August 7, 2003 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Telecoms:

MCI bill could have wide impact
(DBN Subscription Required)

Another Taxing Issue for MCI
(DBN Subscription Required)

Citizens for Tax Justice Report Urges Congress to Block MCI's $9.5 Billion Tax Loophole Grab
(DBN Subscription Required)

WorldCom settlement with SEC is OK'd; $750 million deal includes cash, stock
(DBN Subscription Required)

AT&T steps up MCI charges
(DBN Subscription Required)

MCI hires Gibson Dunn for review
(DBN Subscription Required)

AT&T Adds to WorldCom Tariff-Evasion Allegations
(DBN Subscription Required)

Pair Defect To Shrinking Firm
(DBN Subscription Required)

ATT Rebuts MCI: Details More Proof Of Wrongdoing
(DBN Subscription Required)

Partner Finds His "Not for Citation" Victory in High Demand
(DBN Subscription Required)

New Rules Leave Lawyers In Bind on Whistle-Blowing
(DBN Subscription Required)

New data show WorldCom rerouted calls, AT&T says
(DBN Subscription Required)

The shifting sands of UK law
(DBN Subscription Required)

WorldCom Stopped Routing After Subpoena
(DBN Subscription Required)

Logging on at the Airport Costs New Partner His Vacation
(DBN Subscription Required)

MCI Nearer Bankruptcy, Faces New Charges
(DBN Subscription Required)

A Novo Broadband sells for a song
(DBN Subscription Required)

______________________

Court Extends Recoton's Sole Right To File Turnaround Plan
(DBN Subscription Required)

Law Firms:

Lawyers project increased hiring in next 12 months
(DBN Subscription Required)

Atlanta-Based Law Firm Powell, Goldstein Chooses McAlpin for Top Position
(DBN Subscription Required)

Jenkens faces class action over legal privilege dispute
(DBN Subscription Required)

U.S. attorneys' group eyes change in client secrets rules
(DBN Subscription Required)

What You Need to Know to 'Sell' Your Law Firm to New Attorneys and Laterals
(DBN Subscription Required)

NY Firm Closes Denver Satellite
(DBN Subscription Required)

11 'Quick' Fixes to Problems With Your Staff Pay Plan
(DBN Subscription Required)

In tough economic times, firmsí management must look at where a firm is under-performing, pinpoint the fee earners who must take responsibility and take the appropriate action
(DBN Subscription Required)

Task force tells US attorneys to report laundering
(DBN Subscription Required)

What Challenges Will Generation Y Create for Firm Managers?
(DBN Subscription Required)

NY Practice Leader Defects
(DBN Subscription Required)

Feedback Must-Haves for Your Law Firm's Partner/Supervisors
(DBN Subscription Required)

Managing Multiple Office Recruitment: How Vinson & Elkins Makes it Work
(DBN Subscription Required)

California Bar votes to open up legal market
(DBN Subscription Required)

26 Ways to Improve Relationships With Your Junior Lawyers
(DBN Subscription Required)

Salans set for Altheimers Euro deal
(DBN Subscription Required)

Gibson Dunn gears up for Brussels launch
(DBN Subscription Required)

Hammonds to set up war chest by raising partner contributions
(DBN Subscription Required)

UK partners back government plans to let practices float
(DBN Subscription Required)

___________________

Castaways seeks to change health plan
(DBN Subscription Required)

HealthSouth Granted Option to Music Mogul
(DBN Subscription Required)

Samuels Jewelers Expects OK On $3M Interim DIP Loan
(WSJ: separate paid subscription required)

  Airlines:

Airline creditors seeking details
(DBN Subscription Required)

Airlines, Airports Differ Sharply On Bankruptcy
(DBN Subscription Required)

Northwest Chief Says Airline Will Not File for Bankruptcy
(NYT: separate free registration required)

Second Union Files Suit Against NWA
(DBN Subscription Required)

Cerberus abandons bondholders: bid may follow
(DBN Subscription Required)

Air Canada asks court to approve special payment
(DBN Subscription Required)

Analysts Say: CAE's wobbly flight path
(DBN Subscription Required)

Northwest Air Says Problems Persist for Major U.S. Carriers
(WSJ: separate paid subscription required)

________________

Asbestos:

RHI says to sue Halliburton over asbestos payments
(DBN Subscription Required)

________________

Judge approves ANC asset sale
(DBN Subscription Required)

ANC Rental: Cerberus Capital Deal Clears Bankruptcy Ct
(DBN Subscription Required)

DIP Dimensions: WestPoint Stevens Inc.
(DBN Subscription Required)

Bankrupt foundation puts Kalakala on auction block
(DBN Subscription Required)

Southeast hospital gets deadline for repairs
(DBN Subscription Required)

Fulton seeks executive bonuses
(DBN Subscription Required)

