June 9, 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

         
Airlines:

Brace for airline turbulence
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A tax-free way to help airlines
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A hard one to handicap
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Flying on fumes - A costly pilots contract, the dot-com meltdown and a failed merger put United in a tailspin and sent executives scrambling to recover
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United's Bankruptcy Exit up in Air
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United cutbacks hit regional affiliates
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Delta's pension tab rises
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Cheap service may not save Midwest Air: Experts question airline's ability to compete
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Delta Air Lines Acknowledges Cost of Plan to Protect Executive Pensions
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Mojave purgatory serves as key airline industry indicator
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Roddey: US Airways must give flight, job assurances for aid
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Air Canada strives to reach deal on leases
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National airlines set to fly the flag into the sunset
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Former executives sue Comdisco
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Bankrupt Wilmington, N.C.-Area Cargo Handler Arrives at Creditor Payment Agreement
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Energy:

FERC ruling expected to favor NRG
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Former CEO of Oil, Gas Data Company Sued by SEC
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Baltimore's CorMed shuts down
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Washington Grp has bright prospects after bankruptcy
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Alabama tech school sued by students seeks bankruptcy
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Red flags, red ink fail to stop college's $10.5 million loan
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DirecTV Latin America gets $300M DIP
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Empire on the brink
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Will shoppers stand by Martha?
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Paper Warehouse wins interim DIP access
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Plucked from bankruptcy, Nesbittaire goes full throttle
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In Sickness and in Health, But What About the Debt?
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Sheffield Pharmaceuticals, Inc. Files For Bankruptcy
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Underemployment a harsh dose of reality for workers
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Unlikely class of unemployed
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'Mini-Tenders' Keep Companies on Edge
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  Ill-equipped to function outside the corporate nest, some spinoffs are doomed to fail. Who's responsible?
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Bankruptcy advisers wear multiple hats
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Law Firms:

Leaving the firm: For those who say big is better, solo attorneys offer a dissenting opinion
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Baker Donelson expands reach, expertise
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Two bar associations are suing the FTC to exempt lawyers from a Gramm-Leach-Bliley disclosure clause.
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Ensure you and your company lawyer have same end goals
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Green cards and greenbacks: Political, legal changes helping ensure immigration law still 'very lucrative field'
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Cohesive strategy can make PR a law firm's strong suit
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Law now also is a technology profession
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Law firms adopt new looks as they move into new digs
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Morgan Lewis sops up former Brobeck space at One Market
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Asbestos:

Screening for asbestos, finding controversy
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Halliburton: Wait and see
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Scooping up the pieces - Intellectual property of defunct tech businesses spurs brisk trade
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Aladdin:

Aladdin Hotel conjures another bidder
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Pair of hotels raise stakes for Aladdin
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Seitel:

Group Petitions to Force Seitel Into Chapter 11
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Seitel Responds to Filing of Bankruptcy Petitions by Holders Of Unsecured Notes
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Seitel's Former CEO Used Funds From Company for Personal Use
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Wall Street:

School for scandal
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New suit against Allou Healthcare
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2 chorus members trying to revive Florida Philharmonic
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Novak Loses petswarehouse.com, Files For Bankruptcy
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Aliquippa hospital faces foreclosure notice
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Battered Ford turning back to old ideas as some say bankruptcy possible
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Pahokee lies on the edge of bankruptcy
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Ecusta Mill closes, town reels (Part 1) (Part 2)
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Creditors to Lightyear: Liquidate
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Bankrupt HPA Monon Corp. sold to Vanguard National
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Telecoms:

Asia Global faces creditor uprising
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So WorldCom didn't wear you out then?
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WorldCom May Exit Bankruptcy Before Restatements are Completed
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Michael Jackson:

Michael's money meltdown
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Bullish on Bankrupts
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Bankruptcy attorney Robert Bernstein appointed to candidate review panel for W. D. Pa vacancy (scroll down)
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Backlash Grows against Special Retirement Funds for Company Executives
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Fleming's Planned Sale of Four Milwaukee-Area Supermarkets Falls Apart
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ATG left many firms in the lurch
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ATG's employees battle back
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Sinking into bankruptcy, five steps can help pull you out
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Companies ranked among those with the worst corporate governance by a new survey share the common thread of hefty pay to top executives
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Four AMPAM directors quit: Independent board members leave as company faces July 31 deadline to pay $76.9 million debt
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Cirio bankruptcy hearing is postponed
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Independent trustee looking into bankruptcy filing of G2interactive
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Japan:

Regulator denies influencing Resona auditor
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England:

Archer's wife sues ruined ex-aide
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More Bank staff must testify in BCCI trial
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Korea:

Top SK Corp investor fights SK Global rescue plan
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Canada:

75% of pension plans underfunded
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