November 13, 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Airlines:

Just call United's new discount carrier Ted
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Sabena bankruptcy could have been avoided
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Air Canada's high flyer
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Air Canada's Milton Defends Restructuring Bonus
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In-flight menu suddenly up in the air
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Kitty Hawk continues bankruptcy recovery
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Delta Air Increases Its Estimate of Loss
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Investors Buy Midwest Airlines' Headquarters
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Enron:

Presiding over Enron's funeral
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Enron sues banks to recover fees -- The Complaint
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Enron Sues 2 Big Creditors: Citigroup, J.P. Morgan 
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Enron hit man never says never
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NJ Man Pleads Guilty In Bankruptcy Liquidation Theft Case
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Corporate Reform:

Ex-SEC Chairman Blasts NYSE Reform Plan, Mutual Funds
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Former Health Care Executive to Get Eight Years in Prison, Pay $1.5 Million
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Workers Testify in Healthsouth Sentencing
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Witness: Loans were on Tyco's books
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A U.S. judge proceeded with a sentencing hearing for ex-HealthSouth officials who have admitted roles in accounting fraud
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Austin: Bradley bankruptcy trustee continues pursuit of Lazarus fund
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Accounting:

Numerica chiefs set for windfall
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Bank of America Faces Allegations
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KLegal vows to save network in wake of KPMG separation
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Auditors question Virbac accounting practices
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DIP dimensions: American Plumbing & Mechanical Inc.
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Amerco Reaches Pact With Unsecured Creditors Committee
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Solving Financial Fraud Cases Takes Long Time
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Steel:

Protecting whose steel?
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President may dump tariffs on steel imports
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PrideFest announces efforts to avoid bankruptcy, demise
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Pittsburgh steels itself for a fiscal nightmare
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Florida-Based Firm Acquires Properties from Bankrupt Las Vegas Resort Company
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She's got the bankruptcy blues
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IRS wrong in rejecting offer in compromise under blanket internal rule for all bankrupt taxpayers
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Tax debt generated by tax-shelter investments subject to same tough bankruptcy rules
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Agway inks deal to sell produce division
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  Judge Denies Conseco Bid To Freeze Ex-CEO's Assets
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Hilbert wins round in debt battle
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Bankruptcy Reform:

A sea change in the nature of consumer bankruptcy in America?
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Law:

Chicago Attorneys Deal with Shrinking Law Offices
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Mayer Brown to unify profit pools
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Wall Street firms' bonus round to gauge rising confidence
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EC sets out to harmonize legal rules across Europe
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Law Firms Make Moves Into Lobbying Practice
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Women and Attorneys of Color at Law Firms
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Availability and Use of Part-Time Provisions in Law Firms — 2003
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Law firms are neglecting to perform thorough due diligence on the firm with which they intend to merge
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E-Gadgets Help Keep a Jury's Attention
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ABA set to challenge Brussels regulators on privilege rights
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UK law firms facing prospect of laying off partners
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Lawyer Sues Former Firm Over Unpaid Compensation
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Freshfields finalizes its top team with co-head and chief executive
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The full implications of taking a stake in the firm are not always carefully considered
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Trend Toward Shorter Firm Names Continues
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Celebrity Lawyer and LA Sleuth Eyed by Grand Jury
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Leading UK firms retaining bulk of associates
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Fee Award of Two Times the Verdict Called Not Enough
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Headhunters Develop Specialty in Placing Minority Attorneys at Firms
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Jurisdictions' disparate rules on limiting lawyers’ liability is a headache for global law firms.
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Weil Gotshal loses London securitisation partner
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Literary license - Bankruptcy lawyer's novel skewers Wall Street, attorneys and the ubiquitous Blackberry.
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Judge OKs Plainwell settlement
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Spiegel Asks For 90 Additional Days To File Reorg Plan
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Ford Debt Rating Cut to S&P's Lowest Investment Grade
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Court Says Bank Votes Will Count In Exide Confirmation
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Creditor sues Great Northern's directors
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Letter from Delaware - Chicago drops in rank, a motion to oust Owens Corning judge, the rapper from Enron and more
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Nitro-Pak files Chapter 11
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Court Ends Crown Pacific's Exclusivity
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Mississippi Chemical brings back furloughed workers
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Intelsat Sees Loral Acquisition Finished By Year End
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Jones Apparel Group, Inc. Increases Purchase Price For Kasper A.S.L., Ltd.
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Telecoms:

Audit Committee Disputes Huge Fees in WorldCom Bankruptcy

PanAmSat Buys Network Assets of Bankrupt Sonic Telecom
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StarBand Prepares to Exit Bankruptcy
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Sides Reach Deal in Butte, Mont.-Based Telecom Touch America's Bankruptcy Sale
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C&W pleases with plan for cheaper US escape
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Ricochet evaluates options to continue service
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Energy:

PG&E profits rise / Bankrupt utility still charging high rates
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Bankruptcy watchdogs get $1 million
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A seat at the bankruptcy table
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Feds unexpectedly rest in ex-Dynegy exec's trial
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Defense Gets Chance in Dynegy Fraud Trial
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Unitil and Mirant Resolve Power Contract Issues
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UK:

Regus soars on freedom from Chapter 11
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Continued fears over insolvency ruling
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Clifford Chance advocates QC-type rank for all lawyers
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The Bankruptcy Minefield
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Small firms set for 'toughest year ever' in 2004
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Enterprise Act called to account by ICAS
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NTL to cut link with past - by making money
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Reichmann Plans Canary Wharf Bid as Offers Rejected
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Canada:

Speed camera company in voluntary administration
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Commercial Litigation NetLetter (Canada)
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Australia:

Former One.Tel boss abandons asset transfer agreement
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Jodee Rich ends controversial agreement with wife
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Ansett superannuation deed unfair, says QC
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Russia:

Marshals Serve and Seize, For a Price
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Philippines:

Cyber Bay bankruptcy feared
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Israel:

Bankruptcy filings up 12% in 2003
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