July 8, 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

         
Telecoms:

WorldCom Pact Approved - includes corporate governance measures
(DBN Subscription Required)

WorldCom's SEC settlement approved
(DBN Subscription Required)

Judge Oks Worldcom's $750m Fine
(DBN Subscription Required)

WorldCom's fine kept low to ease pain to employees
(DBN Subscription Required)

WorldCom to pay record fine
(DBN Subscription Required)

Watchdog Blasts Decision in WorldCom Case
(DBN Subscription Required)

WorldCom Cuts Outlook for 2003-2005
(DBN Subscription Required)

MCI Files Supplemental Disclosure Statement
(DBN Subscription Required)

Asia Global trustee proposes advisers
(DBN Subscription Required)

More Delays For Global Crossing Suitors
(DBN Subscription Required)

____________________

HealthSouth:

HealthSouth pins hope on number of lawsuits
(DBN Subscription Required)

HealthSouth Asks Creditors for More Time
(NYT: separate free registration required)

HealthSouth may avoid bankruptcy
(DBN Subscription Required)

HealthSouth fights bankruptcy
(DBN Subscription Required)

HealthSouth Turnaround Consultant Jabs Founder
(DBN Subscription Required)

HealthSouth Says Its Auditor Has Found Big Misstatements
(WSJ: separate paid subscription required)

HealthSouth's Plan for Survival Comes With No Assurance
(DBN Subscription Required)

HealthSouth Says Probes Could Lead to Chapter 11
(DBN Subscription Required)

___________________

The Fall of Allied Devices
(DBN Subscription Required)

Desa Intl Asks Crt For More Time To File Turnaround Plan
(WSJ: separate paid subscription required)

White Paper on Bankruptcy Crimes

Switzerland pledges cooperation in combating money laundering
(DBN Subscription Required)

Redback:

Debt holders seize Redback
(DBN Subscription Required)

Redback may file prepackaged Chapter 11
(DBN Subscription Required)

Another Setback for Struggling Redback
(DBN Subscription Required)

Redback Wants Creditors to Get Most of Shares
(DBN Subscription Required)

Redback says only debt restructuring can avert bankruptcy
(DBN Subscription Required)

________________________

Bankrupt energy provider TCE files antitrust lawsuit
(DBN Subscription Required)

Safety-Kleen Gets OK To Pay Lender Fee To Get Exit Loan
(WSJ: separate paid subscription required)

Beware the Bargains
(DBN Subscription Required)

Recent Going-Concern Statements
(DBN Subscription Required)

Laid Off Workers Sue Executives of Butte, Mont.-Based Power Company
(DBN Subscription Required)

Another Lawsuit Filed in Reliance Insurance Liquidation
(DBN Subscription Required)

Alterra:

Alterra creditors seek trustee
(DBN Subscription Required)

Alterra Healthcare Corporation: Creditors Committee Motion Not Expected to Delay Reorganization Process
(DBN Subscription Required)

____________________

  Adelphia:

Adelphia bank suit features old adversaries
(DBN Subscription Required)

Adelphia, Creditors Allege Banks Aided Rigas Fraud
(DBN Subscription Required)

UK banks named in $5bn Adelphia lawsuit
(DBN Subscription Required)

Adelphia's Banks Hit With $uit
(DBN Subscription Required)

Banks Sued for Lending to Adelphia
(DBN Subscription Required)

Adelphia Commun Equity Holders To Join In Suit Vs Banks
(WSJ: separate paid subscription required)

_____________________

Law Firms:

El Paso Settlement Includes Up to $60M in Fees for Plaintiffs' Firms
(DBN Subscription Required)

Court Jester Turned Comedy Writer
(DBN Subscription Required)

Big Litigation Firm Found to Have Acted Unethically - Ordered to Pay $36 Million
(NYT: separate free registration required)

Connecticut's Top 10
(DBN Subscription Required)

Altheimerís London office notches up ninth departure
(DBN Subscription Required)

Nearly 8 of 10 U.S. Lawyers Favor Globalization of Law
(DBN Subscription Required)

