July 23, 2003 

Hawaiian Airlines filing shows finances in black
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Meals no longer included on Air Canada medium-haul flights: $12 for dinner
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Airports Grow Impatient with United Airlines over Unpaid Rent, Lease Talks
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Air Canada flew at a loss: Watchdog
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United Chief, Denver's Mayor-Elect Meet Amid Tense Airport Lease Negotiations
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Air Canada cut prices below costs, tribunal finds
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Air Canada Comments on Competition Tribunal Decision
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Law Firms:

Attorneys Project Increased Hiring in Next 12 Months: Staffing Demand Tied to Anticipated Business Growth
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Fried Frank Elects New Partners, Including Bankruptcy
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Jones Day Ranks Number 1 In Number of M&A Deals Completed Worldwide and in U.S. for the First Half of 2003
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NY Firm to Close Next Week
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Attorney Clears Hurdle in Defamation Action Against ABA
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Ex-Allou Execs Deny Wrongdoing
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Asbestos:

Halliburton gets another stay
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Halliburton Gets Stay in Asbestos Case
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Grassley Seeks Finance Committee Review Of Asbestos Bill
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Castle Megastore improves cash flow
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Adelphia gets fourth extension for filing schedules of assets
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Tobacco:

Tax $ Up In Smoke
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Telecoms:

WorldCom Examiner Wants More Cooperation
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WorldCom/Nextel license sale OK'd
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Critics blast WorldCom bankruptcy plan
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Senate Examines $750M WorldCom Fine
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WorldCom Director Assails Firm's Critics
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WorldCom Auditors Took Shortcuts
(WSJ: separate paid subscription required)

Sen. Hatch Latest to Question MCI's Bankruptcy (
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WorldCom, Metromedia Can Swap Assets
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ARRIS Announces Com 21 Purchase Agreement
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Touch America investors ask for voice in bankruptcy proceedings
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TW Wants More Time To Solicit Votes For Liquidation Plan
(WSJ: separate paid subscription required)

Bankrupt Alabama Clothing Plant Closes, 300 Jobs Lost
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Employers offer some debt-management help
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Purpose of Enron bonuses at issue
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Enron Employee Committee Seeks Recovery of $72 Million in 11th Hour Bonuses Taken by Select Enron Employees
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Bankruptcy Settlement Shows Cost of Neglecting Risk Management
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Judge decides no togetherness for Fastow cases
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Energy:

Judge Halts Sale of Mirant Stock, Bonds
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Seitel will go to Berkshire Hathaway
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Buffet to Buy Houston-Based Seismic Data Provider for Oil Industry
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NRG Energy Seeks Review of Order on Power-Supply Pact
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All Star Gas seeks protection
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Court allows PG&E to pay mortgage bondholders
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Texas Petroleum flames out
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Corporate Reform:

Corporate fraud panel issues report card
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Officials laud gains on fraud deterrence
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The Era of 'Anything Goes' CEO Pay Is Over
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Audit Committee and Board Issues in the Aftermath of Enron
(Martindale: separate free registration required)

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Recent Going-Concern Statements
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Massive Mortgage Fraud Case Shakes up California - Web of conspirators accused of complex multi-million dollar scam
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Fleming:

Megatrial Class Includes As Many As 700 Vendors
(WSJ: separate paid subscription required)

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Top-Flite:

Adidas takes swing at Top-Flite
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Callaway Golf has agreed to purchase the major assets of Top-Flite's golf business
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Adidas outdrives Callaway in bid to tee off with Top-Flite
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Steel:

U.S. Senators Lobby Bush Administration to Keep Steel Tariffs
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Stelco Seeking Cost Savings, But Mum On Details
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State program nets $11 million from deadbeat parents
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Collier Bankruptcy Case Update

Former Polaroid Gets More Time For Reorganization Plan
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Wastecorp: Late Filing of Financial Statements
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Court Approves Kellstrom Industries Reorganization Plan
(WSJ: separate paid subscription required)

Bankruptcy court seeks public input on electronic filing system
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Valley Media Gets Exclusive Plan Rights Until Aug 11
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New Bankruptcy Opinions
(No new opinions today) Case link from 7/22/2003 corrected

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Indicted bankruptcy lawyer lands a job
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Lawmakers challenge Farmland deal
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Open Prairie affiliate buys Argus Systems
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Accounting:

Tough Job for an Accounting Cop
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IRS cracking down on tax loopholes
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Tax-Shelter Crackdown: Mere Theater?
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Ernst & Young Resigns As Daisytek International Auditor
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Class-Action Status Sought Over Tax Advice
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PwC grows forensic accounting arm
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Georgia plastics maker blocks creditors
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Bankruptcy Judge To Determine Fate Of Equipment Used At Read-Rite
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Glass Fiber Workers at Bankrupt Aiken, S.C., Plant May Strike over Benefits
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Korea:

SK Telecom investors angered by Posco buy
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SK Telecom's equity purchase sparks controversy
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SK strife spreads to telecoms
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Canada:

Vicwest's Protection Under CCAA Extended Until Aug 12, 2003
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England:

Crunch time for Cordiant
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Decision day for Cordiant
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Parisian Socialite Ojjeh's Stake In Cordiant Sparks Speculation
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Le Meridien Rescue Waiting On Senior Debt Holders
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Australia:

Bank 'greed' fired Bell plan
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Hired goons take debt collection to extraordinary heights
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Keeling settles to avoid bankruptcy
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Keeling's bond: 1c per $1
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Japan:

American to chair Japan's Aozora
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Brazil:

Brazil Bankruptcy Bill May Cap Workers Claims on Companies
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Thailand:

Investor Proposes Discounted Debt Buy-Back for Thai Petrochemical Unit
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