February 11, 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

         

Steel:

Bethlehem Steel Begins Cuts on Retirees' Health Benefits
(DBN Subscription Required)

Deal creates world's largest steelmaker
(DBN Subscription Required)

Bethlehem retirees shaken by loss of health benefits
(DBN Subscription Required)

US Steel to rebid for NatSteel
(DBN Subscription Required)

U.S. Steel and Steelworkers set talks toward a labor deal at National Steel
(DBN Subscription Required)

Its eye on National, U.S. Steel puts asset sale on hold
(DBN Subscription Required)

U.S. Steel hopes to forge National buyout through union harmony
(DBN Subscription Required)

U.S. Steel to challenge AK over National Steel bid
(DBN Subscription Required)

_____________________

Student Loans Are For Suckers
(DBN Subscription Required)

Inacom to liquidate assets, end Chapter 11 case
(DBN Subscription Required)

Danaher successful bidder for Tokheim's Gasboy assets
(DBN Subscription Required)

Bankruptcy Court Approves DIP Loan For Ameripol Synpol
(DBN Subscription Required)

Asbestos:

Lawyers Group Faces Tough Asbestos Debate
(NYT: separate free registration required)

ABA Asbestos Plan Would Destroy Legal Rights of Sick Victims of Corporate Wrongdoing
(DBN Subscription Required)

_____________________

Enron:

Enron Investigator Focuses on New York Firms
(DBN Subscription Required)

Prosecutors now weigh cases holding best odds
(DBN Subscription Required)

Fastow granted a delay
(DBN Subscription Required)

Enron Powers Report endures a year later
(DBN Subscription Required)

Enron opposes NewPower request to delay examiner report
(DBN Subscription Required)

Enron prosecutors back in court
(DBN Subscription Required)

Reams of paper delay Fastow case
(DBN Subscription Required)

________________________

Comdisco Redeems $50 Million of Its 11% Subordinated Secured Notes
(DBN Subscription Required)

Burlington Industries Seeks Plan-Filing Extension
(DBN Subscription Required)

Telecoms:

CenturyTel wins Digital Teleport
(DBN Subscription Required)

Executive Hires in Limbo at Adelphia Communications
(DBN Subscription Required)

CCC tosses ATSI lifeline
(DBN Subscription Required)

____________________

Pension Funds Plan to Plow $14B into Real Estate in 2003
(DBN Subscription Required)

ISDA Publishes 2003 ISDA Credit Derivatives Definitions
(DBN Subscription Required)

Bankruptcy Court approves sales of WROU, WRNB
(DBN Subscription Required)

SpectraSite:

SpectraSite emerges from bankruptcy
(DBN Subscription Required)

SpectraSite emerges from Chapter 11
(DBN Subscription Required)

____________________

Corporate Reform:

Bill Is in Works to Speed Hiring for Stronger SEC
(WSJ: separate paid subscription required)

Sprint Case Shows New Risk To CEOs When Things Go Bad
(WSJ: separate paid subscription required)

Inside the Tough Call at Sprint: Fire Auditor or Top Executives?
(WSJ: separate paid subscription required)

SEC on the Lookout for Corporate Fraud Overseas
(DBN Subscription Required)

____________________

Essential Therapeutics Directors Aldrich, Walker Resign, Bankruptcy Possible
(DBN Subscription Required)

Retailers Have New Resolve: Pare Down or Perish
(DBN Subscription Required)

Lumenon files for Chapter 11
(DBN Subscription Required)

Identity theft is an epidemic, and only bold reforms can stop it
(DBN Subscription Required)

Advanced Tissue files liquidation plan
(DBN Subscription Required)

Horizon Natural Resources Asks To Extend Exclusivity
(DBN Subscription Required)

George Putnam: It's Crowded At The Bottom
(DBN Subscription Required)

Judge OKs State Title compromise
(DBN Subscription Required)

Big Iowa ranch once partly owned by George Young auctioned off
(DBN Subscription Required)

  SLI:

Clock ticks on SLI buyout
(DBN Subscription Required)

Investors Seek To Acquire SLI Assets In $86 Million Deal
(DBN Subscription Required)

___________________

Kmart:

Kmart's fallout hits suppliers, workers
(DBN Subscription Required)

Kmart's internal investigation enters final phase
(DBN Subscription Required)

__________________

American Financial Group investor remains jailed without bail
(DBN Subscription Required)

Hockey:

Creditors okay Bryden's bid to buy Senators
(DBN Subscription Required)

Sens deal went down to the wire
(DBN Subscription Required)

Ottawa Senators Win Court-Protection Extension
(DBN Subscription Required)

Golisano on Sabres' sale: 'Things are progressing'
(DBN Subscription Required)

_______________________

Energy:

Calif. utility calls for harsher Reliant penalties
(DBN Subscription Required)

Allegheny To Move Trading Unit To Suburban Pa From NYC
(DBN Subscription Required)

Ratepayers To Benefit If Portland Buys Electric Co-Report
(DBN Subscription Required)

_____________________

Accounting:

Tax Scandal Is Worrying Ernst & Young Staffers
(DBN Subscription Required)

Accounting, Financial Services Firms Prefer to Send Printed Newsletters
(DBN Subscription Required)

Prosecutor Concedes PwC Knew About Tyco
(DBN Subscription Required)

Tyco Ex-Officials Used Tax Shelters
(DBN Subscription Required)

IRS Chief Counsel Scolds Attorneys on Tax Shelter Prosecutions
(DBN Subscription Required)

