February 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

         
Rand McNally:

Rand McNally is bankrupt
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Rand McNally files bankruptcy package
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Rand McNally flips to Chapter 11
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Private Equity Firm Gains Control of Rand McNally
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Asbestos:

ABA backs limits on asbestos suits
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ABA urges limits on asbestosis suits
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ABA Faces Tough Asbestos Lawsuit Debate
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ABA backs limits on asbestos lawsuits
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Fresenius Med Care Signs Pact To Settle WR Grace Issues
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Teary Judge Jaffe admits guilt to extortion
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Bidding is hot for Tokheim
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Kmart:

Belt-Tightening Hits CEOs
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Kmart Asks Contempt Order for Ex-Exec
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Enron:

Ken Lay's lawyer says trades were legal
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Enron insists PUD owes $116 million
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California suspends Enron's trading privileges
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Bankrupt Paper Firm in Millinocket, Maine, Gets First Suitor
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Telecoms:

WorldCom Works through Rocky Times
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Contracts for Frontline Workers Are Critical to Adelphia Reorganization, CWA Tells Bankruptcy Court
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FCC postpones vote on Baby Bell rules
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Union Fights Pay Deals For Top New Adelphia Commun Execs
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Phone Debate between Bells, FCC Heats Up
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Steel:

Bethlehem retirees steel themselves for upheaval
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USWA Moves Quickly Toward Contract with US Steel
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U.S. Steel Names Surma President
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Malden Mills eyes loan from New Jersey lender
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Lender's CEO Got Million-Dollar Deal on Exit - Bankrupt Health Care Financier Made Agreement as Poulsen Was Ousted
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Finance companies file for bankruptcy
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  Airlines:

UAL seeks to block CEO, director depositions
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Feds Approve US Airways Loan Guarantee
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ATSB Letter Praises U.S. Airways Business Plan, Mgmt
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United creditors object to CEO pay
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UAL Gets Court OK To Pursue Dismissal Of Some 9/11 Suits
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As big airlines struggle, reservations systems prosper
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Northwest Seeks Labor Cost Cut; America West Cuts Fares
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Largest 2002 Bankruptcy Filings
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Smithfield seeks to make Farmland bankruptcy fight public
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Hockey:

Why would anyone buy a hockey team?
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Penguins in red
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Law Firms:

Law school receives full accreditation
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At ATLA, 'We Are at War'
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Digital headache - E-discovery costs soar into the millions, and litigants seek guidance
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As firm collapses, top Brobeck partners get jobs
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FTI Consulting's Underwriters Exercise Overallotment Option; Company Provides Outlook for Full-Year 2003
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Wisconsin Investors Didn't Realize Their Stakes in Wellington Weren't Secured
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Energy:

TXU Corp. Says Its Recovery Is on Course
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Smaller firms feeling the heat in manufacturing downturn
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Probex reports several developments affecting its financial condition
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Accounting:

Auditor-executive ties: the new focus
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New accounting rules need enforcement
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Group B: Ready for the Big Four?
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Audit firms woes may not be over
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Audits of Wealthy Taxpayers Could Increase
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Demand for Public Accountants Is Rising
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Kansas farm delinquencies climbing
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Wall Street:

"Layoffs Aren't Over"
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New Bankruptcy Opinions
(1 new opinion 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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Maxxim Medical files for Chapter 11
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Sports Agent Seeks Bankruptcy Protection
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Burlington:

Ross, Buffett vie for Burlington
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Berkshire Hathaway Makes Burlington Bid
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Buffett in Showdown Over Burlington Bid
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Deal means debt-free start, stock cancellation
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Former Budget Grp Seeks More Exclusivity; Panel Objects
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Maxcor Files Suit In NY Supreme Crt
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MagCorp Creditors Want Trustee Named Or Case Converted
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Federal-Mogul Seeks Court Approval To Sell Two Factories
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Richmond, Va.-Based Leather Clothing Retailer Files for Bankruptcy Protection
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Affiliates Object To Pacific Crossing Exam Request
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Uniroyal Tech Seeks Court OK To Change Retiree Benefits
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England:

Tesco to correct accounting "errors"
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The City is a victim of its own greed
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More businesses in danger as insolvency levels rise
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Japan:

Starting all over again
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METI aims to help sick firms beat bankruptcy
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Loan sharks on the rise in Japan along with bankruptcies
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Israel:

Labor Party in danger of bankruptcy
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Argentina:

Tough IMF demands put Argentina in a bind
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Korea:

Korea's Kamco Signs Contract to Sell Bankrupt Hanbo Steel
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Australia:

Liquidator moves on Keeling firm
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