May 6, 2003 

HealthSouth:

Groups protect themselves from HealthSouth woes
(DBN Subscription Required)

Fifth Ex-HealthSouth CFO Pleads Guilty
(DBN Subscription Required)

Ex-CFO's plea adds to Scrushy's troubles
(DBN Subscription Required)

_______________

Magellan Health, Creditors Panel Don't Want Equity Panel
(DBN Subscription Required)

Bankruptcy try foiled, ex-cop awaits trial
(DBN Subscription Required)

Enron:

Examiner's inquiry is called `overkill'
(DBN Subscription Required)

__________________________

Former Nat'l Century chief to name board members
(DBN Subscription Required)

Cannondale Completes Chapter 11 Sale to Pegasus
(DBN Subscription Required)

Possibility of Goodyear bankruptcy chills bids for chemical division
(DBN Subscription Required)

Clearwater: Medical testing company shoots for reorganization
(DBN Subscription Required)

Credit Risk Equals Driving Risk?
(DBN Subscription Required)

Lawyer inducted into American College of Bankruptcy Fellows class
(DBN Subscription Required)

Asbestos:

ABB asbestos deal delay pushes back key unit sale
(DBN Subscription Required)

_______________________

Americans Taking Few Measures to Reduce Credit Card Debt
(DBN Subscription Required)

Accounting change prompts $600M loss at Hayes Lemmerz
(DBN Subscription Required)

Spiegel to cut 635 jobs
(DBN Subscription Required)

SONICblue Incorporated Agrees to Sell Diamond Supra Modem Business to Zoom Telephonics, Inc.
(DBN Subscription Required)

Bankrupt Eagle Foods Centers Seeks Extension for 10-K Filing
(DBN Subscription Required)

Steel:

Despite resistance, steel industry sees tariffs as vital
(DBN Subscription Required)

ISG, Steelworkers OK on Beth Steel
(DBN Subscription Required)

A steel industry chief says hard decisions are needed
(DBN Subscription Required)

U.S. Steel Offers Early Retirement
(NYT: separate free registration required)

__________________________

Acterna Prepares Reorganization Plan
(DBN Subscription Required)

Energy:

Troubled Energy Firms Get A Breather, but Debts Loom
(WSJ: separate paid subscription required)

_______________________

Photoelectron Corp Files For Chapter 7 Liquidation
(WSJ: separate paid subscription required)

Computer Distributor Daisytek Lays Off 160 Workers
(DBN Subscription Required)

Bankruptcy not only option
(DBN Subscription Required)

Investment Bank Layoffs Hit NYC Hardest
(DBN Subscription Required)

Investors File Suit Against Allou Execs, Accountants
(DBN Subscription Required)

Essential Therapeutics 20 Largest
(DBN Subscription Required)

Consolidated Freightways:

Consolidated Freightways sites up for bid
(DBN Subscription Required)

The largest real estate sale in transportation history
(DBN Subscription Required)

______________________

Asbestos:

Armstrong to make another plan change
(DBN Subscription Required)

________________________

Telecoms:

WorldCom's bankrupt argument
(DBN Subscription Required)

Creditors Committee in iPCS Case Asks Bankruptcy Court for Permission to File and Prosecute Action Against Sprint PCS
(DBN Subscription Required)

ICG Is Planning Layoffs
(NYT: separate free registration required)

Globalstar Asks Crt To OK $35M DIP Financing From Buyer
(WSJ: separate paid subscription required)

ICO To Rescue Globalstar From Black Hole
(DBN Subscription Required)

Asia Global Crossing Proposes Recovery Plan To Creditors
(WSJ: separate paid subscription required)

__________________

Marconi 'Bankruptcy' Lies At Heart Of Dresdner/BGB Law Suit
(DBN Subscription Required)

Kmart:

Kmart Debtholder Pushed Quick Exit From Chapter 11
(DBN Subscription Required)

Kmart Leaving Chapter 11 As A Company In Flux
(DBN Subscription Required)

___________________________

L.L. Bean tries on Eddie Bauer
(DBN Subscription Required)

St. Louis schools consider hiring ‘turnaround’ firm
(DBN Subscription Required)

Home equity loans are a disaster looming for millions
(DBN Subscription Required)

Judge's decision on freezing assets could affect other church parishes
(DBN Subscription Required)

Law Firms:

Firms' Shallow Pockets Frustrate Plaintiffs
(DBN Subscription Required)

