June 27, 2003 

Top Executives at Enron, WorldCom Have Yet to Face Prosecution, Charges
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Disbarred Fla. Mass Torts Lawyer in Battle With Creditors Over Settlements
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Airlines:

Northwest Seeks Unions' Concessions
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Midwest Airlines to Receive $4 Million in State Aid
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FAA studying ways to help struggling airports
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Air Canada Pilots Get Arbitration Review
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Air Canada pilots win partial seniority victory
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FAA Studies Airline Bankruptcies' Impact
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Charlotte airline files for Chapter 7 bankruptcy
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Glaziers, sheet metal, glassworkers pension plan facing shortfall, subcontractor bankruptcies possible
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Seitel Announces Extension of Time to File Answer in Bankruptcy Cases To July 8, 2003
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Castaways:

Castaways gets OK for loan after filing for bankruptcy
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Mortgage Problems May Lead Las Vegas Hotel-Casino to Bankruptcy
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Debt collectors owe you respect and a fair shake
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Legal Woes Don't Crush Scrushy - Expected Trial of HealthSouth's Founder Will Test Governance Laws Passed in '02
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Bankrupt satellite imagery company seeks boost from launch
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Elan:

Elan Creditors May Trigger Early Debt Repayment
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Elan warns of collapse if SEC agreement fails
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U.S. judge commands former Texas AG Morales to stay in jail, bankruptcy possible
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Eagle Food Seeks Court OK For Sale, Auction Plan
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Adelphia stems loses
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PVI wins court approval for DIP funding
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Orion seeks approval to make payments
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Teleglobe Gets More Time To File Reorganization Plan
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Bankrupt British Office Space Firm Regus Asks Officials to Examine Speculators
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Bankruptcy looms for Macomb, MI firm
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Steel:

Weirton Steel President, CEO Resigns
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Wheeling-Pittsburgh Steel, Union Reach Tentative Contract Agreement
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Slater Steel gets court order to delay annual meeting while it restructures
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Altheimer & Gray in shock collapse
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NY Litigation Boutique Disappears as Two Top Firms Raid Partners
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Firm Freezes Salaries for Staffers
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FBI Opens Fake Law Firm in Insurance Sting
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Partner Bares All for Nude Photo Contest
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Firms Mull Merger
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Firms' Merger Called "Fantastic Fit"
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Firms' "Fantastic" Merger Triggers Ex-Partner's Million Dollar Suit
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Firm Packs Up to Take Over Brobeck's Palatial Offices
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Milberg Weiss Drops Suit Amidst Controversy - Agrees never to sue defendant again
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Trustee Criticizes Denver Financial Adviser's Plan for Solvency
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Telecoms:

Kennedy hits MCI's government contracts
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XO Tries to Woo Global Crossing Bondholders
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Senate committee passes anti-bankruptcy bidding bill
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Touch America makes plans to sell company
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Enron:

Former Enron employees welcome Labor suit
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Feds sue Enron and 21 execs
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Enron Judge Allows Firm To Sell 2 Nymex Seats
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Enron/Examiner Rpt-2: 4 Fincl Institutions Sought Delay
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Enron seeking OK on transfer of gas pipelines
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Credit Derivatives More Popular But Lack Proper Supervision
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The SEC is expected to require that firms listed on U.S. markets win shareholder approval of all stock compensation plans
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Carolina Investors closes
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Con Man's Ex Sentenced To Debt Penalty
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Energy:

Buyers may see gold in Reliant debt
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PG&E bankers win big
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Energy West gets further credit facility extension, still negotiating with creditors
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Bankruptcy Court Approves Valero Purchase Of La. Refinery
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Energy Firms Save Big Money By Exiting 'Tolling' Deals
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NRG Unit Objects To Bondholders' Plan To Sell Its Assets
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Eagle Food seeks OK for payments
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Senators Seek to Close Bankruptcy/Tax Loophole Allowing Tax Avoidance on Debt Cancellation
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Asbestos:

Hurdle cleared in asbestos bill
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The ABA Calls on Congress to Rein in Asbestos Claims
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Senate Panel Postpones Final Asbestos Bill Vote
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Asbestos/bankruptcy bill introduced
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Asbestos Fund Advances With Approval of Extra $45 Bln
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ABB May Sell Securities After Delay Over Asbestos
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Executive Hints Conseco Sought Progress in Company-Stock Program
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Resolution Opposes Using Private Firms Collection IRS Debt
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What Stockholders Must Know About Bankruptcy
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Rising Costs, Stagnant Revenues Push Atlanta Hospital toward Bankruptcy
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Judge dismisses Blue Ribbon Downs’s bankruptcy case
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NAFTA Arbitration Panel Rules Against Loewen Group
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State of California files suit against bankrupt Corbin Motors
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Dolan Media sells bankruptcy search unit
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England:

Students warned off bankruptcy loophole
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Korea:

Foreign creditors reject SK Global debt buyout plan
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India:

Warning on ratio of India's bad loans
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Indian cos turn their backs on used US power gear from bankrupt companies
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Germany:

Deutsche Bank Sues Two Former Heads
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German insurer goes bankrupt
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South Africa:

Ruling may become yardstick for liquidations industry
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Japan:

Revival body chief claims applications are flooding in
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Cyprus:

Bankruptcy law left to wait until the autumn
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