December 18, 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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Energy:

Panel to Weigh Bid to End PG&E Bankruptcy
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PG&E Bends in Bid to Win CPUC's Blessing
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Fitch Comments On PG&E's Bankruptcy Compromise With TURN
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Asbestos:

Insurers to be heard in KBR filing
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Halliburton soldiers on despite crises
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Halliburton Expects Fast Asbestos Deal
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Fast Growing Firm Lays Off Five Partners, Six Associates
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S&P cuts Solutia's corp credit rating to 'D'
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Solutia Bankruptcy Not Monsanto's Worry
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NYSE moves to suspend Solutia shares
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Solutia/Sues Pfizer: PBGC Sees Intervening In Case
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Monsanto sees possible liability in Solutia Ch. 11
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Solutia, creditors aim at Monsanto
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Effects of Solutia's bankruptcy filing
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Monsanto: Won't Take on Any Obligations Not Monsanto's
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McDermott says shareholders vote for Babcock resolution
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Parent of Barberton, Ohio-Based Boilermaker May Turn Over Control to Trust
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Law:

Ballard Spahr Ready To Settle Malpractice Claims
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DaimlerChrysler Trial Rocked By Surprise Revelation Of Merger Notes
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Clifford Chance raids MoFo for competition star
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Lawfirm merger raises the bar
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Two Top NY Firms Announce Bonuses
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Firm Acquires Boutique, Taps New Market
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Quality clients rarely balk when legal fees increase
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Lawyer Found Liable For Mistakes Made In Divorce Settlement
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Federal Courts' Budget Woes Cause Layoffs, Furloughs and Frustration
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Enron:

Enron reorganization moves a step closer
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Enron claimants could reap lawsuit proceeds
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Corporate Reform:

Retirement plans may drop funds
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Corporate greed caught in the spotlight
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A rogues' gallery of business
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NYSE, SEC Agree on Big Board Reforms

A "Landmark Lawsuit" Hits the NYSE
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Ex-Tyco Risk Manager Acquired Insurance
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Brain Drain At Hollinger Hurts Probe Of Black
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Higher-Ups May Tumble at Putnam
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  New Enemy For U.S. Troops: Debt
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Airlines:

Investors Snap Up UAL Shares, Despite Warnings
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Trinity wins right to last bid
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Judge rules out airline `auction'
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Air Canada's Post-Bankruptcy Cash Shortfall Rises, Filing Says
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Ottawa soured bidding process
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Cerberus ready to battle for Air Canada
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Court Nixes Air Canada Creditor Appeal
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Air Canada lawyers raise foreign ownership issue
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United Air to launch incentive pay program
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US Airways Defends Its Executives
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Court honors bankruptcy judge's service
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Steel:

Outlook for steel turning brighter
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Feds take over Rouge pensions
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Major Lenders of Struggling ECI Steel Hope to Stop Funding of Pension Plan
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Telecoms:

Heat dialed up on Supra Telecom
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Fastnet deal is done; shareholders left out
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CTC Communications Emerges from Chapter 11
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Thurmond daughter tells her story
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Moody's reports on recovery rates of defaulted bonds
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Ailing industry hears swan song of CDs
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With Dick's bid winning, Bob's to end
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Boston marathon for Bob's bidders
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Former Credit Lyonnais Officials Are Indicted by U.S.
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Datamax files for bankruptcy protection
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A clash of expectations: Debtors' disclaimers of property in advance of bankruptcy
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CART:

CART bankruptcy filing part of OWRS buyout
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CART files for Chapter 11 bankruptcy
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CART buyers expect to get out of bankruptcy by 2004 season
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A Look at Economic Development After Another Textile Files for Bankruptcy
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Jobless claims fell by 22,000 last week, a much sharper drop than economists had expected
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Crown Pacific Posts $351,614 Net Loss For November
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Tower Records Close to Being Sold
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Bankrupt Cable Firm Adelphia to Pay Suppliers' Portion of Overdue Bills
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Lempco Industries to close at year's end
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Lender Places Fort Worth, Texas, Office Tower in Foreclosure
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Hldrs Committee Appointed In Cone Mills Bankruptcy Case
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankruptcy Judge Approves Farmland's Liquidation Plan
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FAO:

Toy Flagship Fate Unclear
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FAO Receives Offer for Flagships
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Two Royal Olympic Ship-Owning Units File Chapter 11
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New Chubb Liability Insurance Policy Adds Layer of Protection for Directors and Officers
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Grower Sun World Plans to Reorganize under New Owner
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Tricom Appoints Chief Restructuring Officer to Executive Management Team
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Accounting:

UK Auditors to avoid US interference
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In Need of Credit Counseling? Proceed With Extreme Caution
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UK:

MPs accuse credit card issuers of deceitful practices
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Chinese bidder joins race for Leeds
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Canada:

Les Boutiques San Francisco applies for protection
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Doman Industries Monitor Files Report
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Altimax Variety to file a proposal for creditor approval
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Korea:

Samsung Electronics may rescue credit card unit
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SK creditors consider aiding in restructuring
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Foreign groups excluded from S Korea bid auction
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Japan:

Japan's urban youth disposes of society's human 'trash'
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Iraq:

Paris Club Boss States Prerequisites on Iraq Debt
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Paris Club process rapped by Iraq debt campaigners
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Italy:

Parmalat misses loan deadline
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Parmalat Again Wins Reprieve on Debt
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Indonesia:

Bondholders tell Indonesia's APP to drop lawsuit or risk Indah Kiat bankruptcy
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Netherlands:

Ahold gets billions in new credit
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Germany:

Becker Fined $7,000 Over Role in Web Site Collapse
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