July 24, 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Prime Succession files for Chapter 11 protection in Florida
(DBN Subscription Required)

DIP Dimensions: Touch America Holdings Inc.
(DBN Subscription Required)

Enron:

Enron workers sue over lavish bonuses
(DBN Subscription Required)

Ex-Enron Employees Sue to Recover Last-Minute Bonuses
(DBN Subscription Required)

__________________

Is Eastman Kodak the next Polaroid?
(DBN Subscription Required)

Conseco:

Conseco judge keeps quiet on reorganization plan at hearing
(DBN Subscription Required)

Conseco Bankruptcy Case Comes into Focus
(DBN Subscription Required)

______________________

Pennsylvania Banking Chief Vows Crackdown on Abusive Lenders in State
(DBN Subscription Required)

Airlines:

Ansett Worldwide seeking USD110m in damages from Hawaiian Airlines
(DBN Subscription Required)

UAL Seeks a Bill to Stretch Out Minimum Funding for Pensions
(WSJ: separate paid subscription required)

AMR's Annual Bonus Plan Offers Nothing to Top Two Executives
(DBN Subscription Required)

Cuts by Airlines Test Patience of Workers
(WSJ: separate paid subscription required)

Insurgent Minneapolis-Based Union Aims for American Airlines Vote
(DBN Subscription Required)

Talk Between Delta, Pilots Break Down
(DBN Subscription Required)

____________________

Green Tree Settles Lawsuit for $12.5M
(DBN Subscription Required)

Kellstrom unsecureds eke out recovery
(DBN Subscription Required)

Energy:

NRG takes contract case to new court
(DBN Subscription Required)

FERC Asks NRG To File Plan For Continued Power Plant Ops
(DBN Subscription Required)

Court Approves NRG's Sale Of Gas Turbines To Chinese Co
(DBN Subscription Required)

Texas Petro tries to regroup
(DBN Subscription Required)

Dahlberg: No regrets on Mirant
(DBN Subscription Required)

____________________

Farmland:

Smithfield defends Farmland deal
(DBN Subscription Required)

Farmland hopes to sell refinery to East Coast group
(DBN Subscription Required)

Farmland Industries Seeks Sale of Coffeyville, Kan., Oil, Fertilizer Plants
(DBN Subscription Required)

____________________

Bankruptcy court asked to reject financial adviser's case
(DBN Subscription Required)

Federal pension insurer at 'high risk'
(DBN Subscription Required)

Fitch: Defaults Down 69%; Recovery Rates Up 50% In Promising First-Half 2003
(DBN Subscription Required)

Bankruptcy filing complicates workers' chances at back pay
(DBN Subscription Required)

The Struggle in Store for Sears
(DBN Subscription Required)

Court OKs sale of Alterra
(DBN Subscription Required)

FTI Consulting, Inc. Announces Record Second Quarter Results
(DBN Subscription Required)

FSS follows Indigo into bankruptcy
(DBN Subscription Required)

 

  Letter from Delaware
(DBN Subscription Required)

Law Firms:

Clifford Chance ranking slips in US prestige survey
(DBN Subscription Required)

The return of the "all nighter"
(DBN Subscription Required)

Shearmans cuts London cost of living allowance
(DBN Subscription Required)

Brobeck Phleger Accused of Risking Client Privacy During Final Days
(DBN Subscription Required)

Avoiding the Andersen syndrome: What law firms can do to make sure their good name continues to be upheld
(DBN Subscription Required)

Survey Shows General Counsels' Pay Soared Last Year
(DBN Subscription Required)

Kobe Bryant's Legal Team Well-Respected
(DBN Subscription Required)

Firm Raids One Rival, Eyes Others in Launching New Office
(DBN Subscription Required)

Ashursts gets ready for partner election battle
(DBN Subscription Required)

Solid grounds for an appeal
(DBN Subscription Required)

Chicago's Sidleys opts for LLP status
(DBN Subscription Required)

Kilpatricks takes 25 from Altheimers
(DBN Subscription Required)

McDermotts scores with PwC tax expert hire
(DBN Subscription Required)

General counsel cannot escape responsibility for corporate failures
(DBN Subscription Required)

