November 10, 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
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Kmart:

Judge dismisses charges against 2 Kmart figures
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U.S. government drops fraud case against former Kmart executives
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Hard to hunt, those crooks in suits, caves
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Law:

2003 Summer Associates Survey: Finding the Right Fit
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Atlanta Law Firm to Relocate 500 Attorneys, Staff from Downtown to Midtown
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Jones Day ditches Gouldens name
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Law Firm Fined For 'Piling On' Claims
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Minorities lagging at big law firms
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Defense Lawyer Jailed Four Years After Rude Conduct at Trial
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Women, minorities pick up speed at bigger law firms
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Valley's big law firms find they're less attractive
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NY Firm in Merger Talks
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Now for Law Firms, Too: Competing for Business Online
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NY Practice Leader Defects
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Rush-Hour Traffic Costs Lawyer $5 Million Malpractice Judgment
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Telecoms:

Wrestling Over WorldCom's Bill
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WorldCom finds a thorn in its side
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C & W's US future left in doubt after talks collapse
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Steel:

WTO May Give EU, Japan Go-Ahead for Steel Sanctions
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Bankruptcy judge OKs WCI pension payment
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Enron:

Enron settlement with Andersen group OK'd
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Lay yields, to turn over Enron records to SEC
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Judge lets Nevada utilities post security in Enron case
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Enron headquarters is put up for sale
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Enron Prosecutors Focus on Tiny Deal
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Enron: the hunting season is on
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They're Getting Close
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Enron fraud was hard to detect
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How painfully naive do they think we are?
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Extended warranty could be worthless due to bankruptcy
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S.A. symphony finds itself at a crossroads
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Racing Services, Under Receiver, Makes Payment
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The root of all discord
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Soaring health costs echo in boardrooms
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Supreme Court Arguments Today In Lamie v. U.S. Trustee - May a bankruptcy court authorize the award of fees to an attorney for a Chapter 7 debtor?
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Energy:

Most against NorthWestern bankruptcy funds
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Bankruptcy and bonuses
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Deep in Debt, Montana Utility Still Pays $2.6 Million Bonuses to Executives
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Stockholders come in last
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NorthWestern wins approval to amend DIP
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Buchanan lambastes NWC bonuses
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NRG to Continue Supplying Connecticut Light and Power
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HomeGold selling portion of assets
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  Airlines:

United Air Reaches Denver Deal
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Fewer American Airlines pilots to lose jobs
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States Pay for Jobs, but It Doesn’t Always Pay Off
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Q&A: Delta CEO on Cuts, Compensation
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Hong Kong Family Helps Air Canada Rescue
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Tycoon's son to help rescue Air Canada
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HK tycoon taking risks with Air Canada bailout
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Air Canada's Milton Seeks to Exit Bankruptcy With Li's Backing
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Air Canada picks Trinity Time as partner
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AirCan stock 'worthless'
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Asbestos:

Insurers Knew Of Asbestos Risks
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Documents show insurance industry downplayed asbestos data
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Honeywell International Sees $110 Million Of Asbestos Payments In 4Q
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Asbestos suits have Hatch and son on opposite sides
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Armstrong plan rebuked by debtholders
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For many asbestos victims, workers' comp worked against them
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A family ravaged by asbestos
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Lax lending blamed at Partners
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Living on Borrowed Money
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Debt Doom Lurking
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Retailing:

As gloom lifts, holiday shoppers may spend more
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The road to bankruptcy
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Pittsburgh, the `comeback city,' is barreling toward bankruptcy
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End of the Jobless Recovery?
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First City turns corner on final days
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Boston company plans to revive Baltimore Marine
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Baltimore Marine Industries Sold at Auction
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FAO:

A Bleak Outlook For FAO
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FAO Is Exhausting Cash, Eating Its Words
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FAO Asks Banks for More Money, Might Sell
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FAO says sales slump threatens liquidity
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The mystique of Swiss banks
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College Students Declaring Bankruptcy
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Amerco Cuts Exit-Financing Requirements to $550 Million
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Consumer borrowing rises
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What to do if your tour operator files for bankruptcy
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Corporation wasn't §362(h) "individual"

Bankrupt Calvert City, Ky., Waste Firm to Pay Debts if Allowed to Stay Open
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State: Defunct docs group stalled referrals for profit
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Owner of Dallas Office Building Files for Bankruptcy
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Medicaid repayment terms could sink struggling hospitals
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Product safety officials investigate bankrupt Kent Inc
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Dear Abby
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Trash hauler's bankruptcy has towns seeking new service
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Marina, Calif., Security Firm Slides from Bankruptcy to Liquidation
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Paradigm Advanced Technologies, Inc. Announces Bankruptcy Filing
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankruptcy, arson issues split court
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Colorado bankruptcy filings hit record for year
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Corporate Reform:

Scrushy Names Trial Team
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Scrushy's Prognosis Looking Worse Than HealthSouth's
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Ex-HealthSouth CEO Hires More Lawyers
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Putnam: Andersen all over again?
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Scandals Make Weathly Reluctant to Invest
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Scouting Agency to Liquidate Assets in Nevada Court
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Accounting:

HealthSouth Officials All Flush About 'Pristine Audit' Costs
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Federal Court Blocks Tax Avoidance Scheme
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Legal networks that will need careful handling by Big Four
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Ousted CEO plans to write book detailing experiences at Aliquippa
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Grubbs creditors wait for news
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Possible options to buy Channel Master's assets do not bode well for workers
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Penthouse:

Guccione makes way for older man
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Penthouse blue turned red
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UK:

It's like a red balance sheet to a bull
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When insolvency comes as a relief
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Three top firms may face account probes
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There are better ways to avert financial scandals
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Household debt blamed for leap in insolvencies
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Cathedral £4.5m in debt after millennium fiasco
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Danger of putting loans in one basket
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Top clubs boot out insolvency penalties
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Troubleshooters move in after Hull fails to act on warning
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9,000 go bust in 3 months
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Credit crunch on the way
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EU:

Brussels Warns Bankruptcy Laws Deterring Entrepreneurs
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Germany:

I.G. Farben May Sue WCM Over Insolvency Filing
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End near for concentration camp gas maker
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MobilCom Lost 100,000 Customers in Third Quarter
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Canada:

My so-called sponsored life?
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Japan:

Japan's RCC Bailout Agency May Need Its Own Handout
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Australia:

Bank settles dispute with Hobart man
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Union bid to protect payouts in bankruptcies
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To have and to hold
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Ireland:

Dope-to-sofas boss goes bust
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