March 27, 2003 

Letter from Delaware: Los Angeles fakers
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Airlines:

Airline bankruptcies could spread
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United says its reorganization is in peril
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The unfriendly skies - The problem isn’t too few fliers; it’s too many airlines
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US airlines bank on casualty-free war as turbulence mounts
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UAL close to critical tax refund
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DOT fines US Airways $550000
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Machinists' Union Sues United Over Layoffs
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European Airlines Making Emergency Cuts
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Republican Plan to Aid Airlines Is Below Request
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United Airlines Hits Bankruptcy Benchmark
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Delta CEO: Govt should help airlines
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Pilots: American Seeking 1,000 Furloughs
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BA spurs job cuts as airlines buckle
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War Increases Credit Risk At U.S. Airports
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UAL Uses Bankruptcy Protection to Help It Survive
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Delta will not delay its low-cost airline
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Judge confirms trustee for Park South liquidation
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Bankruptcy Reform:

Gibbons, Berkley, Porter help tighten bankruptcy rules
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A bumpy ride for troubled Ford
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Foster Wheeler's future in doubt
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Some Question Timing of Sears Credit Card Unit Sale
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Sears: Less Plastic, More Profits? - Not necessarily
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MetroHealth Medical/Osteopathic Hospital to close by July
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Companies offer to buy intellectual assets from Frisby
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After pile of cash collected, financial adviser arrested
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Green Acres files for bankruptcy; property not for sale
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Enron:

Judge shields Fastow from Enron lawsuits - for now
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Broadband pair indicted on numerous fraud charges
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'Enron Network' broadened company's market share-FERC
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Adelphia:

Adelphia Business, creditors reach deal
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Adelphia's planned move to Denver criticized
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Adelphia Communications February Loss $39.7 Million
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Actrade Fincl Tech To Sell Company As Going Concern
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US consumer confidence fell to a new 10-year low
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PCD Inc Gets Approval For Interim Cash Collateral Use
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Deal gives 2 D-Day memorial creditors board picks
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Kmart:

Bargain hunters descend on Kmart
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Judge Rejects Kmart Bid for Extension to Dispose Leases
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Kmart investor hush-hush on retailing plans
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Spiegel creditors tap Chadbourne & Parke
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Philip Morris:

Fitch May Cut Rating on Philip Morris $18B Tobacco Bonds
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Legal experts question Philip Morris bankruptcy threat
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S&P Puts Rtgs on All Tobacco Settlement Dls On Watch
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Key3Media/DIP Financing: Banks To Remain Lenders To Co
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HealthSouth:

HealthSouth Lenders Might Not Pay Some Bondholders
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HealthSouth CFO Pleads Guilty to Fraud
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HealthSouth Woes Widen
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HealthSouth auditors could be next in firing line
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End near for Body Solutions?
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Accounting:

Accountant Arrested On Charges He Stole Millions From Swank Hollywood Hotels
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Sarbox Won't Restore Confidence
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Energy:

NRG Energy may seek prepack
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How wheeling, dealing raised energy prices
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Reliant Faces Friday Debt Deadline - Bankruptcy Scenario Possible - Filing Reportedly Ready
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FERC Vows Broad Crackdown Against Market Manipulators
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Xcel Energy Settles With Creditors
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FERC Sanctions Enron, Examines Others
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California could get billions in refunds
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Xcel pays price to shed NRG
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Credit card delinquencies hit a record in fourth-quarter 2002
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Asbestos:

Sen. Hatch wants to write asbestos bill in April
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New York jury awards $47 mln to asbestos victim
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Coca-Cola asbestos case moving forward in court
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Removing the shackles of asbestos litigation
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Telecoms:

WorldCom turning a profit
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Global Crossing eyes proxy for Hutch investment
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WorldCom Plans '03 Chapter 11 Exit
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Jeffboat not expected to close
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Sonicblue's Bankruptcy: Score One for Big Media
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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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Big Four face US might in restructuring deals
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Law Firms:

Downtown Law Firm Moving to Times Square
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Houston law firms search for space, renegotiate leases
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High Court prepares for A&O and Cadwalader TXU conflicts ruling
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Supreme Court allows funding legal-aid programs with lawyers' trust accounts
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Lawyers set precedent, join Teamsters union
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Dentons ditches Euro alliance and US talks
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Dechert rides high with 15% partner profits hike despite corporate slump
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Casing the Case
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Paris Bar moves to loosen rules on advertising
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NY Partner Elected To Lead Bicoastal Firm
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US Firm's Merger Offer Rejected by London Partnership
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Firm Raids Boutique for Name Partners
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Eight lawyers go as Charles Russell axes 19
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Heartland Securities files for bankruptcy
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Steel:

Wheeling-Pitt gets $250 million loan on second try
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U.S. Plans Appeal After WTO Loss on Steel
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Pension Agency Opposes Bethlehem Steel Auction Plan
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National Steel Sale Hearing Delayed Until April 21
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For forging tough careers, reward is tough retirement
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U-Haul close to securing $866m credit line
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Bankrupt Palmer Johnson fires son of former co-owner
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Hockey:

Davidson's run as Buzzards owner ends
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Buzzards: Chapter 7 Bankruptcy
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EU:

A tough line on insurance insolvency
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EU approves Tokheim unit sale to AXA
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England:

Phoenix traders prompt attack on bankruptcy law
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Telewest loss widens after £1.64bn writedown
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Japan:

Japan expected to target 30 banks
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BoJ relief plan dismissed as window-dressing
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Korea:

Korea Thrunet/Crt: Paves Way For Reorganization
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