May 15, 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

         
DIP Dimensions: Eagle Food Centers
(DBN Subscription Required)

Letter from Delaware
(DBN Subscription Required)

Airlines:

American to lay off 3,100 flight attendants
(DBN Subscription Required)

Northwest pushes pay cuts
(DBN Subscription Required)

Airline Bankruptcies and Workouts: Lessons Learned
(DBN Subscription Required)

CIBC may have to share Aerogold
(DBN Subscription Required)

Judge OKs Air Canada-CIBC Aeroplan credit-card deal but ends exclusivity
(DBN Subscription Required)

Air Canada's 747s likely casualties of SARS crisis
(DBN Subscription Required)

Cuts vital for Air Canada, says E&Y
(DBN Subscription Required)

Union at airline questions strategy of board member
(DBN Subscription Required)

Hawaiian Air remains at odds with creditors
(DBN Subscription Required)

Hawaiian Airlines Board Proposes Comprehensive Solution Addressing Trustee Motion
(DBN Subscription Required)

Potential UAL, GE debt deal to save millions
(DBN Subscription Required)

Delta's pilots union said employees will have to shoulder more of the airline's cost cuts
(WSJ: separate paid subscription required)

__________________

Law Firms:

UK Firms See Profits Drop
(DBN Subscription Required)

Top 50 US Firms Ranked By Revenue
(DBN Subscription Required)

Overpaid and everywhere
(DBN Subscription Required)

Weak Economy Curbs Dallas-Area Law Firms
(DBN Subscription Required)

Firm Decides to Close
(DBN Subscription Required)

Houston Name Partner Dies
(DBN Subscription Required)

Chicago firm loses San Francisco bankruptcy three
(DBN Subscription Required)

Fried Frank/Ashurts: The Big Question
(DBN Subscription Required)

Fried Frank offers hand of friendship to Ashursts
(DBN Subscription Required)

British Publication Ranks US Lawyers
(DBN Subscription Required)

UK firms muscle in on US M&A league table
(DBN Subscription Required)

Camerons to cut 16
(DBN Subscription Required)

Linklaters revenue up 14 per cent to £720m
(DBN Subscription Required)

Altheimers review leads to management overhaul
(DBN Subscription Required)

Do you have the mental strength to make the transition from ‘star fee earner’ to managing partner?
(DBN Subscription Required)

Mayer Brown London partnership reaches one-hundred
(DBN Subscription Required)

Herbert Smith starts US litigation roadshow
(DBN Subscription Required)

Gibson Dunn boosts private equity
(DBN Subscription Required)

A law firm merger can be a time when the importance of a firm’s IT department is at its highest level
(DBN Subscription Required)

Boss of the year?
(DBN Subscription Required)

Separated at Birth
(DBN Subscription Required)

___________________

OSI filing trips Madison Dearborn
(DBN Subscription Required)

Art of the deal - Paintings can hold their value better than more traditional assets
(DBN Subscription Required)

Asbestos:

USG exec thinks asbestos bill would help
(DBN Subscription Required)

Congoleum Corporation Reports First Quarter Results
(DBN Subscription Required)

_________________

Allou:

Companies Want Pieces Of Allou
(DBN Subscription Required)

Allou Health Says Ops Sales To Be 'Vigorously' Pursued
(DBN Subscription Required)

_______________________

Uniroyal Technology Seeks More Time File Exclusive Plan
(DBN Subscription Required)

Little awaits Museum Co. unsecureds
(DBN Subscription Required)

NationsRent Construction Rental Agency Soon to Exit Bankruptcy
(DBN Subscription Required)

Examiner to review Carolina Investors
(DBN Subscription Required)

Mosaic officers resign to buy top division
(DBN Subscription Required)

  Beware Delaware
(DBN Subscription Required)

Energy:

NRG Energy files for Chapter 11
(DBN Subscription Required)

NRG Files for Bankruptcy Reorganization
(DBN Subscription Required)

S&P may now raise Xcel Energy
(DBN Subscription Required)

NRG: Chap 11 Won't Affect California Power Partnership
(DBN Subscription Required)

NRG/Chapter 11: Bankruptcy Seen Over By Year's End
(DBN Subscription Required)

State, PG&E battle in court / Post-bankruptcy plan is the issue
(DBN Subscription Required)

NRG Seeks To End Power Supply Contract In Five Days
(DBN Subscription Required)

Connecticut Light's Energy Supplier Is Bankrupt; Short-Term Rate Spike Feared
(DBN Subscription Required)

CL&P says possible end to contract won't spell power loss
(DBN Subscription Required)

Texas Commercial Energy Adds 100 Business Customers in April
(DBN Subscription Required)

Salem power station close to being bankrupt
(DBN Subscription Required)

Orion refinery goes to Valero
(DBN Subscription Required)

Analysts Take Wait-And-See Attitude On Valero Purchase
(WSJ: separate paid subscription required)

Orion Files For Bankruptcy; Valero Agrees To Buy Refinery
(DBN Subscription Required)

Lenders Want $234 Million Guarantee from Tampa, Fla.-Based TECO Energy
(DBN Subscription Required)

California's problem
(DBN Subscription Required)

__________________

Enron:

An SEC complaint against several ex-executives at Enron's broadband unit, EBS, provides a road map that could be used to charge former Enron CEO Jeffrey Skilling with fraud
(WSJ: separate paid subscription required)

Dueling Lawsuits in Enron -- The Complaints in the Northern Natural Gas Dispute
(DBN Subscription Required)

