May 2, 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

         
Enron:

Enron indictments widen
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Noose tightens around Fastows
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Hitting a Wall in the Enron Case?
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Crime Family?
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Need something behind the sofa? Think Enron art
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Enron prosecutors indict eight more former execs
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Justice raises heat in its Enron probe
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Watkins calls action a step toward truth
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After Inflating Their Income, Companies Want IRS Refunds
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Holdout stymies Malden Mills
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Kmart to emerge from bankruptcy one day later
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Telecoms:

Qualcomm set to receive Globalstar stake
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Trustee To MCI Debentures Seeks Separate Creditor Panel
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ST Telemedia goes solo on Global stake
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Hutchison withdraws from bid for Crossing
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Devon Mobile Communications Gets 90-Day Plan Filing Extension
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MCI Investors Learn Promises Can Be Broken
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Asia Global Crossing Creditors Want Chapter 11 Plan Filed
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Role of Former WorldCom Lawyer Questioned
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Aladdin Gaming Sale Pact Calls For $5M Breakup Fee
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1,200 concede they've used foreign accounts to skip taxes
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PE firms carve up remains of Divine
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EclickMD ponders bankruptcy
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Accounting:

U.S. plans full probe of big accountants
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Amerco Reauditing 2001, 2002 Financial Statements
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Accounting Panel Plans Inspections of Big Four
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Corporate Reform:

Scandals Spur New Kind of Corporate Exec
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Protecting Corporate Directors In The Post Sarbanes-Oxley World
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Essential Therapeutics Files for Reorganization
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  Airlines:

Judge opens bidding for Aeroplan deal
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Air Canada unit goes on the block
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Air Canada slashes operating costs by $1.66bn
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Continental has bonuses on the table
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Northwest CEO Says No Special Deals For Executives
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American Air Workers Start New Era of Less Pay
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Hawaiian Air wrong about concessions, union says
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National Credit Agency Lowers Pittsburgh Airport's Bond Rating
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Air Canada credit card deal in doubt
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Delta's Proposed Cuts In Pilot Wages Not Enough
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American to Eliminate Paper Tickets
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Exec Eyes Break Up for Troubled Allou
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Pittsburg: City could run out of money by November, bankruptcy an option
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Delaware Supreme Court Nullifies Locked-Up Deal
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HealthSouth:

Two Former HealthSouth Execs Plead Guilty
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HealthSouth Fails to Reach Agreement With Creditors
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Don't sign up blindly for credit counseling
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Second bank calls in loan to teachers' union
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Energy:

Agribusiness giant buys Mirant gas contracts
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Ex-Reliant CEO rakes it in
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TransTexas Gas Reports Net Loss
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Bankrupt Anker Coal plans July exit
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Wall Street:

SEC adds fuel to scandal's fire at Morgan Stanley
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PSC Gets More Time To Solicit Votes For Chapter 11 Plan
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Northwest Ohio's Bankruptcy Filings Continue at Record Pace
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Federal agents search Rotech offices
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Attorney faces 25 years in Evergreen case
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Day of bankruptcy decision arrives for the Philharmonic
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Virginia May Force Failing Malpractice Insurance Company to Liquidate
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Holding Back Bankruptcy
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Law Firms:

Pepin Rejoins Pillsbury in the Wake of Chevron Woes
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Ropes & Gray and Reboul, MacMurray, Hewitt & Maynard Join
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Winstead Sechrest & Minick Celebrates 30 Successful Years of Business
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Former Arthur Andersen head unveiled as Clifford Chance US COO
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Top Firm Boosts Lobbying Practice
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Dentons to axe 70 jobs; 40 lawyers hit
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Dentons to make 70 redundancies in London
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Former Dechert securitisation co-head joins Mayer Brown
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Judge kicks lawyers off H&R Block case
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ABA Task Force Recommends Governance, Ethics Changes
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Boots & Coots Misses SEC Filing Date
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Brokerage Firm's Failure Lands Deutsche Bank, Others in Court
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EVTAC:

Hundreds more Iron Range jobs in jeopardy, after bankruptcy filing
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Forbes, Minn., Taconite Company Files for Bankruptcy
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England:

Company insolvencies fall
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Lenders bail out Cordiant
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New powers to disqualify Company Directors
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Thailand:

Thai Court Receiver: TPI Founder's Steps Breach Debt Plan
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Japan:

Corporate rehabilitation drive set to take off
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Japanese feel economic woes
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Japan's Daiwa Construction Goes Bankrupt
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Canada:

Extension Of Battery Technologies' Notice Of Intent Creditor Protection Period
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NetDriven Solutions Inc. Reorganization
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