November 18, 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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Enron:

Enron suit seeks $1 billion payback
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Lea Fastow plea bargain deal falls through
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Judge Keeps Lea Fastow Trial in Houston
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Heiress In Handcuffs
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Enron Gets Another Week to Iron Out Objections to Plan
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Oregon Seeks $450 Million From Bankrupt Enron
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Toys 'R' shuts shops, slashes workers
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Rival stores drain sales from toy retailers
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When Is Your "Debt" Claim Not A Debt Claim?
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11th Circuit: Bank Not to Blame for Ponzi Theft
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Telecoms:

ICG to cut 100 jobs, may sell some assets
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Corporate Reform:

Morgan Stanley to pay $50 million
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The Hidden Side of Sarbanes-Oxley
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Moody's downgrades $1.7 bln DVI asset-backed notes
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Economists Ponder Reasons for Increase in Bankruptcy Filings
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Telecoms:

MCI Reports Loss of $35M in September
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StarBand Cleared To Exit Bankruptcy
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WorldCom buys out Laurel's Digex in dollar sale
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Penthouse Warns of Loss, Delays Report
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Cancellation of Indebtedness Income
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Health Net/Superior National Suit: Co. Says To Defend Suit Vigorously
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Comp must cover deadbeat firm, bankruptcy judge rules
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Consolidated Freightways to continue property sell-off
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Icahn Affiliate To Acquire Certain Philip Services' Debt
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Farmland purchase to get public hearing
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FiberCore files for Chapter 11 bankruptcy
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Bob's Stores ready for auction
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Is Pension Crisis a Scapegoat?
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Personal Guarantees: Is Your Guarantor Shielding Assets as a Result of the S-O Act?
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PurchasePro's former execs fight moves against them
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$60,000 in debt on a $15,000 income
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Piccadilly Cafeterias, Inc. Receives Notice from American Stock Exchange of Intention to Delist
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Bankruptcy as a risk management tool: Economic and social implications
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  Courts May Block Arbitration if It Impacts Bankruptcy
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HomeGold Trustee seeking money
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Businessmen named in Carolina Investors suits
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Consumers borrowed U.S. out of recession
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Figures Show Bankruptcy Filings Up Nationally, but Down by Nearly 7 Percent in Central District CA
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Airlines:

Swiss airline's loss widens
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US Airways' gambit
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Pilots union responds to Delta pay-cut proposal
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CEO Hopes to Pilot Dallas Airport-Based Cargo Airline to Profitability
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Conseco operates with 2 sets of books for now
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Steel:

U.S. steelmakers agreed to end tariffs on steel imports earlier than scheduled
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Wheeling-Pittsburgh Results: 2 Mos Sales $159.8M
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Copperweld reorg plan confirmed
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Steel Tariffs Likely to Cost Thousands of Jobs Either Way
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Steelworkers agreement with Cleveland-Cliffs brings EVTAC reopening closer
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HealthSouth Dir: Board Change Could Trigger Liquidation
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Accounting:

Dramatic plunge in PwC revenues
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NZ High Court endorses big tax penalties fro PwC valuation
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KPMG faces grilling over tax shelters
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Board Chief: Accounting Firms Must Reform
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Deloitte reappointed to BSkyB at a price
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U.S. Audit Cop Warns Accountants on Tax Shelters
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Energy:

New charges likely; trial set for ex-El Paso trader
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Mirant puts Canada natgas operations on block
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Bankruptcy judge OKs NorthWestern's use of PR firm
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Edison: Will Be Able To Refinance Unit's Debt Due Dec '04
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MDU, Co-Ops Mull Buy of Power Assets From NorthWestern
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PG&E bankruptcy testimony ends, final arguments set
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MDU forms alliance to mull Northwestern bid
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US Liquids/Cuts Debt: Seeks To Extend Dec. 1 Maturity
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Critical Path: Existing Cap Resources Insufficient For Ops
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Galey Lord/Bankruptcy: Sees Ch 11 Emergence In 2004
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Asbestos:

W.R. Grace Names Festa President, Operating Chief
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ABB Says New Appeals Hearing Date Jan 12
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Law:

Firms Make Millions Lobbying Federal Government
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What Midsize Law Firms Must Know to Hire Future Partners
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Practice Management Tips to Consider Now
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Ex-Governor Did Not Know of Law Firm's Oil Giant Ties
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Lawmakers urge State Bar to probe law firm for conflicts
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Pillsbury completes management elections
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New data on the going rate for lawyers
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MDPs out in the cold
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Agents of Change - Recruiting firms are focusing on minority attorneys as GCs pressure firms to diversify their ranks
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Legal Administrators Sound Off About Their Evolving Role as Leaders
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Simple Ideas to Reinvigorate Your Marketing Approach
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UK:

Plan to modernize bankruptcy laws
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Strategic gamble which saw a mogul meet his Waterloo
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Suitors queue up to express an interest
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Hollinger's Black Aided His Own Undoing by Ignoring Investors
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KSB Law to slash 55 jobs
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Australia:

Ansett super case goes to mediation
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Mediation ordered for Ansett dispute
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Japan:

Public assistance helps stem bankruptcy rate
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Japan policymakers at odds over pension reform
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Malaysia:

Bankruptcy Act to include all civil servants
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Germany:

German Biotechs Seen Struggling for Cash in 2004
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Delphi OKs Bankrupt Grundig Audio Buy
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