Look Before You Leap: What Enron Can Teach Potential Lead Plaintiffs
(DBN Subscription Required)

_________________

WestPoint Stevens hires restructuring firm
(DBN Subscription Required)

Aventura investor cops a plea
(DBN Subscription Required)

Judge denies request to use collateral in Ecusta bankruptcy
(DBN Subscription Required)

Court grants Kasper extension
(DBN Subscription Required)

Court Approves PSC Inc. Ch 11 Disclosure Statement
(DBN Subscription Required)

Steel:

Algoma cutting 600 jobs in bid to survive slump
(DBN Subscription Required)

_________________

Midwest Banc Holdings' CoVest buy delayed again
(DBN Subscription Required)

Judge OKs Ore. Diocese Asset Transfers
(DBN Subscription Required)

ISDA: Revising the Master
(DBN Subscription Required)

Accounting:

Former Arthur Andersen Partner Files Lawsuit
(DBN Subscription Required)

______________________

Pillowtex to Review 2002 Statement
(DBN Subscription Required)

UPC says Chapter 11 emergence delayed
(DBN Subscription Required)

Retail Sales Fell 0.1% in April
(WSJ: separate paid subscription required)

Changing Economic Fortunes Give Lift to Bankruptcy Filings
(DBN Subscription Required)

A Practitioner's Guide To Section 365(n) Of The U.S. Bankruptcy Code
(DBN Subscription Required)

Borrower Privacy Policies Can Weaken Or Destroy Value Of Customer Lists as Collateral
(DBN Subscription Required)

Perils of Bankruptcy Practice: The Power of a Contract and Integration Clauses
(DBN Subscription Required)

Court Rejects Engagement Letter Terms That Limit Malpractice Claims
(DBN Subscription Required)

Kmart:

Researchers Offer Advice for Kmart's Survival
(DBN Subscription Required)

________________________

Wolf Haldenstein law firm again looking at HealthSouth
(DBN Subscription Required)

Indiana officials hire lawyer in Bico bankruptcy business
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Florida Philharmonic:

Philharmonic files for bankruptcy
(DBN Subscription Required)

Philharmonic's financing story doesn't sound right
(DBN Subscription Required)

____________________

Greetings From the Bankruptcy Court -- Give the Money Back!
(DBN Subscription Required)

Telecoms:

Allegiance Telecom succumbs to debt
(DBN Subscription Required)

Allegiance Telecom Seeks Bankruptcy Protection
(DBN Subscription Required)

Allegiance Telecom Announces Restructuring Plans and First Quarter 2003 Results
(DBN Subscription Required)

Money loaned to the bankrupt firm's CEO resulted in improper payments, a new lawsuit contends
(DBN Subscription Required)

Focal Communications Reports First Quarter 2003 Results
(DBN Subscription Required)

Bankrupt Marconi clears 304 hurdle
(DBN Subscription Required)

Verizon Wages Unprecedented Campaign Against MCI
(DBN Subscription Required)

MCI, Verizon Attorneys Discuss Reorganization
(WSJ: separate paid subscription required)

Sprint Says IPCS Creditors Not Allowed To Commence Suit
(DBN Subscription Required)

State pension plan looks to recoup $38M from WorldCom underwriters
(DBN Subscription Required)

Asia Global judge refuses to end exclusivity
(DBN Subscription Required)

Horizon PCS seeks to restructure debt
(DBN Subscription Required)

Global Crossing Appoints Daniel P. O'Brien CFO
(DBN Subscription Required)

________________

Expanding the Scope of the Authority of a Litigation Trustee
(DBN Subscription Required)

Malpractice Actions in Bankruptcy: Who has the Right?
(DBN Subscription Required)

Adelphia founder gets OK to sell property to pay legal costs
(DBN Subscription Required)

Insolvency in a Global Economy: "Bring Me Your Tired, Your Poor, Your Troubled Companies Yearning to Reorganize!"
(DBN Subscription Required)

NaviSite gobbles up Interliant
(DBN Subscription Required)

Phoenix Waste Filed For Chapter 11 Last Week
(DBN Subscription Required)

Spiegel Retains Keen Realty In Ch 11 Court Proceedings
(DBN Subscription Required)

England:

BCCI liquidators to confront Bank
(DBN Subscription Required)

BCCI settlement costs top $1.2bn
(DBN Subscription Required)

BCCI liquidation costs top $1.2 billion
(DBN Subscription Required)

BCCI's advisers still rake in fees 12 years on
(DBN Subscription Required)

____________________

Japan:

Lifeline thrown to Japan's life insurance companies
(DBN Subscription Required)

Japan Bankruptcies: Cases Down For Fourth Straight Month
(DBN Subscription Required)

Japan Oil Development Co To Flesh Out Restructuring Plan
(DBN Subscription Required)

______________________

Canada:

Pensioners protest collapse of plan
(DBN Subscription Required)

____________________

Korea:

Ruling in Seoul favors lender over distiller
(DBN Subscription Required)

_________________

Mexico:

Grupo TMM faces imminent default
(DBN Subscription Required)

A test of Mexico's new bankruptcy law - Cydsa Creditors May Ask For Immediate Payment
(WSJ: separate paid subscription required)

____________________

Thailand:

TPI: Discord puts rehab plans in jeopardy Compromise or face heavy losses: official
(DBN Subscription Required)

TPI a Setback for Thai Banks' Recovery
(DBN Subscription Required)

____________________



Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com