June 6, 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

         
Paper Warehouse wins interim DIP access
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Roundy's gets Fleming supermarkets
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Bankruptcy Reform:

Almost Three Quarters of Americans Support Tougher Bankruptcy Laws and If Enacted, 79% Would Be Less Likely to File for Bankruptcy
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Sale of Divine business unit complete
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Government Investigators Criticize Shipbuilding-Industry Loans
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Law Firms:

In a First for Feds, General Counsel Is Indicted for Fraud
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The Numbers Game
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Pillsbury hires Wilson Sonsiniís New York co-founder for East Coast push
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Founder of NY Satellite Defects
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AmLaw 100 Firm Eyes Second Merger Within a Year
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Boston giant to acquire LA boutique
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Enron:

Prosecutors ask judge to hasten Lea Fastow trial
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Judge Backs Out As Mediator in Enron Case
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Daisytek Intl Corp Gets Delisting Notice From NASDAQ
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Union Acceptance Reports Filing of Plan of Reorganization; 2002 Financial Results
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Elder-Beerman hears from a 2nd bidder
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Tricord Systems, Inc. Plan of Reorganization Confirmed
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Federal Pension Benefit Guaranty Corp. Takes Over Trucking Firm's Pensions
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Judge approves sale of Ecusta paper mill
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June 27 shutdown day for Conseco
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  Suitors eye Princeton Video
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Airlines:

Indianapolis Airport Sues Bank to Recover Funds from United Airlines' Facility
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For frequent fliers, more miles and fewer seats
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Telecoms:

Former WorldCom chief plays role in artificially boosting revenue: report
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General DataComm to Auction Off Unneeded Items
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Bankruptcy Court Judge Told That WoldCom Fraud Was Widespread and That SEC Failed to Act on Report of Abuses
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WorldCom contracts under GSA investigation
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Diverse Group of 8 Organizations Urge Bankruptcy Judge to Reject SEC Settlement, Create 'Independent Watchdog Group
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Lobbyists Fight In Congress Over MCI Bankruptcy Tax Gain
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Bankruptcy Court OKs Sale Of Global Crossing Unit To Pivotal Telecom For $63 M
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Thomas Weisel Capital wins Key3Media
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Energy:

NRG Energy Units File for Chapter 11 Protection
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NRG seeks prompt FERC ruling on Conn. power deal
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NRG: FERC CL&P Order Threatens Access To $250M Loan Pkg
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Creditors accept America TV restructuring plan.
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Third Group Enters Bid for Bankrupt Aladdin Resort in Las Vegas
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DoveBid to Conduct 4-Day Webcast Auction for Fleming Companies, Inc.
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Orchestra board is to meet Monday to weigh bankruptcy
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Asbestos:

Halliburton delays Chapter 11 filings - Pushing back unitís bankruptcies as part of asbestos pact
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Halliburton Updates Status of Proposed Global Settlement
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AIG's Greenberg: Asbestos Bill Won't Pass
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Owens Corning Pushes Back Plan Disclosure Hearing To Aug
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Insurer doubts viability of asbestos claim
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Consolidated Freightways Auctions Its Office Equipment
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England:

Bidders circle ailing Canary Wharf
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Wimbledon Soccer Club Seeks Protection from Creditors as Fans Desert
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Switzerland:

More bankruptcies
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Australia:

Corporate culture rot starts at the top
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Bulong's $600m debt double earlier estimates
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Germany:

Germany's tough restructurer leaves the stage
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Thailand:

Creditors of Bankrupt Thai Steel Firm Seek Redress
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