Revealed: Altheimer's $30m debt mountain - Former partners set to sue
(DBN Subscription Required)

KLegal founder walks out
(DBN Subscription Required)

German lawyers walk out from EY, PwC firms
(DBN Subscription Required)

McFaddens allies with Steel Hector
(DBN Subscription Required)

White & Case hires Clifford Chance partner
(DBN Subscription Required)

___________________

Asbestos:

Reorg ruling key to ABB's fate
(DBN Subscription Required)

___________________

Energy:

Calif. negotiator defends PG&E bankruptcy deal
(DBN Subscription Required)

_____________________

Lady Baltimore hires N.Y. firm for liquidation
(DBN Subscription Required)

Conseco bankruptcy hearing resumes
(DBN Subscription Required)

Court Decision Could Strip Assets From Legion Group's Liquidation Estate
(DBN Subscription Required)

Creditors Want New Trustee For Allou Distributors
(WSJ: separate paid subscription required)

Accounting:

Early birds
(DBN Subscription Required)

Ernst & Young sold the same type of controversial tax shelter used by Sprint executives to at least dozens of other individuals
(WSJ: separate paid subscription required)

Symbol's Co-Founder, Chief Counsel Resign
(DBN Subscription Required)

Ernst & Young: SEC's Request is 'Outrageous'
(DBN Subscription Required)

Sarbox Costly? Yes It Is, No It Isn't
(DBN Subscription Required)

SEC Appeal Seeks to Bar Auditors
(DBN Subscription Required)

_______________________

Indianapolis Orchestra Struggles with Mounting Financial Woes
(DBN Subscription Required)

Calico Commerce Gets Bankruptcy Court OK Disclosure Statement
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Airlines:

Few cheers for Hawaiian Air trustee
(DBN Subscription Required)

United asks for bonuses to keep tech employees
(DBN Subscription Required)

United Airlines' American-style July 4 Celebration: Slush Fund for 'Key Employees
(DBN Subscription Required)

Union assails United's plan for bonus pay
(DBN Subscription Required)

Morale low at American in wake of layoffs, pay cuts, long hours
(DBN Subscription Required)

Unions expect Air Canada to provide update on pension deficit this week
(DBN Subscription Required)

Air Canada, GE Capital reach deal
(DBN Subscription Required)

Midwest Airlines' Frequent-Flier Program Likely to Honor Miles
(DBN Subscription Required)

_____________________

Denver: Hoover house to sell for $1.2M
(DBN Subscription Required)

Petals Working Through Chapter 11
(DBN Subscription Required)

Steel:

Stelco, Union To Discuss "State Of Company" And Concessions To Avoid Bankruptcy
(DBN Subscription Required)

______________________

Globe Metallurgical Creditors Ask To Examine Deal Papers
(WSJ: separate paid subscription required)

Indiana bankruptcies set to break record
(DBN Subscription Required)

M.A. Gedney Files Reorganization Plan
(DBN Subscription Required)

Philip Svcs Seeks OK Of $35M DIP Loan From Icahn Affiliate
(WSJ: separate paid subscription required)

England:

Equitable repot may not appear in full
(DBN Subscription Required)

________________

Korea:

SK Global Overseas Creditors Seek $216 Million More
(DBN Subscription Required)

Korean Creditors Prepare For SK Global's Court Receivership
(DBN Subscription Required)

____________________

Japan:

Japan cracks down on loan sharks
(DBN Subscription Required)

Potential Buyers of Japanese Retailer Down to Three U.S. Firms
(DBN Subscription Required)

_____________________

Thailand:

State-backed planning team wins approval Several foreign banks abstain, some opposed
(DBN Subscription Required)

Thai Petrochemical creditors back plan
(DBN Subscription Required)

____________________

Argentina:

IEBA creditors to present claims by Sep.5
(DBN Subscription Required)

Workers in Argentina Take Over Abandoned Factories
(NYT: separate free registration required)

__________________

Australia:

Australian Bankruptcies Decline 4% In 2Q Vs Yr Earlier
(WSJ: separate paid 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