July 29, 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
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Enron:

Bank giants fined $300m over Enron
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J.P. Morgan, Citigroup Reach Settlement in the Enron Case
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Citi, Chase Settle
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Enron's Getaway Drivers
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Enron Bankruptcy Examiner Also Lays Much Blame With Banks
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A Warning Shot to Banks on Role in Others' Fraud
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Enron deception aided by CIBC
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Examiner cuts no slack for six major creditors
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Enron seeking OK to move out of tower
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Barclays denies misleading Enron investors
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Banks may lose $5 bn claims
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Enron prosecutor sees new indictment
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Fastows, Enron Prosecutors Tussle Over Trial Schedules
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DoJ,SEC passed on IRS referral to probe Enron
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Brokers lose client bankruptcy insurance
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Chairman of Insurer Conseco Now Opposes Proposed Bankruptcy Recovery Plan
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Accounting:

An accounting-oversight panel provided insights into how it will inspect, investigate and discipline accounting firms
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Arcane actuarial science widens political divide over pensions
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FASB Posts Accounting Statements on Web
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Textile CEO is hero to many
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Scammer to the stars a free man
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American Wagering gets bad hand
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American Wagering: Bankruptcy won't affect betting
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Steel:

Pension Benefit Guaranty drops WHX lawsuit
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Battered Stelco's CEO steps down
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Intelsat CFO Details Reasons For Loral Purchase
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Wall Street:

Wall St. picks up more jobs
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Former Chairman-CEO of Rite Aid Accuses Brother-in-Law of Theft
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Californian dreaming brings bankruptcy
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Couche-Tard bids for 43 stores
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After ANC win, Cerberus chases Clayton
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The rise and fall of O&Y seems not so much a story of God's will as one of humans grown too exhilarated by high-risk real estate plays
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Telecoms:

AT&T objects to rival WorldCom's bankruptcy plan
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The AT&T Objection
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AT&T accuses MCI of diverting government, other calls to Canada
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AT&T Threatens to Sue Rival MCI for Alleged Call Rerouting Scheme
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Lawmaker Hits MCI with Call Diversion Questions
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AT&T Says MCI Diverted Government Calls
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MCI's Competitors Are Quick to Make Use of Federal Inquiry
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Analysts Consider Impact of Latest MCI Allegations
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WorldCom's Capellas Was Told of Tariff Evasion
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Telecom Tangle - New Allegations Against Struggling MCI Shed Light on an Arcane Billing System
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Will Alleged Scheme Disconnect MCI?
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MCI Bondholders Become Distressed
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SBC Accused WorldCom in '02
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Verizon Is Pushing An MCI Attack
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Digex 'evaluating' MCI buyout
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As Bankruptcy Winds Down, MFN Pins Hopes On McCaw, New Name
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PSC will intervene in Touch America bankruptcy
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Law Firms:

Clifford Chance withholds profits to avert cash crisis
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Pioneering Women Lawyers in Milwaukee Area Slowly Climb Power Ladder
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Hill Wallack Announces Plans to Relocate Main Office to Trenton
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Rent-a-lawyer scheme for supermarkets
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Firms Bulks Up With Hires From Collapsing Rivals
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Firms Unite for More Health Plan Clout
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Allen & Overy is king of the hill for plateau partners
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Linklaters' pay hike pulls in New York team
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Orrick-Venture Law Group merger moves forward as Cooley Godward talks collapse
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Seyfarth Shaw favourite to win Altheimer's Frisco office
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Firms Unite for More Health Plan Clout
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Freshfields overhauls global practice heads
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Ashursts 'enshrines' lockstep
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Buyer closer to Alamo, National
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Bonus can use cash collateral
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Pillowtex hanging by a thread
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Carolina Investors creditors likely to recoup only pennies on the dollar, but other options exist
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Ross Raises Bid for Bankrupt Burlington
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Wilbur Ross Comments on Burlington Acquisition
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Roxio set to relaunch Napster by end of year
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Airlines:

Atlantic Coast Airlines will part from United, fly as independent
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United Airline 'Surprised' by Atlantic Coast Announcement
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Anti-terror subsidy gives US Airways a 2Q profit
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Holding pattern - Why airline consolidations won't happen
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Great expectations, cloudy skies
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Delta, United End Frequent-Flyer Deal
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Delta: Seen it all, faced it all
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Delta Air Offers Debt Exchange To Push Back Maturities
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Former TWA Workers Taking Brunt of Cuts at New Parent American Airlines
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1 in 5 laid off in recent recession
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$92 million last stand
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Energy:

Ailing utility sells big asset
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Petroleum Geo-Services Files For Chapter 11 In US Court
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PGS Commences U.S. Chapter 11 case with Support of Major Creditors and Certain Significant Shareholders
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NRG in talks with CL&P
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US's AES urges creditors reject Intl Power deal
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Just deeds, unjust reward
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More Employers Are Checking Workers' Credit
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Bankruptcy/Foreclosure Scam
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Rising job stress could affect bottom line
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Japan:

Japan's banking crisis stumps expert panels
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Brazil:

Bankruptcy bill no solution for banking risk
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Nearly 1,000 Brazilian municipalities on the verge of bankruptcy
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Brazilian President Lula Seeks Vote Today on Bankruptcy Law
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Thailand:

Court Puts Thai Ministry in Charge of Six Petrochemical Firm's Subsidiaries
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