March 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

         
Irons in the fire - Everything negative about business today seems to be part of Peregrine's bankruptcy
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Airlines:

United expects to beat targets
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United Says It Is Willing to Talk With Unions Past Deadline
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U.S. airline bankruptcy fears are third blow in a row for R-R
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Airlines' tax request isn't flying
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Northwest Pilots Plan to Reject Airline's Request for Immediate Wage Cuts
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AMR shares fall 11% over being dropped from S&P 500
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United plans two-track approach to union contracts
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UAL's CFO: Company to Top Target for Interim Financing
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National Airlines hopes to resurrect, fly to Russian Far East
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Debevoise and Dechert advise airlines on IT sale
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How to cure airlines’ ills
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United pilots play their hand
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Gamble on Fuel Prices Hasn't Paid Off for Some Airlines
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United May Soon Begin Voiding Contracts
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Air Canada shares hit 52-week low
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American, workers near talks
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American is here to stay
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Law Firms:

White & Case blows whistle on client Ahold
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Premiere Litigators Join Paul Hastings' Washington Office
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Heller Sued Over First-Year's Involvement - Suit offers peak into dot-com heyday
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Four Partners Defect
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DC duo fees surge
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Bingham McCutchen unveils post-merger profits
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Use of Law Firm Intranets Is Growing
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DLA partner ups sticks for Cadwaladers
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Firms Retain Hiring Edge, Keep Class Size Down
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White & Case swoops for sixth Brobeck partner
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Accenture gears up for dual review
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Emmerson set for spring debut with Milbanks
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Car Lenders File Suit Over Forfeiture Law
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Daw works on bank payment plan
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Conseco:

Sale of Conseco unit back in court today
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Conseco Finance sale hearing to proceed amid questions
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Conseco Fires Head Of Insurance Division
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Lechters Seeks Ct OK To Pay Claims, Dismiss Ch 11 Case
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Hockey:

Some NHL teams face bleak future
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Advanced Lighting Panel Opposes Final OK Of Loan Pact
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Jeanette White Is Long Dead But Her Hospital Bill Lives On
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Bankruptcy likely to backfire
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  DIP Dimensions: Globalstar LP
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As bankruptcy boom wanes, lenders look to 'exits'
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Letter from Delaware: Congressional reform, Judge Alfred Wolin retirement rumors, retail bankruptcies, ABIZ and more
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Palmer Johnson:

Palmer Johnson hits rough waters
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Troubled yacht maker open to buyers
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Enron:

Two Enron Officers Charged in Video-Deal Scam
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Maybe the Most Dubious of the Deals
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Enron Executives Face Federal Fraud Charges
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New Enron Accounting Scandal
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Vinson & Elkins, bank trio remain in shareholder suit
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Magic circle trio named on new Enron subpoena list
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Gas price charges are filed
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Black humor at Enron turns into evidence
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Former Enron exec accused of gas scheme
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Video link to two more Enron arrests
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International venture may bid for Enron plant in India
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Enron scandal like a fable : ‘ whistleblower ’
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Bankruptcy lawyer accuses firm of pregnancy bias
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In defense of Chapter 11
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Maine Lawsuit Filed by Great Northern Paper Is Called 'Baloney
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Accounting:

Options to be expense, accountants decide
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Bankruptcy Reform:

House Panel OKs Bankruptcy Overhaul Bill
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Retailers Urge Approval of Bankruptcy Reform Bill
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Bankruptcy Bonuses: We need shame to make a comeback
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Bill would speed up foreclosure proceedings
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Energy:

FERC Rejects PG&E Plan For Gas Shippers With Poor Credit
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PG&E Unit Seeks To Pay 3 Execs Retention Bonuses
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Frisby is negotiating the sale of some assets
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Bankruptcy filing ends orchestra's 75-year run
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Divine Inc Seeks Court Approval For Asset Auction
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Automakers' focus: Survival of fittest - "If it didn't have the name Ford, it would be in bankruptcy right now,"
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NationsRent chief selected
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Federal-Mogul Signs Agreement to Sell OE Molded Lighting Assembly Operations to Decoma International
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Steel:

Retirees of Boardman, Ohio-Based Bankrupt Steel Processor May Lose Benefits
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Bankruptcy Court: An Unconventional Window on Society
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Dresser buys Tokheim North America assets
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Aetna May Buy Part Of Magellan
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FDA approval for wrinkle injections won't turn back time for Advanced Tissue
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Asbestos:

NAM Encouraged By Seemingly Anti-Business Asbestos Court Decision
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Record number of Alabamians filed for bankruptcy last year
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Telecoms:

Motorola Sues WorldCom, Seeking Priority for $27 Million Claim
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Ebbers Reportedly Was Told About Accounting
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Covenants close in on Allegiance, bankruptcy possible
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Report may link Ebbers to fraud at WorldCom
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Asia Global, Global Crossing Reach Deal to Settle Claims
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U.S. Seeks Delay In Publication of WorldCom Report
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Major Church Group Urges 50 State Utility Commissions to Take Action Against WorldCom, Prevent Future Misdeeds
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Bankruptcy rears its head at SF school board meeting - Close vote allows mailing of layoff warning notices
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China:

Debtor informants Rewarded Large Sums of Money
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Uruguay:

Uruguay seeks debt restructuring
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Australia:

Liquidator sells off New Tel's fixed-line segment
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Keeling, ASIC in pact over One.Tel
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Holland:

Jomed Shrs Tumble On Bankruptcy Fears
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Jomed Creditors Asked To OK Suspension Of Co Payments
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England:

UK industry on the ropes as global trade weakens
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Dealers fear FTSE 100 free-fall
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Germany:

Saban rival exits Kirch auction
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South Africa:

RAG lacked debtors' book policy
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Argentina:

Scotiabank funds offer to Quilmes creditors
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Korea:

Bank creditors poised to pounce
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Canada:

Livent fraud case adjourned to June 20
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