December 12, 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
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Major U.S. Film, TV Studios Sue Adelphia
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Studios Claim Adelphia Infringed Copyrights
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Enron:

Lawyers say maneuvers to be costly
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Enron plaintiffs seek a breather with ever-growing litigation
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Enron marches toward exit
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Chapter 12
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Telecoms:

Cable & Wireless USA's Largest Unsecured Creditors
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Court OKs $25M Interim Loan for Cable Wireless USA
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C&W Dumps Independent Sales Reps
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Ex-WorldCom executive dies
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John Sidgmore, Former WorldCom Chief, Dies at 52
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Resurrected Shiva to liquidate
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J.P. Morgan Sues Global Crossing Founder
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Global Crossing begins post-bankruptcy media campaign
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Union Fund Wants Out Of Milberg-Led WorldCom Bond Suit Coalition
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Jewelry firm Whitehall fires CFO, expects to miss filing deadline
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Steel:

Republic Engineered, Perry iron out bid details
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The swipe generation
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Corporate Reform:

First suit filed alleging mutual fund mispricing
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Witness thought art purchases OK
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Federal Prosectors Dispute HealthSouth Sentences

Ex-Tyco exec says auditor OK'd bonuses
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Energy:

Power plant could be shut
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Bankruptcy Court Approves Mirant Settlement with Unitil
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Former El Paso Trader Pleads Guilty to False Reporting
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Fitch says US power merchants face new debt bubble
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More Infinia operations file for bankruptcy protection
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Penn Traffic receives approval for selling Big Bear stores
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Big Bear to Close Remaining Supermarkets
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Martha, Kmart too unreal for Christmas
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CKE Restaurants Franchise Files Chapter 11 Bankruptcy
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Transcript of S.Ct. Oral Argument in Kontrick v. Ryan: Debtor's Waiver of Untimely Objection To Discharge
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IRS starts cracking down on delinquent tax payments
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When paying off debt is a bad idea
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Healthy bidding for Doctors Community
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Penthouse Mansion up for sale to pay debts
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A first: State asks U.S. for loan to pay jobless
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Cone Shareholders Given Voice: Appointment Of A Committee To Represent Shareholders
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Judge Clears Way for Hospital Sales
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Deaconess will pay employees
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  Airlines:

Creditor's lawyer threatens legal action against Air Canada board
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Air Canada Creditor Mizuho May Sue Board Over Sale
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Sides weigh new Cerberus bid
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Air Canada offer should be public
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Air Canada's Trinity deal under fire, Cerberus files new offer
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Cerberus takes final shot at Air Canada Li appears to be in better position
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Hawaiian, Boeing agree to extend aircraft leases
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Atlas Air Worldwide Holdings Provides Financial and Restructuring Update
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Sobelair on brink of bankruptcy
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Feds profit on Frontier stock
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Company that seeks to collect debts ordered to cease operations
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Asbestos:

Halliburton Provides Update On Vote for Subsidiaries' Plan of Reorganization
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Halliburton Voters Leaning Toward OK Of Proposed Reorg Plan
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Halliburton Audit Finds Evidence of Overcharging
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Commercial Reserves $60 Billion Short
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$3 Million Award To Asbestos Victim
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Don't Hold Your Breath On Asbestos Reform Bill
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Ohio House OKs asbestos reform bill
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Ohio Moves Closer to Asbestos Reform
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Steel:

Moody's lowers ratings on AK Steel Corp
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Law:

What's Hot and What's Not in the Legal Profession
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Pennie & Edmonds to fire staff in Jones Day takeover
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Prominent Long Island Law Firm Disbands
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Hiring With Humor
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NY Lawyers Eye Iraq For Opportunities
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15,000 Expected For Firm's Annual Christmas Party
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Hogan & Hartson Promotes Five Lawyers To Partnership
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Firms Name Leaders
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Firm Web Sites Confusing Content And Clients
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Lawyers broke record
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Accounting:

Dixon Hughes merger marks rise of a super-regional firm
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Goodyear Skids on New Accounting Woes
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AICPA Publishes Audit Committee Guidelines

$32 Million Settlement Reached in Deloitte Hedge Fund Case

Manhattan Investment Holders Get Something Back
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Under pressure, FASB eases off of FAS 150 -- temporarily
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U.S. Charges KPMG with Obstruction
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Circus museum called bankrupt
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Consumers urged to redeem woodworking company's gift certificates
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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France, Pinault Reach Executive Life Settlement
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How people issues can shape bankruptcy
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Farmer-owned pork processing facility files for bankruptcy
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Transcript of S.Ct. Oral Argument in Lamie v. UST: Awarding Fees From Ch. 7 Estate To Debtor's Counsel
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UK:

400,000 left without insurance
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Tribune collapse leaves 40,000 without cover for homes
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Tighter Regulations in Store for UK Corporations

MyTravel 910m loss much worse than expected
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Flying on empty
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Storm clouds linger over MyTravel
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Equitable Life: 'My whitewash fear'
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Credit card mania takes hold in Britain
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How safe will my savings be if the bank goes belly-up?
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Banks to enter energy sector
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Canada:

Taxpayers also left holding bag in ADF's meltdown
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Hong Kong:

Hong Kong plans 'Chapter 11' law
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Korea:

Credit card debt plagues South Koreans
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In Korea, even the homeless have cards
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Italy:

Parmalat's unhappy return
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Parmalat shares dive
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Parmalat Shares Plunge After Second Credit Rating Cut
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The pensions time bomb
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China:

China to Bail Out Banks
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Indonesia:

Asia Pulp wars with U.S. bondholders
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Japan:

Japan Nov Corp Bankruptcy Cases Down 20.7%, Debt Up 75.2%
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Daiei asks 30 creditors to halt debt collection
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Australia:

Transport company to be wound up
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Fascinating Story On Pan Pharmaceuticals
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New Tel insider scam alleged
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Ansett workers told cheque's in the mail
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No mercy for Kaye as rescue plan fails
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Selim's wealth in the tens of millions, court told
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Germany:

Deutsche must pay for Kirch bankruptcy
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