June 13, 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

         
Law Firm Can Be Sued for Fraud on Client's Creditors
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The Opinion
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Airlines:

Bankruptcy Possible for Midwest
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Air Canada: the Stock That's Refusing to Die
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US Airways Chairman All Business about Fate of Pittsburgh Hub Operations
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Air Canada sales to fall $740M in 2003
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End of the Line for Allou Healthcare
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Big Risk, Big Rewards in Post-Bankruptcy Plays
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Ex-Dynegy officials indicted
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Mississippi Chemical goes bankrupt
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Global Junk Bond Default Rate Falls
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Asbestos:

Hatch blames labor for asbestos bill delay
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Lloyd's reinsurer boosts asbestos reserves
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Shares Up for Companies in Asbestos Suits
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USG Hires Firm To Evaluate Options For Chicago HQ
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Extinction of the car giants - Extinction of the car giants
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Energy:

Exelon says it might abandon Mass. power plants to creditors
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Boundless Corporation's Settlement and New Financing Gains Court Approval
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Kasper ASL:

Kellwood Co. is scooping up Kasper ASL
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St. Louis Apparel Maker Will Acquire Bankrupt Clothing Manufacturer Kasper
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Albany: Leather firm files Chapter 11
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Teach minors that credit is a major responsibility
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Phoenix: Clinic firm changes its bankruptcy
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Music Semi to emerge from Chapter 11
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  Harvey Miller talks up DIPs
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Telecoms:

XO's Icahn Boosts Bid For Global Crossing
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SEC to the rescue ... of WorldCom
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CenturyTel Completes Fiber Digital Teleport Purchase
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Lucent, others oppose Leap disclosure statement
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Worldcom Report Details Digex Transaction
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Lead bidder picked for ANC's assets
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Steel:

GE Affiliate Objects To Weirton Steel's DIP Loan Pact
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Accounting:

Auditor Communication with Audit Committees
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Improper Influence on Conduct of Audits
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Bankers Give Debt-Ridden Tower Records Some Financial Breathing Room
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Halyard Capital Fund gets Mosaic Performance
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Executives of Defunct Boulder, Colo.-Based Bank Plead Innocent to Bank Fraud
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Conseco faces hearing on exit from Chapter 11
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Baltimore: Ship repair yard files for Chap. 11, lays off 200
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Corporate Reform:

Corporate greed a cultural phenomenon
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NYSE and Nasdaq Amend Corporate Governance Proposals
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Conseco can buy Trump's half of GM Building
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Trump Has To Sell His GM Stake
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Amherst, Mass.-Based Papermaker Faces Liquidation Threat
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Denver Telecom Mogul to Get Millions in Regal Entertainment Dividend Payout
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Spokane: One of state's first wineries to close, victim of bankruptcy
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Former Divine Execs Fight Plan To Reject Their Contracts
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Law Firms:

Inside the Milberg Weiss Breakup
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Three NY Partners Defect
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Beach Trips or Sweatshops
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TV Bachelor Still Plans to Practice Law
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Stand Out in a Crowd
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Ethical and Professional Issues for Lawyers in the Post-Enron World
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Decoding Summer Dress Codes
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Ailing R.I.-Based Insurance Company Lays Off 67 Employees
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Legal setback for Philip Morris
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Thailand:

Thai court appoints finance ministry to run TPI
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England:

Telewest chief denies rumours of resignation pressure
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Telewest directors in firing line
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Cordiant pressed to test rescue plan
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Canada:

Limited protection for buyers from bankrupt stores decried
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Local bankruptcy rates remain high
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Japan:

Resona could transform role of Japanese auditors
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Korea:

Korea's SK Corp head jailed for accounting fraud
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Argentina:

Camuzzi's IEBA seeks bankruptcy protection
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