Airlines:
Stiffing
Workers, Not Big Shots - How American
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SARS,
war not main worries for airlines
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United
CEO lauds airline's progress
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UAL
Posts Its 2nd Largest Deficit Ever
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For
business travelers, one-way tickets are the new way to go
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Analysts
Think Airlines Have Reached Bottom
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Pittsburgh
to US Airways: Get real
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Revamped
Swiss faces same problems
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Laid-off
union members fret about getting their back pay
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Inconsistency:
New Hobgoblin for the Airlines
(NYT: separate free registration required)
Workers
finding pensions in peril
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Ex-United
mechanics struggle to find work
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New
Rules, Fewer Perks for Airline Workers
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Ex-TWA
workers feel doubly betrayed
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Hawaiian
creditors panel votes support for a bankruptcy trustee
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Air
Canada demands 10% paycut
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Air
Canada unions won't acquiesce to pay cuts
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UAL
in the hole / Losses stack up, more cuts sought
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United
hires ex-boss of ATA
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UAL
Expects $300M From Government Under Wartime Act
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_________________
Telecoms:
Integrated
Telecom begins its liquidation
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WorldCom
CFO's digs up for lease
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The
WorldCom trigger
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E-Plus
to buy MobilCom's 3G network
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Judge
Mulls Cedar Rapids, Iowa-Based Telecom Suit
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Asia
Global reveals plans to hand out cash
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Devon
Mobile Communications, L.P. Receives Bankruptcy Court Approval on Series
of Proposed Transactions
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Integrated
Telecom Express' Chapter 11 Plan of Liquidation to Become Effective
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___________________
Corporate Reform:
Demands
from shareholders for greater transparency
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Critics
Want More Corporate Remorse
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Grassley
Targets Scandal-Plagued Firms
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Sarbanes'
whistleblower provision spawns new cases
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America
no longer a model for decent society
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Grass
still green for top execs
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Class
act from the real king of torts
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Entrance,
Exit Bonuses for CEO's Show Few Signs of Restraint
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________________
Ninth
Circuit Rejects All-or-Nothing Approach to '523(a)(8)
Boston:
The Dynasty's over, at least for now
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Sub-prime
lender is object of anger in several states
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Truth
about Social Security insolvency is out
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Kaiser
Alum/Assets: Only Will Consider 'Acceptable Terms'
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Lone
Star to be saved
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Bankruptcy
auction for G. Neil nets $34.7 million: NBA's Timberwolves owner takes
command of Sunrise firm
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HealthSouth
CFOs: Scrushy Made Us Do It
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Fierce
auction marks the end of Divine hope
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Bankruptcy
filings in 1Q on a record pace
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Creditors
block Malden Mills Ch. 11 exit
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Kmart:
Kmart:
Out of the frying pan...
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New,
leaner Kmart looks to future
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Next
chapter
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Does
Kmart have what it takes to survive?
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Kmart's
top brass among top earners
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Pair
is going shopping for old Kmart buildings
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__________________
Jomed/Bankruptcy:
Regrets Bankruptcy, Wants To Exit It
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Law Firms:
Chicago
Firm Cuts Jobs and Salaries, Rescinds Offers to Incoming Associates
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Cravath
stays online with AOL
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Top
Firm's $13 Million in Fees Questioned in Schools Suit
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Stephen
Fraidin's move last month to Kirkland & Ellis may be ominous (scroll
down)
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Getting
the Boot at Brobeck
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Law
firm scoops up 121 former Brobeck attorneys
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London
Firms Slash Partnerships for Associates
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Hiring
diverse professionals is good business for law firms
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Firms
leverage paralegal skills to improve business efficiency
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2
acts create new play for legal firms
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The
Injudicious
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________________
Symphony
puts Heinz Hall on the block
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Energy:
$100M
jolt to APX may lead to bankruptcy
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For
NRG Chapter 11, Legal Experts Would Pick Delaware
(WSJ: separate paid subscription required)
TransTexas
Files Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy
Code
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___________________
Enron:
Enron
& Co. Having a Laugh
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Citigroup
to settle Dynegy, Enron claims?
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New
Enron Indictments Miss Top Execs
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Authors
approach Enron escapades with different tones
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Lea
Fastow seeks to move case to husband's court
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Grand
Jury Indicts Portland, Ore., Resident for Enron Dealings
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_______________________
Steel:
Death
of an Institution
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650
retirees at Beth Steel to get refund from insurer
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___________________
Bankruptcy
Reform:
Conflicts
of Interest
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______________________
Their
mistake, but your loss
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Paying
the price for money
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Convergence
of ill economic winds plagues hospital finances
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Florida
Philharmonic Facing Bankruptcy
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Top
officers of bankrupt mortgage firm admit fraud
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Wall
Street:
Spitzer
Expects Charges Against Stock Analysts
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______________________
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New
Bankruptcy Opinions
(No new opinions today) Bankruptcy
Court Web/Pacer Site Directory Weird
News
(DBN Subscription Required) Are
critical vendors just acting like spoiled kids, or will they really
refuse to supply debtors unless prepetition claims are paid? Illinois
may be the testing ground.
(DBN Subscription Required) Retention
bonuses help firms through uneasy times
(DBN Subscription Required) New
team tries to rescue bankrupt Cintech: Tech firm makes plans to emerge
from Ch. 11
(DBN Subscription Required) Accounting: How
To Really Hate Your Auditor
(DBN Subscription Required) Eager
to Be the Auditors' Auditor
(DBN Subscription Required) __________________________ Essential
Therapeutics files reorg plan
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New Asbestos?
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Bean considering purchase of Eddie Bauer
(DBN Subscription Required) Companies
want tax refunds on bogus profits
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shareholder suit against Raytheon gets class-action status
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execs ousted by Conseco file big claims
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contractors going after homeowners
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chase Insurall
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First execs jailed
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fate depends on reviving revenue
(DBN Subscription Required) 95-year-old
Boise business files for bankruptcy
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Extends Voting Deadline for Reorganization Plan
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in debt tell of loans that made matters much worse
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trustee: Silipigno's $6M payment will make job easier
(DBN Subscription Required) Hockey: Saving
the Ottawa Senators is viewed as an act of highest patriotism.
(DBN Subscription Required) _________________________ England: Leagues
still hit by TV fallout
(DBN Subscription Required) _____________________ Solomon
Islands: Cash-strapped
Solomons struggles to afford democracy
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as TPI misses $8.5m payment
(DBN Subscription Required) Creditors'
new team has Prachai unhappy Receivers call firings of executives
invalid
(DBN Subscription Required) __________________ Canada: Beta
Brands Announces A Foreclosure on its Assets by the Company's Secured
Senior Lenders
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sinking feeling
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bad loans continue to frustrate banks
(DBN Subscription Required) Debt-saddled
Daiwa seeks protection
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seeks ban for Elliott for trading while insolvent
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verdict holds key to Elliott's future
(DBN Subscription Required) ______________________ Pakistan: Defaults
double in 10 years
(DBN Subscription Required) _____________________ Malaysia: Pay
Up or else.....
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