June 5, 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

         
Asbestos:

Democrats pan asbestos bill
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Hatch Pushing for 'Asbestos Court'
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Labor Accepts Hatch Invite to Talk on Asbestos
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Hatch says time running out on asbestos bill
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Sen. Leahy Wants More Talks on Asbestos Bill
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Hatch attempts to broker deal on asbestos claims
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Owens Corning delays hearing
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Trial Lawyers Say Insurers Get 'Deal of Century' With Hatch Asbestos Bill
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Asbestos ban likely to end up asbestos bill
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Armstrong eyes Chapter 11 exit after statement OK
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Disciple of doom
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Wallace's ex-CFO must return bonus - "a raid on the corporate treasury"
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'A Civil Action' attorney now fights company that bought his debt
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Enron:

Judges call for new Enron mediator after one week
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FERC to act by late July on trading case
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Lawsuit On EOTT, Shell Pipeline Dispute To Begin Monday
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Court approves loan for bankrupt DirecTV Latin America
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New Am Health readies for liquidation
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Law Firms:

Law firm lines up to pick over TAG bones
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Ashursts set to overhaul partner lockstep system
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Less Is More at Law Libraries
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Ashursts e-mail leads to client confidentiality row
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Winstons leaves door open to London deal
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Dechert takes over US rivalís Palo Alto office
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Pillsbury hires Wilson Sonsiniís New York co-founder for East Coast push
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EBSCO Finalizes Acquisitions of RoweCom U.S.A., Australia and Canada
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Auction set for Buster Brown
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New England-based Cheveux Seeks to Acquire Fantastic Sams
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Wall Street:

NY AG Spitzer:Congress Bills Will Worsen Wall St Conflicts
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Strouds creditors want answers
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  DIP Dimensions: Weirton Steel Corp.
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Letter from Delaware
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Airlines:

AMR Leads Surge in U.S. Airline Shares
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United Targets Travelers in Ad Campaign
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Airport is suing for United money
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Hawaiian Air pilot files claim against bankrupt carrier
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Airports Feel the Carriers' Pain
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Northwest says will use cash if it buys back preferred stock
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Air Canada eyes foreign capital for equity
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Delta CEO sees turbulence continuing in '04
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Martha Stewart:

The Martha Mess Becomes a Monster
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Martha Stewart Arrested on Nine Counts
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More aggressive legal strategy used
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The Indictment
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Telecoms:

Behind Icahn's Global Crossing Bid
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WorldCom/MCI Stockholders' Boycott Gathers Strength
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Bankruptcy Judge OKs WorldCom's Contract
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Nextwave And The Implications Of A Broad Interpretation Of Bankruptcy Code Section 525(A)
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Pacific Crossing sale approved
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MCI Chief Feels Fraud Was Limited
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Yet Another Telecom-Related Audit Blunder
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Four Adelphia Board Members to Resign
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EMI sues Bertelsmann over Napster
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Worth Media:

Worth Media seeks quick sale
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Chap. 11 for Worth Media
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Cerberbus named ANC lead bidder
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Pameco bankruptcy to hurt PE firms
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Risky Investments by Doctors Often Leave Their Finances in Critical Condition
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Court Rules For Amer Wagering In Interest On Judgment, Company Considering Bankruptcy
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Icahn may take all of Philip Services
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Time hasn't healed all wounds from Orange County bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Energy:

Mirant Equity To Remain Intact Under Reorganization Plan
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Fleming claims it's excused from postpetition WARN Act obligations
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Key3Media says court backs reorganization plan
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Epiq shares continue to fall after analyst's report
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Nightclub dispute ends with bankruptcy judge's order to close
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Philadelphia: Stein's lawyer - Restaurants can rebound
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Accounting:

Top McKesson exec indicted in accounting fraud
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Judge Approves KPMG Rite Aid Settlement
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American Financial Group tax evader gets 30 months in jail
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Anker Coal chief leaves after less than one year
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Korea:

SK Global bailout plan hits snag
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Singapore:

Be stricter with bankrupts? It depends on conduct
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Canada:

Sun Life to request retaining merger ban - Bank-insurer deals haven't paid off
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Germany:

Saban's foray into Germany halted
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Saban limps away from Kirch deal
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Australia:

Elliott less culpable, judge says
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Elliott says he can't afford to pay fines or compo
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Growing concern over lawless, near bankrupt islands
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Japan:

Memo suggests FSA horseplay
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FSA chief pledges to probe audit claims
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China:

Updating bankruptcy laws
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