Eckert Seamans opening Delaware office
(DBN Subscription Required)

Law Firms Prepare for Iraq Business
(DBN Subscription Required)

Home Free
(DBN Subscription Required)

Security acts bolster law firms
(DBN Subscription Required)

Kellerman quits Hale and Dorr for Morgan Lewis
(DBN Subscription Required)

Linklaters turns to Angel for 2nd term
(DBN Subscription Required)

Ashurst Fried Frank: talks are off
(DBN Subscription Required)

NY Firm Elects First Female Managing Partner
(DBN Subscription Required)

Practice Leader Defects
(DBN Subscription Required)

______________________

Plaintiffs to Contest Philip Morris Deposit
(DBN Subscription Required)

Accounting:

Accredo Health fires auditors, files lawsuit
(DBN Subscription Required)

Sarbanes-Oxley Implementation: Painful and Costly
(DBN Subscription Required)

Job Offers, Salaries up For Accounting Grads
(DBN Subscription Required)

Another blow hits besieged Ernst&Young
(DBN Subscription Required)

Audit fees swell after scandals, new law
(DBN Subscription Required)

Honeymoon Over at Tyco?
(DBN Subscription Required)

_________________________

Pittsburgh finances are grimmer than believed, City will run out of money by November
(DBN Subscription Required)

Going-Out-Of-Business Sales Now Under Way At All 63 Remaining Mr. Rags Stores Nationwide
(DBN Subscription Required)

Bond-Holders Buy Graham-Field
(DBN Subscription Required)

Safety-Kleen wants more time
(DBN Subscription Required)

Planet Hollywood seen as weak link in bid for Aladdin
(DBN Subscription Required)

Advanced Lighting Technologies offers bankruptcy plan
(DBN Subscription Required)

Hockey:

New owner takes reins in Buffalo
(DBN Subscription Required)

_______________________

New Bankruptcy Opinions
(5 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Airlines:

More Cuts Planned At United Airlines
(DBN Subscription Required)

Hawaiian managers battle for control
(DBN Subscription Required)

Delta's cuts should rise to the top
(DBN Subscription Required)

US Airways: 'No choice' on rejecting leases
(DBN Subscription Required)

Swiss Miss
(DBN Subscription Required)

American Airlines Still Struggling as It Recovers
(DBN Subscription Required)

Brazil's Varig To Cut 350 Jobs, Return 3 More Aircraft
(DBN Subscription Required)

Air Canada lays off 800
(DBN Subscription Required)

400 Air Canada management, non-union employees get their notices this week
(DBN Subscription Required)

Delta asks pilots for concessions
(DBN Subscription Required)

NWA president tells federal panel pension proposal is crucial
(DBN Subscription Required)

Northwest unions question pension funding plan
(DBN Subscription Required)

Air Canada Announces Details of Cuts
(DBN Subscription Required)

Bankrupt Airline Sells Magritte Painting
(DBN Subscription Required)

Airlines are seeking legislation that would let them put off catch-up contributions to pension plans for almost five years
(WSJ: separate paid subscription required)

United to Shut Two Maintenance Facilities
(DBN Subscription Required)

______________________

Fleming Announces Sale of 31 Minnesota Rainbow Stores
(DBN Subscription Required)

Roundy’s buying Rainbow Foods stores
(DBN Subscription Required)

New bankruptcy judge sought for Erie
(DBN Subscription Required)

Memphis: Church-run housing falls into bankruptcy
(DBN Subscription Required)

Comments sought on bankruptcy judge
(DBN Subscription Required)

Scotland:

Business Is Bad In City
(DBN Subscription Required)

Law firms increase staff and income despite slowdown
(DBN Subscription Required)

______________________

Australia:

The fall of John Elliott
(DBN Subscription Required)

Court finds Elliott knew of insolvency
(DBN Subscription Required)

Wheels grind to a halt for Elliott
(DBN Subscription Required)

Elliott's response reveals sting of judge's words
(DBN Subscription Required)

_______________________

India:

RBI warns lenders on margin, security
(DBN Subscription Required)

________________________

Norway:

Nordic Water says to file for bankruptcy
(DBN Subscription Required)

__________________

Taiwan:

Mosel Vitelic at risk of bankruptcy
(DBN Subscription Required)

_______________________

Thailand:

Thai Minister Backs Joint Approach to Petrochemical Firm's Restructuring
(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.

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.  

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