May 8, 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

         
When the music stops - What will happen to all the practitioners when the insolvency boom ends?
(DBN Subscription Required)

Insolvency: The transatlantic turf war
(DBN Subscription Required)

Law Firms:

ABA set to overturn whistle-blowing ban
(DBN Subscription Required)

NY Bankruptcy Practice Hit With Another Key Defection
(DBN Subscription Required)

Ashursts left to pick up pieces as merger fails
(DBN Subscription Required)

Hire When Ready
(DBN Subscription Required)

Goldsmith and Barclays team up for radical pro bono plan
(DBN Subscription Required)

Firms often lose key clients because influential partners are too scared to ask them what they think of them
(DBN Subscription Required)

Telecom Team Defects
(DBN Subscription Required)

Attorney Fees in Personal Injury Cases Targeted
(DBN Subscription Required)

Hale and Dorr in profits hike
(DBN Subscription Required)

Going to the Videotape - As video depositions become widespread, more questions arise
(DBN Subscription Required)

Dentons enters talks over NQ intake and job cuts
(DBN Subscription Required)

Couderts appoints new chairman
(DBN Subscription Required)

AIG's Malpractice Business Grows
(WSJ: separate paid subscription required)

UK firms blaze global trail with overseas promotions
(DBN Subscription Required)

Akin Gump takes Brobecks partner
(DBN Subscription Required)

Simmons set to follow Clifford Chance in cutting salary bands
(DBN Subscription Required)

Nixon Peabody set for second US merger
(DBN Subscription Required)

General counsel enjoy rising corporate governance profile
(DBN Subscription Required)

Axa in bid to gain tighter handle on professional use
(DBN Subscription Required)

Clifford Chance answers critics with pro bono support
(DBN Subscription Required)

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

________________________

Asbestos:

Asbestos Verdict in California Case Worries Insurers
(NYT: separate free registration required)

Jury Rules Insurers Must Pay Future Asbestos Claims
(DBN Subscription Required)

U.S. asbestos ruling could hit insurers
(DBN Subscription Required)

________________

Daisytek's U.S. units file for bankruptcy
(DBN Subscription Required)

Struggling firms decide to go private
(DBN Subscription Required)

Malden Mills clears reorganization hurdle
(DBN Subscription Required)

Fleming could be for sale
(DBN Subscription Required)

Corporate Reform:

Brokerage accord has lawmakers wary
(DBN Subscription Required)

Securities regulators missed "systemic" problems on Wall Street
(WSJ: separate paid subscription required)

Seeing Evidence in E-Mails After the Wall Street Settlement - Now Comes the Juicy Part
(DBN Subscription Required)

_____________________

Florida Philharmonic files notice that bankruptcy may be near
(DBN Subscription Required)

Seattle struggling through severe slump
(DBN Subscription Required)

Inflation's slowdown has many economists worried
(DBN Subscription Required)

  Letter from Delaware
(DBN Subscription Required)

Insolvency Conflicts: Great Barrier Reef
(DBN Subscription Required)

Bankruptcy Reform:

SEC chief criticizes bankruptcy adviser change
(DBN Subscription Required)

SEC Chief Pans Bankruptcy Adviser Change
(NYT: separate free registration required)

_____________________

Airlines:

Layoffs, 'Bumping' Begin at American
(DBN Subscription Required)

Head of pilots union says all unions at Northwest must take cuts
(DBN Subscription Required)

Zip Air may not survive Air Canada's restructuring
(DBN Subscription Required)

Hawaiian CEO John Adams' resignation is rejected, while top management distances itself from the legal battles
(DBN Subscription Required)

United Airlines' new rules worse than salary cuts, workers say
(DBN Subscription Required)

Airline execs expect cut-rate fleets to grow
(DBN Subscription Required)

Hawaiian Air notches 2nd lease deal
(DBN Subscription Required)

GE to share Air Canada loan risk
(DBN Subscription Required)

Roddey opposes restructuring airport debt
(DBN Subscription Required)