Intricate web
(DBN Subscription Required)

Ban on Tax Advice by Auditors Urged
(DBN Subscription Required)

Accounting Firms Defend Tax Shelters as Clients Point Fingers
(DBN Subscription Required)

'Flawed' Equitable claims heap more misery on chairman
(DBN Subscription Required)

E&Y wins Equitable case - Assurer says it will appeal 'with speed and vigor'
(DBN Subscription Required)

Equitable loses auditor claim
(DBN Subscription Required)

Equitable damages bid blocked
(DBN Subscription Required)

How Companies Account For Space Not Being Used - FASB Rules on Deserted Offices Raise New Questions Amid Rising Vacancies
(WSJ: separate paid subscription required)

___________________

At Adelphia, Rigases are out and Playboy is in
(DBN Subscription Required)

Law Firms:

Brobecks: the fall of a giant
(DBN Subscription Required)

Firms Go All Out to Recruit Brobeck Partners
(DBN Subscription Required)

Cisco open to offers after Brobeck collapse
(DBN Subscription Required)

Brobeck Coffers Helped by $2.5 Million Fee in Sports Agents' Fight
(DBN Subscription Required)

Firms Find Excess Office Space Eating Up Profits
(DBN Subscription Required)

'Pillsbury does not have insurance to cover $45m lawsuit'
(DBN Subscription Required)

Frugal General Counsel Look for Savings
(DBN Subscription Required)

Southern Discomfort: Lawyers Suing Lawyers
(Business Week: separate paid subscription required)

Criminal team walks out on Dechert to go it alone
(DBN Subscription Required)

Sarbanes-Oxley Act's provisions to alter attorney-client relationship
(DBN Subscription Required)

Skjerven collapse sees Pillsbury partners return
(DBN Subscription Required)

Act's proposed 'noisy withdrawal' aspect brings disturbing changes
(DBN Subscription Required)

A&O Germany trims associate pay
(DBN Subscription Required)

Law Firm Moves Signal Challenges Facing Smaller Firms
(DBN Subscription Required)

Derks Star partner retires as disciplinary case looms
(DBN Subscription Required)

Mayer Brown continues Paris expansion
(DBN Subscription Required)

Pillsbury keeps Dentons on tenterhooks over UK merger
(DBN Subscription Required)

Landwell loses tax litigation team to Dorsey & Whitney
(DBN Subscription Required)

_____________________

 

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

A&O, Cadwalader in conflict storm over collapse of TXU - Conflict builds as City law firms play controversial dual role for TXU administrators and creditors
(DBN Subscription Required)

Relationship between the Bankruptcy Code and Nonbankruptcy Law

Florida's Second-Most Expensive Home
(DBN Subscription Required)

Airlines:

United 'prepared' for war but sees fewer flights, help from lenders
(DBN Subscription Required)

UAL keeps lease terms secret
(DBN Subscription Required)

City, state seeking deal to save United maintenance center
(DBN Subscription Required)

Northwest must cut up to $1.5 billion to survive
(DBN Subscription Required)

Airlines stand to lose big
(DBN Subscription Required)

S&P keeps United on credit watch
(DBN Subscription Required)

American in tailspin over record loss
(DBN Subscription Required)

Moody's Cuts AMR, American Deep Into Junk
(DBN Subscription Required)

Air Canada tries to adapt for survival
(DBN Subscription Required)

Air Lib staff in Paris airport clash
(DBN Subscription Required)

Air Lib demo gridlocks Paris airport as police fire tear gas
(DBN Subscription Required)

Air Lib rescue efforts take off
(DBN Subscription Required)

_______________________

Credit Cards to Swipe Profits At Sears During Turnaround
(WSJ: separate paid subscription required)

Enforcement of Creditor Rights

Ira Rennert’s House of Debt
(Business Week: separate paid subscription required)

Bankruptcy attorney sentenced in own filing scheme
(DBN Subscription Required)

Limitations on Creditor Rights

Monetary Obligations

Wall Street:

An Iceberg of Irate Investors
(NYT: separate free registration required)

CSFB and Salomon to face SEC fraud findings
(DBN Subscription Required)

_____________________

Canada:

Court rules directors not responsible for Peoples Stores demise
(DBN Subscription Required)

Once a financier of last resort, Congress Financial widens its horizons
(DBN Subscription Required)

D&O insurance hikes rock firms
(DBN Subscription Required)

__________________

China:

Timid banks hinder reform
(DBN Subscription Required)

______________________

Japan:

Goldman Sachs takes a swing at golf with purchase of bankrupt golf-course
(DBN Subscription Required)

_________________

South Africa:

Debt collectors lose muscle
(DBN Subscription Required)

________________

England:

BE's Jeffrey backs down over payoff
(DBN Subscription Required)

Ipswich to restructure debts
(DBN Subscription Required)

Laytons raids Pannone for insolvency push
(DBN Subscription Required)

Ex-Tory Minister Declared Bankrupt
(DBN Subscription Required)

DLA insolvency head joins Eversheds
(DBN Subscription Required)

Company winding up and bankruptcy petition statistics
(DBN Subscription Required)

The streamlined administration process and its proposed application to partnerships
(DBN Subscription Required)

DTI figures indicate big rise in consumer bankruptcies
(DBN Subscription Required)

______________________

New Zealand:

Bankrupt director on beer club company fraud counts
(DBN Subscription Required)

__________________

Australia:

HIH inquiry takes new twist
(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.

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