March 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

         
Airlines:

If United fails, Bank One card unit could lose 'several hundred million'
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American Airlines union rejects concession plan
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American Airlines' ground workers union leaders reject concession request, but talks continue
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Regional Airlines Expect Healthy Growth
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United stymied by rise in fuel costs
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UAL to ground 900
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Air Canada unions expect a tough bargain
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Bookings fall as fliers just wing it
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What you can do to protect your United miles
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Key3Media Creditors Oppose Executive Retention Plan
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Law Firms:

Numbers improving for Holland
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Clerks: the future of the law firm
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Law Firms Move to Cut Costs, but Spare the Senior Partners
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'King of Torts' at risk of losing his legal throne
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Staking Their Claim
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Weil Gotshal rides out slump to register 18% revenue hike
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Managing Partners: An Endangered Species?
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Politically connected NY law firm extends reach
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Firms Wield Negative Reviews to Weed Out Associates
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New Amex legal chief
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Cravaths bolsters UK arm with transfer of Wall Street player
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Skadden Defectors Launch Euro Boutique
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Pillsburys enters Jensen meditation
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Lawyers From Scuttled Firm Land New Jobs
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Law firm eases e-mail mountain
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Black Helterline adds six attorneys
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Soc Gen unveils new look adviser panel
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Freshfields in hunt for US corporate chief
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Telecoms:

Bankruptcy court OKs loan efforts for nTelos
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WorldCom Gets Final OK For Rules To Retain Tax Benefits
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Court Grants Lender Bid To Name Trustee In E.Spire Ch 11
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Former Qwest Executives Plead Innocent To Fraud
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Global Crossing Has First Net Income Since Bankruptcy
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Devon Mobile Communications, LP Completes Sale of Wireless Towers
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NTELOS Receives Approval of `First Day Motions
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France Telecom Reports Largest Loss in French History
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The Telecoms In Purgatory
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Step Forward For NextWave
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Bankruptcy Efforts Remain nTelosí Best Bet to Survive
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Kmart:

Fleming makes $1.4B Kmart claim
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2 ex-Kmart execs face arraignment
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Enron:

Bankruptcy examiner's report: Banks, lawyers part of Enron scheme
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Enron Improperly Transferred Up to $5 Billion, a Report Finds
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Report details Enron's deception - Examiner cites auditors, lawyers and banks as part of scheme
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Report Details Enron's Moves To Shift Assets
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The Report - Appendix A - Appendix B - Appendix C - Appendix D - Appendix E - Appendix F - Appendix G - Appendix H - Appendix I - Appendix J - Appendix K - Appendix L - Appendix M - Appendix N - Appendix O - Appendix P - Appendix Q
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CSFB staff ordered to testify on Enron role
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Asbestos:

No quick fix for asbestos legal problem
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Creditor Plans For WR Grace Blocked For 6 More Months
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Tight deadline on asbestos rule change
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Senators pledge to pass asbestos legislation
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Lawmakers trying to unjam asbestos disease litigation
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ABA Urges Congress To Fix Asbestos
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Love Israel family files for bankruptcy
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MGM-Mirage resurfaces in bankrupt Rosemont casino talk
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Accounting:

Senator vows to protect use of stock options
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Former Andersen Exec Tells of Stressful Internal Culture
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Troubleshooter Focuses On Bankrupt Optical Chain
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Energy:

Judge orders PG&E, creditors to seek settlement
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PG&E:Lehman Agrees To Buy Or Place Up To $700 Million In Equity
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Allegheny investors to vote on concession
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Deloitte Raises Going Concern Doubt on PG&E Natl Energy
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Settlement talks ordered in PG&E bankruptcy case
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Steel:

Steel files motion to discontinue retiree benefits at month's end
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Creditors won't get much from Bethlehem Steel
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Recovery may be at expense of retirees
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Taking a Hard Look Behind the Display
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Tokheim Gets Court Approval To End Employment Agreements
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Debt is his or hers alone, unless account is theirs
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Owner of Charleston, S.C.-Area Travel Plaza Files for Bankruptcy
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AMERCO Enters Into Forbearance Agreement With Royal Bank of Canada
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EBSCO Industries, Inc. Announces Execution of Definitive Agreements for The Purchase of RoweCom, Inc. U.S.A
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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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DIP Dimensions: GenTek
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Letter from Delaware - The latest on USG, Halliburton, Weil Gotshal and more
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Bankruptcy Reform:

Yesterday's bankruptcy hearing
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Conseco:

Conseco Finance sold in two parts
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Conseco likely to remain intact
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Conseco Finance to be split, sold to two groups in $1 billion deal
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Conseco Finance is divvied up
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Conseco Finance Accepts $1 Bln Bid From CFN, GE Unit
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Buffett Loses Bidding War
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Texas firm backs out on Emporium
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Bankruptcy - Protect Your IRA From Creditors
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Today's Man seeks Chapter 11 ó again
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D-Day Foundation to announce deal with major creditors
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Longview files for Chapter 11
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Former Polaroid Gets Two-Month Extension Of Exclusivity
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Burlington Industries up for sale at auction
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Hockey:

Tycoon Peltz to bid for Senators
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Judge Approves Posh Pay for Top Executives at Bankrupt Adelphia Communications
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StorageNetworks seeks sale
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Radio Station Owner Blames Advertising Gap for Bankruptcy
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Localized pain - bankruptcy in Europe can be a regulatory nightmare
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England:

Government unveils plans to tackle loan sharks
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Telewest restructuring faces delay over bondholder move
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Canada:

Bombardier cuts 3,000
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Argentina:

Argentine court rules unconstitutional forced conversion of dollar bank accounts into local currency
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Japan:

Japanís Daiei May Need More Rescue Funds, Say Bankers
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Bankruptcy & bailouts: Business as usual in Japan
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