February 28, 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

         

Law Firms:

SEC Rule on Standards of Professional Conduct for Attorneys
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Bakers absorbs Vienna firm for Austria launch
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Austin collection agency sues S.A. law firm over alleged bribery
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Hicks, Weil Gotshal nix Victory move
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Bankruptcy Reform:

Bankruptcy Bill Lacks Schumer - Hatch Provision: Refuses to Hold Clinic Violence Perpetrators Responsible for Illegal Acts
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House bankruptcy reform bill introduction likely soon
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CLLA to testify at Congressional hearing on bankruptcy reform
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Airlines:

Rivals hover over UAL assets
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UAL attorneys billed $2.8M for January
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Airport will lose money due to US Airway's bankruptcy filing
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Airlines Fear Financial Impact of Any Iraq War
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Hawaiian pilots OK givebacks - Company waives CBA Rejection Rights?
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Pilot wage cut savings outlined
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US Airways Payments Anger Pilots
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US Airways targets pilots' pension plan
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Pilots union says strike talk at US Airways is unwarranted
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United adding Mesa Air as regional partner
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American Airlines' pilots union match pitch for federal help
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JP Morgan: AMR's chances for bankruptcy depend on war
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United sells off seven Boeing 747-400s
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Valley Hope top bidder for bankrupt Halstead Hospital and Hertzler Clinic
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Energy:

Atlanta-Based Energy Supplier Mirant Confirms Hiring of Bankruptcy Specialist
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PG&E suffers fourth-quarter loss of $2.2 billion
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Bankruptcy Court Updates Trial Schedule for PG&E's Confirmation Hearings
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Venus Exploration in bankruptcy
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S&P may still cut Allegheny Energy ratings
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Telecoms:

Lawsuit launched against Teleglobe directors
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Judge dismisses Global Crossing bid
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Receiver sues former Teleglobe directors
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Lawsuit by Sprint PCS affiliate another major challenge for company
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Goldman Sachs Named In Global Crossing Share Offering Suit
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North Carolina AG wins temporary halt to Ecusta paper plant sale
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As Bankrupt Southeast Hospital Sinks
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Kmart:

Former exec relents, will aid Kmart probe
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Buying Assets From A Distressed Company Or Debtor In Bankruptcy
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Burlington:

Buffett's $579 Million Bid for Burlington Stalled After Judge's Fee Ruling
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Burlington seems to hang by last thread
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To Reaffirm Or Not To Reaffirm: Much Ado About Nothing Or The Tempest?
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Enron:

Enron Judge Shields Energy Company From Investor Suit
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Enron Shareholders' Move Against Banks Is Rebuffed by Judge
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Holders' suit against Enron blocked
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More Enron Fallout -- Unsuspecting Utilities Could be Adversely Affected
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Conseco:

Conseco draws big name suitors
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Conseco maneuvering heats up
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Hockey:

Senators deal disintegrates
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Buzzards missing 14 pairs of skates
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Hockey team's saga takes yet another twist
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CHL team owner must give up concession profits
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Monitor says no to Senators' purchase plan
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Golisano Close to Buying Bankrupt Sabres
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Senators up for sale again after Bryden deal fails
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Bryden's deal to repurchase the Senators falls through
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BioTransplant files for Chapter 11 bankruptcy
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Bankruptcy court okays FAO going out of business sales
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Judge Approves Inventory Buy-out By Cold Metal Employees
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Asbestos:

After record loss, ABB says its slate is clean
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Emporium rejects bid from Texas retailer
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Battling Mortgage Problems, Part 2
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Digging out of the debt pit
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Steel:

AK Steel's bid for NatSteel advances
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Celox prepares to liquidate
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Corporate Reform:

How E-Mails Came to Haunt CSFB
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New Bankruptcy Opinions
(3 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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Attorney Must Testify About Talks With Experts
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Accounting:

SEC Likely to Reject Limit On the Liability of Auditors
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Greater Use of SEC Enforcement Tool Against Accounting Firms Has Important Consequences For Companies
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Audit Committee Financial Experts and Code of Ethics
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Teddy Riley's bankruptcy cases continued until April
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Laidlaw:

Laidlaw's reorg plan approved
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Judge Approves Laidlaw's Plan to Emerge From Bankruptcy
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Accounting:

Royal Ahold Moves to Limit Damage
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Adelphia:

Would-be Adelphia chairman would reshape board
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Adelphia Will Disclose Review Of Capital-Expenditure Policy
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Adelphia Overstated 2002 EBITDA
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Bidders reach accord on IHS
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Madster creator drops his bankruptcy filing
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Nomura May Tap Firm to Help It Become a Turnaround Artist
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Grant Geophysical Misses Payment, May File For Bankruptcy
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South Dakota seems to buck bankruptcy trend
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Auto Parts Maker's Bankruptcy Leads to Durham, N.C., Plant Being Put on Market
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Most Creditors in Cedar Rapids, Iowa, Insurer Bankruptcy Likely to Get Little
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County Seat owners file for bankruptcy
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China:

Bankruptcy of Wangmazi, End of 352-Year-Old Scissors Maker?
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Russia:

Russian Banks Have Profit Margin of Only 2%
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Japan:

Outlook grim for Dutch village theme park
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A dream theme falters
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Sales will be real test of Seibu, Sogo merger
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Canada:

Basis100 Announces Definitive Agreement and Court Approval on EFA Group Sale
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