January 3, 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

         
Enron:

J.P. Morgan settles Enron lawsuit with insurers
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Enron Deals Cost J.P. Morgan; Bank Plans $1.3 Billion Charge
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Rubin cleared in Enron probe
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Travelers Property Casualty Corp. Advisory to Editors: Comment on Settlement Agreement With J.P. Morgan Chase& Co.
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Eleven Insurers to Pay J.P. Morgan $500 Million
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JP Morgan Trial Seen Helping Enron Investors' Case
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Ex-Enron tower shines, but still short of tenants
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Senator raps 'shocking' bank deals
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'Crooked E' Is One for the Shredder
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Hollywood Stretched Truth about Enron Scandal for CBS Movie, Writer Says
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Holliday Fenoglio Fowler Closes Enron Center South Sale at $102 Million
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Bankruptcy specialist in ticket trouble
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Bankruptcy exits
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Energy:

Allegheny sells two units to Constellation Energy
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PG&E considers dam sales in face of economic woes
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Bibelot deal with creditors crumbles
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Developer bids $4.3 million for final Jacobson's
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Meet the Freight Fairy - Trying To Save Roadway Express From Bankruptcy
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Court Approves Previously Announced Settlement Agreement and Dismisses Antitrust Litigation Against Hillenbrand Industries
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Economy:

The economy stinks - until you consider 1992
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Bush to unveil economic stimulus package
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Signs of a Rebound in U.S. Economy?
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Bush Is Poised to Disclose Economic Stimulus Plan
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Lessons Learned in Pink-Slip Hell
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Corporate Reform:

CEO departure rate slows
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Insilco: Tale Of A Tarnished Image
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Farmland to cut Kansas refinery output, cites Venez
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Sleepmaster Wins Interim OK Of Insurance Financing Deal
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  Airlines:

UAL bondholders seek plane payments
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Bankrupt United plans $50M ad campaign
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UAL Secured Creditors Want To Form Committee
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UAL Noteholder Panel Seeks Protection For Collateral Loss
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UAL creditors form own committee
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United feels new creditor pressure
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Group of United Air Lines' Creditors Represented By Akin Gump Strauss Hauer & Feld LLP Form Unofficial Committee to Respond to United's Restructuring Proposals
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Partners in Flight
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Judge set to rule on United contracts - Machinists union takes stand; creditors band together
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Airlines cry poor but offer fare cuts
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As a US Airways unit, Midway resumes flying
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US Airways, GE reach deal to aid airline after bankruptcy
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US Air, Revenue Bond Trustee In Pact Over $22M In Funds
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United Airlines Seeks Exit from Vail, Colo.-Area Airport Lease
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US Airways Gets Key Infusion
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Retailers Struggle after Disappointing Holiday Season
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Accounting:

KPMG criticized for conflict of interest
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IRS to seek fat targets in returns
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E&Y partners out of pocket
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PricewaterhouseCoopers Adopts LLP Status
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PwC completes LLP transition - The Big Four firm completes the transfer, but is not wholly satisfied
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Judge: Accounting Firm Must Release Docs
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Law Firms:

Manatt Phelps Acquires New York Firm
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45 Under 45
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The 2002 O.J.s - Honors for outrageousness and stupidity in the law
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Husch & Eppenberger merges with Memphis firm
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Blank Rome shortens its name
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Baker & McKenzie ramps up in Indonesia
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Cadwaladers lawyer joins Nomura as head quits
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New Bankruptcy Opinions
(3 new opinions 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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Magellan Health gains another lender extension
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Bankruptcy Business Booms in Chicago
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Kronish Lieb Names New Bankruptcy Partner
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No end in sight to big-name bankruptcy surge
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Telecoms:

WorldCom's MCI to Boost Rates Again
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WorldCom to rise from ashes
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WorldCom rejects Intermedia lease
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Telephone charges jacked up / MCI, AT&T raising long-distance rates
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Long Slump Likely to Bring Consolidation to Telecommunications Industry
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Telecoms Stocks Surge in New Year Rally
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Gilat Clarifies Financial Status
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Adelphia Sues Three Nashua, N.H.-Area Towns
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GAO: Medicare Pays Nursing Homes More Than Enough
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Advisory Board to Make Recommendations on Treating Orphan Mine Discharges Resulting From Bankruptcies
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US company downgrades set record in '02
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Creditors of San Diego Software Firm Peregrine Want to File Plan for Reorganization
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Yet Another Gay Pride Fest Declares Bankruptcy
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AmeriKing Seeks Approval Of Retention, Severance Plans
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Steel:

Way cleared for steel mill to reopen
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Oakwood Homes Corporation Receives Court Approval To Finalize $215 Million DIP Facility
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Canada:

Everything pointing to bankruptcy for Senators
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Fleet skates out of hockey deal
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Manley lobbied bank chief to arrange Senators bailout
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Saving Sens vital for NHL
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Solomon Islands:

Solomon Islands: bloodied and bankrupt
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