A Year After Scandal, Peregrine To Emerge From Bankruptcy
(WSJ: separate paid subscription required)

Peregrine Systems set to exit bankruptcy
(DBN Subscription Required)

Audit finds flaws in Kmart contracts - "firm evidence" of misconduct in four vendor contracts
(DBN Subscription Required)

S&P Put DVI Receivable XIX LLC Ser 2003-1 on WatchNeg
(DBN Subscription Required)

Net Perceptions winds down
(DBN Subscription Required)

White Mountain close to bankruptcy exit
(DBN Subscription Required)

Plan for liquidation of Brennan estate to be presented Thursday
(DBN Subscription Required)

Tyson Broke and Fading Fast
(DBN Subscription Required)

Some Big Banks Sheltered hundreds of millions of dollars from state taxes by creating investment funds paying tax-exempt dividends to their corporate parents
(WSJ: separate paid subscription required)

Creditors have reached an agreement that could end Honolulu Memorial Park's Chapter 11 bankruptcy case
(DBN Subscription Required)

Icahn bids for Philip Services
(DBN Subscription Required)

Creditors, Unions Object to Some Asset Sales of Bankrupt Horsehead Industries
(DBN Subscription Required)

Appeals court reduces judgment for Erxleben figure
(DBN Subscription Required)

Collier Bankruptcy Case Update

Steel:

Weirton Steel awaits ruling on bonuses
(DBN Subscription Required)

Steel business suffers through hard times
(DBN Subscription Required)

_____________________

Spectrum Restaurant Group Announces Reorganization
(DBN Subscription Required)

Integrated Health's backup plan, K&E's lawyer parade, Mirant all charged up, Coram case reaches third year and S&P junks Jordan Industries
(DBN Subscription Required)

EdgeStone lead bidder for CanFreight
(DBN Subscription Required)

Consol Freightways Asset Sale: Via Open Auction
(DBN Subscription Required)

Pittsburgh to lay off 731 city workers
(DBN Subscription Required)

Allou Distributors Trustee Seeks Documents From 35 Firms
(WSJ: separate paid subscription required)

Court cuffs strike threat at Advanced
(DBN Subscription Required)

Wall Street to Move Junk -- Fast
(WSJ: separate paid subscription required)

 

 

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Recent Going-Concern Statements
(DBN Subscription Required)

Bankruptcy laws need changing
(DBN Subscription Required)

UBS faces 125 mln USD US lawsuit from Inverworld administrator
(DBN Subscription Required)

Enron:

Judge agrees to hear request to unseal Enron transcript
(DBN Subscription Required)

Enron law firms escape criticism in Batson report
(DBN Subscription Required)

US Congress slams lawyers in post-Enron securities report
(DBN Subscription Required)

____________________

Accounting:

SEC Opposes Ernst & Young Motion In PeopleSoft Case
(WSJ: separate paid subscription required)

'Spineless' auditors could kill off the profession
(DBN Subscription Required)

California Targets Abusive Tax Shelters With New Round of Audits
(DBN Subscription Required)

______________________

Insurance Firm Declared Insolvent, Leaving Alaska Drivers Without Refund
(DBN Subscription Required)

'Rescue Finance' Market Rises
(WSJ: separate paid subscription required)

Bankruptcy could cost janitor security clearance
(DBN Subscription Required)

Fantastic Sams gets 4 new owners
(DBN Subscription Required)

Kleinertís moves to liquidate
(DBN Subscription Required)

Vantico: Fight to the debt
(DBN Subscription Required)

England:

New Drax Directors See Extension Of Standstill Agreement
(DBN Subscription Required)

Effective Enforcement And Commercial Rent Arrears
(DBN Subscription Required)

Future of power station is still in question
(DBN Subscription Required)

US company withdraws from British power plant
(DBN Subscription Required)

___________________

Canada:

Insolvent Doman Industries makes $13.7 million profit
(DBN Subscription Required)

Imperial PlasTech Obtains Further Order Under Bankruptcy Code
(DBN Subscription Required)

____________________

France:

Turnaround specialist takes a rest after engineering the deal
(DBN Subscription Required)

France justifies Alstom bail-out
(DBN Subscription Required)

_________________

Germany:

US investor to challenge Saban
(DBN Subscription Required)

_________________

Korea:

The sad tale of Hyundai scion's demise
(DBN Subscription Required)

__________________

Japan:

Deferred Tax Assets Big Impact For Japan Insurers
(WSJ: separate paid subscription required)

__________________

Italy:

Italy plots Cirio rescue
(DBN Subscription Required)

____________________

Australia:

Is It Time To Indemnify Directors For Civil Penalty Orders For Insolvent Trading?
(DBN Subscription Required)

____________________

Cayman Islands:

Protecting The Offshore Corporate Veil
(DBN Subscription Required)

__________________


Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com