July 25, 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

         
Airlines:

US Airways 'side' dispute lingers
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United pushes for pension-plan help
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Bush seeks to loosen airline ownership restriction
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Delta Pilots Union Says Door Is Open For More Talks
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UAL calls for change in antitrust laws
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Carrots, Coke, Cheap Tickets
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Hawaiian Airlines lease talks extended again
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America West Faces Discord With Pilots
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U.S. Airlines Suffer Low Demand, May Lose $7 Billion This Year
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Boeing Capital Corp. tangles with airline on leases
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Former TWA Pilots Suffer Setback in Bid to Gain Seniority Rights at American
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Former Head Of France's Air Lib Under Investigation
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Accounting:

Ernst & Young to face massive Equitable claim
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Equitable wins right to sue auditor
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Family partnerships: A Tax Deal Too Good to Be True?
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Andersen affiliate settlement OK'd
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United Companies Financial Corp. suit aimed at auditors -- not company execs
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AMERICAN ONLINE may have been hyping its subscriber numbers
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NAACP Urges Congress to Reform Bankruptcy Process to Bar Fraudulent Corporations From Using System
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Bankruptcy Lawsuit on Behalf of Daewoo Motor America Against General Motors and Affiliates
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Daewoo Sues Suzuki, GM Over U.S. Sales
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Steel:

Fansteel Files Voluntary Chapter 11 Plan With Bankruptcy Court
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Law Firms:

Dallas Law Firm Leads National Satisfaction Survey
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Prosecutor under arrest
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In Severance Pay Suit Against Brobeck, Handling of Client Files May Be Key
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Merger Talks Come to End for Orrick, Cooley
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Californian mega-merger collapses
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Merger talks collapse between Orrick and Cooley
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Linklaters hires NY trio for litigation launch
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State Taxes Surge 48 Percent Mid-Year
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Safety-Kleen Confirmation Hearing Set for August 1; Voting Deadline For Reorganization Plan Extended
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MEI hoping to sell, likely to file Chap. 11 bankruptcy
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  Enron:

Judge tells Enron to take a chair
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Enron Seeks To Stop Managing Pipeline Retirees Trust
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Spiegel to close distribution, customer contact centers
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Telecoms:

Rockefeller subpoenaed in Metromedia case
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Bankrupt Connecticut-Based Telecommunications Firm Trims Year-to-Date Losses
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MCI Seeks Court Approval to Acquire Remaining Interest in Digex
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Genuity Inc Reports $334,000 Net Income For April
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Trade Creds Of WorldCom Unit Oppose Verizon Settlement
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MCI, MFN Square Their Debts
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Attorney Pleads For CLECs' Access To ILECs' Broadband Loops
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D.C. Inspectors Urge Closure Of Southeast's Only Hospital
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DeLorean's ex-lawyers can sue other lawyers alleged to have helped him change title on a 430-acre New Jersey farm
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US Bankruptcy Court Approves Emeritus Bid to Acquire Alterra
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Bankruptcy judge says Illinois can hold hearing to revoke casino license
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Las Vegas: Castaways to get new Vestin loan
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Union wants immediate Aladdin representation
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U.S. Retail Property Sector Outlk,Cautious,Stable
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Farmland says set to sell Kansas plants
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Thai Units of Read-Rite to Consolidate following Western Digital Buyout
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Wall Street:

LaBranche faces possible sanctions for its stance in resisting the New York Stock Exchange's request for e-mails
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Former Boardman, Ohio, Window Maker to Pay Creditors, End Bankruptcy
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Safety-Kleen Lenders' Dispute Threatens Turnaround Plan
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Western Digital Gets Court OK for Read-Rite Deal
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Former workers at Carleton mill win settlement
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Fleming: Military stores hurting
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How family feuds, business neglect and extravagant spending destroyed a billion-dollar fortune
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FTI posts 144 percent earnings growth, plans U.K. office
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Alterra Asks For More Time To File Reorganization Plan
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Firms Set to Launch Bidding War for Assets of Bankrupt Top-Flite Golf
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Judge limits trade in GenTek stock, debt
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Ex-Standard Automotive Execs Indicted On Embezzling Chgs
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Energy:

Ill Md. utility Allegheny gets key SEC OK
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NRG's FERC reply calls for end to Conn. power deal
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NRG Tells FERC It's Trying To Keep Unit From Liquidating
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NRG: Judge Worried Bankruptcy Loan Funds Will Go To CL&P
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Former Executives at Brentwood, N.Y.-Based Allou Healthcare Deny Wrongdoing
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Buying Assets From A Distressed Company or Debtor in Bankruptcy
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HealthSouth Case Continues to Widen
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New FDCPA bill?
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Nashville venture firms lose on bankruptcy
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Burlington Indus Objects To Holder's Push For Inquiry
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Malden Mills CEO struggles to retain control
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Minnesota Malting files for bankruptcy
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Struthers files for bankruptcy
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England:

Creditor banks go into power sector
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Insolvency rule faces final whistle
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Korea:

SK Global creditors to resume talks over bailout
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Banks Seek Injunction To Prevent Korea SK Global Delisting
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Japan:

Suicides over tough economic times hit all-time high in Japan
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Norway:

Norway sees 18% increase in Q2 bankruptcies
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Canada:

Canadian Rules Will Demand More From CEOs, CFOs And Audit Committees
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Australia:

Elliott wins hold on management ban
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Elliott seeks stay on forced resignation
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Receivers open to offers for Western Metals
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Attack on NAB over Bell heats up
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Bank valued Bell at zero before loan
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India:

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
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