May 30, 2003 

Creditors' Committees May Pursue Derivative Avoidance Actions
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The Opinion
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Farmland Co-Op Allowed to Strip Benefits from Former Executives
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Bankruptcy judge spanks state's greed in casino license deal
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Enron:

Enron CEO OK'd to seek money from banks
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More buried EOTT documents in Texas, Shell says
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Enron Affiliates Sue ChevronTexaco Unit Over Partnership
(WSJ: separate paid subscription required)

Federal Judge in N.Y. Named Mediator for Enron Litigants
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Former NFC workers gain support from court
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Game over for 3DO
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Economy:

Mortgage Rates Sink To 1960s Level
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Trump Appeals GM Bldg. Ruling
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Houston-Based Aluminum Firm's First Quarter Loss Hits $65.1 Million
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Judge to decide Ingersoll retiree panel next week
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Telecoms:

WorldCom, Allegiance get court OK of settlement
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AirGate's IPCS Seeks More Time To File Ch 11 Plan
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CTC Communications Gets More Time For Turnaround Plan
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Peregrine:

Peregrine Systems to emerge from bankruptcy this summer
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Peregrine Systems(R) Receives Bankruptcy Court Approval of Disclosure Statement
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Peregrine set to seek creditor approval
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Princeton Video Makes Bankruptcy Filing
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Steel:

Ohio Challenges Workers' Comp Status of Warren Steel Firm
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Alterra Healthcare Wants More Time For Turnaround Plan
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Troll Files for Chapter 11 But Vows to Keep Fighting
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National Real Estate Clearinghouse retained to coordinate the disposition of up to 630 Clark Retail convenience stores and gasoline stations
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Judge sets trial date in UAL, Atlantic Coast dispute
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United Shifts Focus on Low-Cost Airline
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Holdout pilots stall Air Canada
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Ailing Air Canada fights to survive
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I'm not here to bury Air Canada. Not yet, anyway
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Cash bonfire continues at Air Canada
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Court monitor warns disaster looms for Air Canada without pilots deal
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Cara reports Q4 loss on writedown of 'doubtful' Air Canada accounts
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Regional jet pilots vote on walkout
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Some see a dirty deal at Southwest Airlines
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Creditor Gives Trinidad Airline Reprieve
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Allou Rejects Sterling’s $32M Buyout Bid
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Asbestos:

Asbestos bill may spur new M&A activity
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Creditors of Building Materials Maker Owens Corning to Recover Little
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Energy:

NRG bankruptcy could boost power bills in Conn.
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FERC Asks Bankruptcy Crt To Wait On NRG Contract Dispute
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Port of Seattle sues big power companies - a harbinger of things to come?
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Carolina Investors:

Carolina Investors Managers To Be On Hot Seat
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Broken Hearts, Wallets, In S.C.
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Penn Traffic:

Grocery Store Operator Penn Traffic May File for Bankruptcy Protection
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Quality Markets' stores not expected to be hurt by halt in vendor shipments
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Sunshine Mine goes to bankruptcy court
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Idaho Mine Owners File For Bankruptcy, Thwarting County Tax Collection
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Louisville Orchestra may seek bankruptcy protection
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Trustee Puts Off Locking Out Owner of Rhode Island's Newport Creamery
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Defunct boat builder faces federal probe
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Founders Try to Gain Control Of National Century
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Burlington Indus Gets Crt OK To Hire 2 Investment Banks
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Macheezmo Mouse chain files for bankruptcy
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More Bankruptcy Judges Coming to DE
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Auto Analyst: Any Of Big 3 Could Go Bankrupt This Decade
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Deals Made in Court Regarding Bankrupt Eugene, Ore., Shopping Center
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Subsidiary of President Casinos, Inc. Emerges from Reorganization
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Doc Freeman's hits bottom
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TEMCO bankruptcy won't affect plant
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Consolidated Freightways properties net $207 million
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Korea:

S.Korea govt steps in as SK Global tremors spread
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SK Group head pledges to rescue trading unit
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Australia:

In the hot seat, with a cool mind - Australia's pre-eminent insolvency practitioner
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South Africa:

Liquidations soar as the economy decelerates
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India:

Bharucha will be arbitrator for Dabhol lenders
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Thailand:

Bankruptcy court to have final say
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Siam City Cement eyes TPI Polene
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Germany:

Uncertainty over Saban takeover of KirchMedia
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Japan:

Japan must stick to painful reform, says leader
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Japanese Maker of Nuclear-Power Generating Equipment Files for Bankruptcy
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Is Resona the tip of the iceberg? - Cozy auditor-client relationships may be breaking down
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Failed Mycal to Repay 30 Pct of Individual-Held Bonds
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