February 5, 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

         
Telecoms:

Genuity sold for less cash
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Level 3 completes buy of Genuity at lower price
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We Wuz Robbed!
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Metromedia Fiber gets court OK for sales
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360networks Completes Acquisition Of Group Telecom
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DIP lender fights Atlantic Express extension bid
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Law Firms:

Economic Woes Hit Law Firms
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Chicago Law Firm to Dissolve after 110 Years of Practice
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Permanent Record
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Firms Announce Associate Bonuses
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Malpractice Suit Proceeds Against Proskauer
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Brobeck's Fall Tied to Debt
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Pillsbury opens door to Brobeck partner
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Firm Not Liable in Insurer's Legal Malpractice Suit
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West Coast rot continues as Skjerven Morrill dissolves
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Brobeck: the desertions, the failed merger, the end
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U.S. Request to Bar Adelphia Witness Query Granted
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Kmart:

Kmart to supply own stores' groceries
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Fleming Is Facing Crisis Over End of Kmart Deal
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Fleming CFO Says Bankruptcy Worries 'Ludicrous'
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Landlord of Bankrupt Colorado Tech Firm Agrees to Sale of Assets
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Hockey:

CIBC, at least one other creditor holding up Bryden deal for Senators
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Golisano Making Progress in Sabres Bid
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NHL Is Biggest Credit Risk of North America Leagues
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No deal may mean no Sabres in Buffalo
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New competitors lining up against bankrupt Comdex
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Banks Object To Approval Of Key3Media's Proposed Loan
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Second Lender Emerges For AmeriKing Financing
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  Airlines:

American seeks $1.8b in labor savings
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Bankruptcy: Is American next?
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Unions line up against United Airlines' plan for further concessions
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United may face 'a very hostile workforce'
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Fund Manager Says AMR Stock Is Now Too Risky
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United to trim incentives
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UAL/CEO Deal: Says Plan Shows Sound Business Judgment
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Most Major Airline Flying with Clipped Wings, Reduced Services
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Hawaiian Airlines seeks $30 million in concessions
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Whirlpool Hit by Airplane Lease Charge
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Conseco banks could play key role
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Bush's SEC Nominee Faces Senate Scrutiny
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Clothing Maker Warnaco Sheds Bankruptcy
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Ocean Journey:

Ocean Journey to be sold
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Troubled Denver aquarium tentatively accepts bid from 'Ripley's Believe It or Not' owner
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Asbestos:

Lawyers consider asbestos lawsuit limits
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Talks held in bid to end asbestos suits
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Enron:

Ex-Enron trader pleads guilty to schemes
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Lawyers' Roadmap
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Another Portland Enron employee pleads guilty
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Uniroyal Tech Seeks Bankruptcy Court OK To Change Retiree Benefits
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Cannondale stabilizes with $4.9M DIP
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FBI Seeks to Talk to Former Officials of PurchasePro
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Asset-Backed Deals Draw Strong Moody's Scrutiny
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Founder of EnvisionNet files for bankruptcy
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Silver Bay Logging files for bankruptcy protection
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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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FAO plans to slim down
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Peregrine

San Diego Software Firm Fights Survival Battle on Several Fronts
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Bankrupt Software Firm May Get Out of Last Two Leases in Carmel Valley, Calif.
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Pleasanton, Calif.-Based Construction Firm Goes into Bankruptcy
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Corporate Reform:

New managers committed most frauds
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England:

British Insurer Claims Direct Goes into Liquidation
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British Insurance Firm's Move to Cut Liabilities May Reduce Policies' Value
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Law trap set for students
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Canada:

Pool escapes bankruptcy threat
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Bondholders approve pool plan
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South Africa:

Securitization financing structure to be tested in court
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Australia:

Five projects stopped as big building company collapses
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Germany:

German companies warned to expect D&O premium hikes
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Israel:

Court: It takes two to tango to bankruptcy
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Ireland:

Receiverships 'on way out'
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Indonesia:

IBRA files police report against biggest debtors
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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