January 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

         
AlixPartners alights, at last, in Europe
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Trustee objects to Globalstar plan
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Final settlements reached in Sunbeam scandal
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Telecoms:

NextWave wins license rights
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Next Up for NextWave: More Suits?
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NextWave Can Keep Wireless Licenses, High Court Rules
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NextWave Victory May Not Prove Too Lucrative
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U.S. seizure of wireless licenses is overturned
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Fire sale for axed CEO
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Worldcom to sell Ebbers' ranch in Canada
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Univance files Chapter 11 bankruptcy
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Telecom survivors gather at World Economic Forum to lick wounds
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Former Employee's Lawsuit Could Cost Qwest a Fortune
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Creditors still negotiating over Bryden's bid to repurchase Senators
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Asbestos:

ACE Boosts Asbestos Reserves by $2 Billion
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Federal-Mogul Fights Creditors Bid To File Reorganization
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Divine's RoweCom unit to file for Chapter 11 ahead of sale to EBSCO
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Cox to judge bankruptcies
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The Main Squeeze in the Credit Crunch
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Whole Lot of Junk
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Feds Rip Magnate's "Poor" Excuse To Avoid Bankruptcy Fraud Sentence
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Malden Mills Nears Agreement with Creditors
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FAO seeks OK to pay top execs
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Judge to Review Cary, SpectraSite's Bankruptcy Plan
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Debtors Could Indemnify Advisor for Its Negligence

Enron:

Linklaters hands over Enron documents
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  Airlines:

Airlines must change corporate culture
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Energy:

Departur of Lawyer From California PUC Suggests Closure
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EOTT Energy Partners, L.P. Announces Management Election
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Ex-Dynegy Trader Is Indicted
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Cannondale to skid into Chapter 11
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Buffalo, N.Y., Makes Pitch for Adelphia Headquarters
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Law Firms:

Cadwalader slammed over Colt telecom mishandling
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SEC Signals Lawyers Still in Crosshairs - With more rules still looming, firms mull compliance plans
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Dewey Ballantine Appoints Seven New Partners and One Counsel
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Speaking Up, Furthering Your Career
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Four Partners Defect From NY Firm
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Brobeck Cuts Debt to Speed Merger, But Move Could Spur More Defections
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Halliwells audits trail of expelled partner
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Theodores' paranoia extends to partners' own phones
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Law firms gorge on Safeway bidders
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Kmart:

Mirro Tentatively Decides to Close Plant, Layoff 880 Because of Kmart Bankruptcy
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Kmart Executive Sees Drop in January Comparable Sales
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Kmart Attorney: No Comments On SEC, US. Atty Probes
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At Least 10 Kmart Stores on List of Closures to Stay Open
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Feds warn Kmart whistleblowers
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Closings to hurt Little Caesar
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Closing sales may begin Monday
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Winning offer for IHS is appealed
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 784 Jobs - Last Updated December 10, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Insurers Seek to Diminish Exposure on Directors Policies
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Accounting:

Big firm partner in child porn inquiry
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KPMG partner sued by SEC
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Prosecutors, Regulators Step Up Pace of Auditor Probes
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Audit methods put Andersen in firing line
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Top Andersen Fraud Detective Starts Afresh
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Thomas Havey reorganizes in wake of scandal
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Hockey:

Bankruptcy in Ottawa and Buffalo Resonates Through League
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Sens' fate still being negotiated by lenders
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ORBIMAGE Reaches Bankruptcy Accord
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Seniors, single moms, recent grads fuel bankruptcy rise
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Japan:

Loan sharks smell blood, circle prey
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England:

30bn is wiped off value of shares as war fears mount
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British Energy cast into the cold
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Insolvency fears loom for life insurers
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Canada:

Cotton Ginny to start liquidating merchandise
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Australia:

UMP liquidator hits out at legal action
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Keeling's three companies go into administration
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