The future of bonuses?
(DBN Subscription Required)

NY Lawyer Sues Over State Tax on Non-Resident Partners
(DBN Subscription Required)

Firm's partners at odds over plan limit to cap on cap suit damages
(DBN Subscription Required)

Skaddens hires Japanese M&A head
(DBN Subscription Required)

Fried Frank loses DC partner duo
(DBN Subscription Required)

Veteran Clifford Chance media head quits for DC firm
(DBN Subscription Required)

Cadwaladers partner jumps to Pillsburys
(DBN Subscription Required)

McGuireWoods nabs Milbanks bankruptcy partner
(DBN Subscription Required)

White & Case forms alliance with Rome boutique
(DBN Subscription Required)

Kirkpatrick & Lockhart Bolsters Its Boston Office Corporate Practice
(DBN Subscription Required)

New York Bar ends state barriers
(DBN Subscription Required)

_________________________

Corporate Reform:

Founder of ImClone in minimum-security prison
(DBN Subscription Required)

Drive to Restrict States' Regulatory Powers Falters in House
(DBN Subscription Required)

Sarbanes-Oxley Affects Suits Little, Study Says
(WSJ: separate paid subscription required)

SEC Leaves Funds Unspent
(DBN Subscription Required)

________________________

Western Digital bid saves Read-Rite jobs
(DBN Subscription Required)

'God's banker' case re-opened
(DBN Subscription Required)

Las Vegas Leisure Industries company to be liquidated
(DBN Subscription Required)

Ohio mortgage scam bilked buyers and lenders
(DBN Subscription Required)

Online marketer LTWC to send last e-mail
(DBN Subscription Required)

Misled Investors May Get Retribution in Penny Stock Promoter Case
(DBN Subscription Required)

 

 

 

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Top-Flite:

Russell sizes up Top-Flite
(DBN Subscription Required)

Callaway designated 'stalking horse' for Top-Flite
(DBN Subscription Required)

Judge Says No Breakup Fee In Top-Flite Auction Rules
(DBN Subscription Required)

_________________

Bankrupt delivery-truck maker gets new owner, new future
(DBN Subscription Required)

Asbestos:

WR Grace Seeks Fifth Extension To File Chapter 11 Plan
(WSJ: separate paid subscription required)

______________________

Accounting:

7th Cir. Orders Accountant to Name Shelter Investors
(NYT: separate free registration required)

____________________

Appeals court sends Mosler mismanagement lawsuit back to state court
(DBN Subscription Required)

Penn Traffic Hires Advisory Firm as Restructuring Guide
(DBN Subscription Required)

Telecoms:

Underwriters of WorldCom Bonds May Be Sued
(DBN Subscription Required)

Senate WorldCom Bankruptcy Hearing presents opposing views
(DBN Subscription Required)

San Diego-Based Bankrupt Wireless Company LeapTangles over Value of Assets
(DBN Subscription Required)

WorldCom: Rivals Slashed Prices
(NYT: separate free registration required)

PSC votes to intervene in telecom bankruptcy
(DBN Subscription Required)

_______________________

Court Approves Network Access Disclosure, Sets Vote Date
(DBN Subscription Required)

The cookie crumbles at Just Desserts
(DBN Subscription Required)

England:

Cordiant Shareholders Agree to Takeover by Rival WPP, Avert Bankruptcy
(DBN Subscription Required)

Active Value threatens to sue Cordiant directors over losses
(DBN Subscription Required)

Cordiant Buyout Angrily Approved by Shareholders
(NYT: separate free registration required)

Group ‘traded insolvently’
(DBN Subscription Required)

Britain in debt
(DBN Subscription Required)

_________________

Australia:

Receivers Appointed To Australia's Western Metals
(DBN Subscription Required)

Bell liquidator hits at banks' defense
(DBN Subscription Required)

________________

Brazil:

Brazil's House Removes Bankruptcy Bill From Voting Agenda
(WSJ: separate paid subscription required)

______________________

Korea:

SK failure triggers row
(DBN Subscription Required)

SK Global's Korean Creditors Agree on Receivership
(DBN Subscription Required)

________________________


Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

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