Jet X gets last of Nationalís plane parts
(DBN Subscription Required)

Brazil's Varig Misses Filing Deadline, Mtg With Minister
(DBN Subscription Required)

Bombardier threatens big layoffs
(DBN Subscription Required)

________________

Enron:

Ex-Enron executive pleads not guilty
(DBN Subscription Required)

Judge expected to tell Enron to give back profits
(DBN Subscription Required)

Another Enron Broadband executive surrenders
(DBN Subscription Required)

_________________

Island Officials Hammer Lancer
(DBN Subscription Required)

Clifford Chance hire boosts US insolvency
(DBN Subscription Required)

Mystery over vendor as markets await £1.4bn Vivendi share sale
(DBN Subscription Required)

Judge continues Hayes' hearing
(DBN Subscription Required)

Accounting:

Auditors feel heat again
(DBN Subscription Required)

___________________________

Energy:

Mirant Seeks Debt Restructuring
(WSJ: separate paid subscription required)

_____________________

Fraud investigation underway after worm bankruptcy
(DBN Subscription Required)

Worm Farmers Learn Business Has Slimy Side
(DBN Subscription Required)

Doctors Community Gets Green Light from Bankruptcy Court to Borrow
(DBN Subscription Required)

Kmart:

Kmart opens with hope as price of stock falls
(DBN Subscription Required)

Kmart Ekes Out First Comparable-Sales Gain Since Aug '01
(DBN Subscription Required)

New Kmart, old concerns
(DBN Subscription Required)

Out of Bankruptcy but Not Out of the Woods
(DBN Subscription Required)

____________________

Photoelectron to liquidate
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

DIP Dimensions: Fleming Cos.
(DBN Subscription Required)

Telecoms:

More affiliate woes bedevil Sprint
(DBN Subscription Required)

Court OKs settlement between WorldCom, Global Crossing
(DBN Subscription Required)

Court Approves Focal Communications Disclosure Statement
(DBN Subscription Required)

IDT urges scrutiny of Global Crossing sale
(DBN Subscription Required)

Global Crossing March Results
(DBN Subscription Required)

Pacific Crossing Wins Court Nod For May 21 Asset Auction
(DBN Subscription Required)

__________________

Steel:

Sorrow, uncertainty at Sparrows Point
(DBN Subscription Required)

A broken trust
(DBN Subscription Required)

____________________

Allou lender seeks trustee to take control of bankruptcy
(DBN Subscription Required)

In Bankruptcy, Are D&O Policy Proceeds Considered Estate Property?
(DBN Subscription Required)

Accounting:

FASB Says Firms Can Expense Cost of Options When They Vest
(DBN Subscription Required)

________________________

Lead Bidder Named in Aladdin Casino Sale
(DBN Subscription Required)

Court Approves Kellstrom Industries Disclosure Statement
(DBN Subscription Required)

Boston: Bankrupt PCD sells unit to West Coast rival
(DBN Subscription Required)

Charges Filed in Fraud Case in Oklahoma
(NYT: separate free registration required)

Boston: Commercial real estate rides out slump
(DBN Subscription Required)

Richard Scrushy can access all of his assets as he defends himself in the HealthSouth accounting probe
(WSJ: separate paid subscription required)

Fantastic Sams salon franchisors bid for chain
(DBN Subscription Required)

Winding up in the EU
(DBN Subscription Required)

Canada:

Canadian auto suppliers' demise may be accelerated
(DBN Subscription Required)

ProMax to Restructure Under CCAA
(DBN Subscription Required)

_____________________

England:

Insolvency: Evolution not revolution
(DBN Subscription Required)

__________________

Germany:

Germany facing slide into recession
(DBN Subscription Required)

_________________

New Zealand:

CTU Seeks Insolvency Backup Bill For Redundancy Contracts
(DBN Subscription Required)

_______________________

Japan:

Disneyland operator decides to pass on Huis Ten Bosch rescue attempt
(DBN Subscription Required)

FSA to help insurance firms
(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.  

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