February 10, 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

         
Enron:

A company man to the bitter end?
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Report: Lay Had Faith in Enron Stock
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Enron to explain how $29 million in bonuses will be paid
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Enron Powers Report endures a year later
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Lawyers for Fastow seek delay
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Report on Enron Taxes Will Also Explore Pay Issues
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Investors get back some answers in Ponzi scheme
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ACandS Gets More Time To File Ch 11 Reorganization Plan
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CD Warehouse Emerges From Bankruptcy With New Owner
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Steel:

Bethlehem Steel to End Retiree Benefits
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Bethlehem Steel collapse leaves retired workers scrambling for benefits
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Bethlehem board votes to sell assets
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Steel retirees await the worst
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Weirton Workers Asked to OK Concessions
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Meeting set today on retirees' health care
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Conseco:

Conseco Judge Recommends Talks Over Document Requests
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Investors set to oppose Conseco reorganization plan
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Attorney Says Consolidated Freightways Violated Plant-Shutdown Law
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No breaks for Rigas while prepping for court
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Corporate Reform:

Sprint case raises concern over exec's taxes
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Slipping up with truth at Goldman
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Telecoms:

WorldCom's plan rife with unknowns
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Supra and AT&T settle on access fees
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The fall of KPNQwest
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Network crash
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Gilat creditors OK debt plan
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Indicted Exec's Florida Palace On Block
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Bankrupt San Antonio Hispanic-Focused Telecom Company to Merge with Houston Firm
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Pillowtex, union agree on 3-year labor contract
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Debt-Heavy Consumers Face Tough 2003
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ANC Rental Can Tap Banks' Cash Collateral Thru March 19
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Advanced Tissue Sciences Files Plan of Reorganization and Disclosure Statement
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Energy:

Allegheny Energy/Waivers: 5th Extension Since Default
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The banks take over
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What's next for AMF Bowling?
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Morgan County, Ga., Rope Manufacturer Files for Bankruptcy
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Payroll service firm files bankruptcy - IRS claims Brian Hall owes millions of dollars
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PANACO, Inc. Announces Changes in Its Board of Directors
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A Time for Caution - Qualifying for a Mortgage Doesn't Mean You Should Get One
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Banks hold big-loan woes in check
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  Airlines:

What you pay for when you fly
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Ailing airlines facing worse turbulence
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Judge Gives UAL Extension To Lower Plane Lease Rates
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Travel industry braces for Iraq war
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Missile defenses for airliners proposed
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Air Canada credit ratings cut after big losses
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Air Canada unions must wake up
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Airline chickens come home to roost
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Unions Wary of Northwest Labor Cost Cuts
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Is EDS feeling airlines' pain?
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Mending broken businesses
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Asbestos:

Washington finally tackles asbestos
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Lawyers to Vote on Limiting Asbestos Claims
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Asbestos victim campaigners slam Honeywell sale of Bendix division
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Tokheim Corporation Completes Auction of North American Assets
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Debt be not loud: the collector's gentle art
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Law Firms:

Brobeck partners snapped up
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Brobeck: The 'feeding frenzy' begins
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O’Melvenys hires five-partner Brobecks team
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Tech-Based Law Firms Suffered Along with Industry during Fallout
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Growing Boies
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Firms take closer look at contract attorneys
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Atlanta: Midtown market marked by law firm moves
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The Brobeck blues
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Law School Grades Paramount at Gibson Dunn -- Even for Laterals
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Sullivan Names First Woman to Management Committee
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Leading Silicon Valley Lawyers to Join O'Melveny & Myers in Menlo Park
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V&E litigators leave to form their own practice
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Merging legal practices brings challenges along with benefits
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Jones Day and Gouldens tie knot
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Law, business worlds unite in transactional arena
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Law firms put marketing efforts on front burner
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Most clients keep ties with ex-Hill & Barlow lawyers
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Attorneys looking to the Internet as competition for clients increases
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Preston Gates & Ellis holding merger talks
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Casting for clients: More firms turning to free seminars and advice as lure for landing new business
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Casual Dress Is History at NY Firm
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Billionaire Considers Purchase of Aladdin Casino in Las Vegas
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FDIC warns banks about loans
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Kmart:

Kmart board deserves 'F' for oversight
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Kmart Seeks Court OK To Pay Fees On Reorganization Plan
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Moody's Sees More Pain for Firms
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Bankruptcy judge rejects DataPlay sale
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Alterra Healthcare Wants Court Nod For Severance Plan
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Accounting:

E&Y in landmark victory
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Independent auditing? In your dreams
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Accountants' Close Link to Executives Is Questioned
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Europe wary of SEC rules' reach
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Nine months later, Andersen reconciled: Accounting firm's alums find homes at Ernst, corporations
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Sniffing out books that are cooked: Accounting sleuths keep numbers clean
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New regs put premium on careful accounting
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Firms should measure fraud risk in light of act
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John Hancock: Mortgage Loan Losses May Deteriorate More
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Taking On Lehman Over Ties to First Alliance
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Credit Counselors Get a Workout as Consumers Struggle with Debt
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Mississippi Chemical Announces Termination of Agreement With Farmland Industries
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Denver Aquarium's Survival May Depend on Ripley's
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Some optimism tempers grim bankruptcy forecast
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Bankruptcy Reform:

House bankruptcy bill may be dropped soon (scroll down)
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Hockey:

Bryden bid could cost taxpayers millions
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Bryden bucks odds, but what of long-term survival?
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Intricate deal secures Senators
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Sabres get cash infusion
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Sabres' price is expected to surpass $50 million
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England:

Students owe $71m in arrears
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Gloomy year as business failure rates soar
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Test case may make some overseas groups subject to English insolvency regulations
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Bankers battle over terms of nuclear rescue package
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Cenargo opts for administration
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Sharp rise in level of company failures
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Investors braced for bad debts to dent banks' profits
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Pension deficits threaten credit ratings of five big companies
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Canada:

Calgary's orchestra sends an SOS
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Pension deficits
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Japan:

Japan watchdog makes case to cut insurance payout
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South Africa:

McCarthy and liquidators square up over R106m
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Germany:

New doubts over Kirch sale
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