July 30, 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

         
Allou Creditors Go to the Tape
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Enron:

SEC now has $324M to pay Enron victims
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Banking Giants Further Tangle the Enron Cases
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Enron Plaintiffs' Imperfect Ammunition
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Enron Guatemalan payments are scrutinized
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Former Guatemalan president denies knowledge of payments by Enron
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3rd Examiner's Report - Appendices: A, B, C, D, E, F, G, H, I, J
(Large Adobe downloads)

Skeptical CIBC still did Enron deals
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Bankers ought to pay price for Enron
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Newest autopsy implicates Wall St in Enron collapse
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CIBC may lose out on Enron
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Banks' complex trades helped Enron mask debt
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Banks take steps to cut Enron-style risks
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Willumstad says Citigroup won't reprise Enron role
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Barclays Denies Cheating Enron Investors
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Barclays Bank Faces $5 Billion Claims Blow Due to Enron Scandal
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Police get aid fighting identity thefts
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Law Firms:

Two setbacks for lawsuit financing
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Dickie, McCamey buys Harrisburg law firm
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Suit Against Law Firm Over Litigation Tactics Revived - "hiding documents, obstructing discovery and fabricating privilege claims"
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California Bar OKs Easing Restrictions on Out-of-State Lawyers
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Sidley bankruptcy ace takes up Dreier post
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Managing Partner Faces $450 Million Malpractice Suit
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Partnership Retreats
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Capital Considerations
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How Law Firm Owners Can Guarantee Future Partners Stay Put After the Downturn
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Firm Finances
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Client Service
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Rainmaking
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Overhead
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Technology
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Temporary Attorneys
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Return On Investment
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New Data Suggest Law Firm Owners Continue to Deftly Defy the Listless Economy
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Steel:

Stelco shares up on CEO's departure
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Bill collectors must 'play fair'
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Chicago-Based Kids' Sleepwear Maker Seeks Assets of Bankrupt Kent of Maine
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Texas Queen Riverboat Emerges From Troubled Waters
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  Energy:

Exelon to give lenders ownership of 3 power plants
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Williams Settles Bogus Trading Allegation
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Kasper:

Jones Keeps Up
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Fights of fashion
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Farmland:

Farmland's Kan. Plant Draws More Interest
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Farmland won't cover cost for refinery shopper
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Airlines:

Analysts Skeptical of Dulles, Va.-Based Airline's Separation from United
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United may be left scrambling for small-town connections
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Ross wins auction for Burlington
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Bankrupt Hospital in Woodland Hills, Calif., to Begin Closing
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Radisson sale stalled by bankrupt suitor
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Commonwealth Court Grants PA Insurance Department's Petition For Legion and Villanova Insurance Companies
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Dean blames economic woes on Bush policy
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Aladdin posts $4.9 million loss
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World's First Online Debt Collection Agency Announced
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Asbestos:

Court of Appeals Holds Major Asbestos Companies Jointly and Severally Liable for $120-million
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Walter Industries Buys Its Shares From Asbestos Trust
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Federal-Mogul swings to loss; restructuring continues
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Allou creditors rip Chapter 7 try
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Accounting:

Huron Consulting Group Releases 2003 Restatements Results
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Sarbox Sign-Offs on Financials Trickle Down to Other Finance Staff
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Accountant, auditing firms feel the pinch: New regs resulting in loss of revenue, intense scrutiny
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Internal auditors wield greater power under new federal law
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Crowe Chizek absorbs Kruse & Associates
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Bankrupt Music Network To Close 36 Stores
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A Sick Hospital
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Fantastic Sams sold in bankruptcy for $17 mln
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FL: Hotel Escalante files for Chapter 11 bankruptcy
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Bankruptcy: What's a creditor to do?
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Corporate Reform:

Investors Wrestle with Questions over Corporate Reform
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Report Highlights the First Year of Sarbox
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New SEC: More Staff, More Funds, More Fight
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Telecoms:

WorldCom probe touches on root of phone feuds
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Under WorldCom's Latest Cloud
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WorldCom hires law firm in probe of routing
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Verizon, WorldCom settle on claims
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WorldCom CEO Was Told of Tariff Evasion, Letters Show
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Accusations Against MCI Could Drive Clients Away
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Rep. Tauzin To Hold Hearing On New WorldCom Allegations
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MCI fires back at rerouting fraud claims
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$143M Bid for Former WorldCom HQ on Bankruptcy Court's Desk
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MCI starts probe of alleged fraud in call routing
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MCI Allegations Show Need to Reform Telecom Rules, Say Experts
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Gray Panthers: Scheme to Undermine Pensions Exposes WorldCom/MCI Hypocrisy About 'Protecting' Workers
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A ringing endorsement of fraud
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WorldCom probe linked to old feud
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Cingular to Pay $1.4 Bln for NextWave Licenses
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Leucadia Pulls Offer to by Rest of WilTel
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Worldwide Wireless Networks Plans to File for Liquidation
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Consumers Intervene in Bankruptcy Case for Butte, Mont.-Based Touch America
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England:

Power cuts 'on the way'
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Soaring debt fuels fear of consumer crisis
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Consumer binge adds 10bn to borrowing
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Lehman set for 100m rescue of Meridien
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The dome: new delay, new doubts
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Canada:

CFL takes over troubled Argos
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Imperial PlasTech Gets CCAA Extension
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Polyphalt Announces Filing of Notice of Intention to Make a Proposal
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Indonesia:

Govt drafts new law on corporate restructuring
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Japan:

Institutions banking on BOJ's ABS purchase
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Thailand:

Thai TPI Polene, Creditors To Continue Debt Talks Aug 13
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Korea:

SK Global Delays Oil Trading Restart To August
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Foreign creditors agree SK Global debt plan
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