May 1, 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

         
Meet Mr. Fixit - Big fees and campaign gifts dog a bankruptcy guru
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Airlines:

Delta proposes cutting pilots' pay by 22%
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American Airlines Installs Self-Service Flight Check-In Kiosks Nationwide
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American will slash 7,000 from payroll
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Air Canada seeks $2.4B cut
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Insolvent Air Canada asks key unions for $770 million in labour-cost cuts
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WestJet accuses Air Canada of 'scorched-earth policy'
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MBNA bids for Air Canada's Aerogold
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Northwest pilots agree to bargain
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Officials huddle with governor over US Airways status
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Hawaiian Airlines and ILFC Reach Agreement on Restructuring of Aircraft Leases
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Hawaiian Air nearing pact on jet leases
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Judge OKs United's Union Concessions
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Flying's not so much fun now
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Creditor Committee Defends Avianca's Chapter 11 Filing
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Indianapolis may woo US Airways
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County claims against US Airways top $2 billion
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Enron:

8 more seen charged in Enron case
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Interim CEO has doubts on investor-protection law
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Former Enron Chief Lay Sells Aspen Home
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More charges expected against former Enron CFO
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Court OKs Deal Between NationsRent, Fleet Capital Corp
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Steel:

Bethlehem, buyer ISG act to close deal
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Once-Mighty Bethlehem Steel Fades Away
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Midland Steel closing at midnight
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Wall Street:

Wall Street 'sages' should live on Wal-Mart wages
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Energy:

Restatement Widens Mirant Losses, Debt a Concern
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Structuring a Sound Securitization of Healthcare Receivables
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Eventra rumored to file Chapter 11 bankruptcy
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  Locking up lock-ups
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DIP dimensions: Air Canada – Part II
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Letter from Delaware - Coram Healthcare, H2O Entertainment, Continental Airlines, AGD Mining
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Bankruptcy Reform:

Senate plans for bankruptcy
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Law Firms:

'Smoking gun' e-mails will cost firms dearly
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The High Cost of Staying Low-Tech
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Texas Salaries & Billing: Steady as She Goes
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Bankruptcy Attorney Propst Joins Poyner & Spruill
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Chapman and Cutler and Gnazzo Thill Combine Forces To Grow Financial Services Law Firm
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Clifford Chance bolsters insolvency with Paul Hastings hire
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KLegal reviews links with KPMG
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Costs of Compliance Soar After Sarbanes-Oxley
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Linklaters names new US law head
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NY Partner Convicted Of Stealing $27.7 Million From Bankrupt Client, Evergreen
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Lawyers face fines of up to £1.25m in SEC crackdown
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Boies Goof Follows String Of Failures
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Dib, dib, dib
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Covingtons wins in Goodyear restructuring
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Sidleys latest US firm to announce record profits hike
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Former Chairman Quits Firm
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Top judge slams firms for padding IP bills
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Ex-Chairman Rejoins Troubled Firm
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Theodore Goddard loses five fee-earners as Addleshaws merger takes effect
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Fast Growing Silicon Valley Satellite Raids Another Rival
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So that’s what they mean by getting screwed
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Staying ahead of the game
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Murphy takes over Freshfields US corporate helm from Joyce
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Salz firm favourite as Freshfields sets senior partner election ball rolling
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Cleary Gottlieb scoops Siemens work as Clifford Chance pushed aside
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Morgan Lewis loses ground on rivals as profits fall by 3%
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Allou: Night Moves Alleged
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Telecoms:

Hutchison abandons Global Crossing
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Investor Exits Global Crossing Deal
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ST Telemedia Increases Proposed Stake in Global Crossing
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IDT still eager to bid on Global Crossing
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Global Crossing: Seeks To Limit Indemnification Claims
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Global Crossing, Unsecured Creditors Sue Notes Trustee
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Motorola Files Objection To WorldCom Disclosure Statement
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HealthSouth:

HealthSouth Cuts Jobs, to Hire New Auditor
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HealthSouth seeks to reassure partner doctors
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Hockey:

Melnyk has billion reasons to buy Sens
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Visa, retailers reach $2 billion deal over debit card charges
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Tyco Posts Loss Amid New Accounting Woes
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Brill Media Suing Its Former Creditors
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Anker Coal Group Files Plan of Reorganization
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Anker targets summer months to emerge from bankruptcy
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At least three potential buyers for Palmer Johnson
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Asbestos:

Owens Corning Gets Extension To Lobby Creditors
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National asbestos settlement may be near
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Accounting:

FASB Issues Standard That Amends and Clarifies Accounting Guidance on Derivatives
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Accountants On Trial
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Ernst Partners Accept Limits on Audits
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Accounting Standards Copyrighted
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Atlantic City doctor indicted on fraud, bankruptcy
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England:

Students close to choosing bankruptcy
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Thailand:

Creditors ask Suvarn to steer talks `Everyone is ready to co-operate'
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