November 19, 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

         
Accusations Leave One Attorney Dead, Others Facing Charges Arising From Helping Client Hide Money From Creditors
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Enron:

Enron parts with Portland utility
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Former Oregon governor leads utility deal
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Enron to make $US2.4b sale
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Texas Pacific Group at center of PGE buyout financing
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Enron to Sell Portland General for $1.25 Bln in Cash
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More charges for ex-Enron CEO Hirko
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Tight credit still slowing U.S. gas, power trade
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Dean: U.S. Vision Must Serve World Interests
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Dean takes Bush to task over 'Enron economics'
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Enron plant stake goes to Reservoir
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'Two-Income Trap' has financial advice for a struggling middle class
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Asbestos:

Halliburton sets Dec. 11 asbestos vote deadline
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Armstrong World: Big Creditors Vote Against Ch 11 Plan
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DII Industries and KBR Begin Supplemental Solicitation Process
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Asbestos producers block proposed ban on imports
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Airlines:

United begins selling tickets for new low-fare carrier Ted
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A big day for Ted - and United
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Reorganized Conseco Posts Profit
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Kmart:

Kmart Creditors Sue Ex-chief
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Kmart creditors accuse execs of bilking company
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Execs' frills bled Kmart, lawsuit says
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Corporate Reform:

FBI Sting Nets 48 Wall Street Arrests
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Tyco Outside Counsel Testifies About Loans
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Friends of Freddie Mac under Scrutiny
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Citing lax oversight, SEC chief proposes reform
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Judge: Stewart must face all charges in indictment
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SurgiCare Announces Recapitalization and Combinations
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Smithfield to Keep Farmland Pork Plants
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Steel:

Steelmakers in tariff compromise talks
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Fansteel, lenders call truce
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Pittsburgh: Council backs distressed status for city
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Defiant Conrad Black says he will carry on as Hollinger chairman
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Spiegel wins extension
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Copperweld Ready to Emerge From Bankruptcy Following Court Approval of Reorganization Plan
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Curtain Closes on Taos Film Festival
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  Credit adviser expects U.S. suit
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Law:

General Counsel Salaries Rose in 2003
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Firm Re-Elects Management Team
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City law firm Lovells ponders US deal
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Firms Take "Wait and See" Approach on Associate Hiring
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Firm Launches Satellite Office in Houston
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Firm Lays Off Staffers
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Catherine Zeta-Jones Lawyers Up Over Atkins Diet Rumors
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Yule Rules: Try Not to Make an Ass of Yourself at the Firm Shindig
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Big Payday for Boies in SCO Defense
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CD Showing Firm's Partners Rock Helps Lure Associates
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Clifford Chance finance director in shock departure
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Telecoms:

Globalstar seeks court OK on Thermo Capital deal
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Globalstar settles for less
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Ricochet Shutters San Diego Network
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Milberg Weiss Taken to Task for Conduct in WorldCom Case
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Accounting:

Investigators rest tax haven blame on shelter industries
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Compromise offered for expensing options
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US Sen Panel Starts Probe Of Acctg Cos, Tax-Shelter Pdts
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KPMG Official Faces Skeptical Senators at Tax Shelter Hearing - Firm Defends Elaborate Offerings
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Accounting and Consulting Providers Get C+ From Companies
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'Tough Love' Approach Sought For Accounting Firms That Donít Reform

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Energy:

California Regulatory Judge Advises Rejecting PG&E Deal
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Call to change PG&E plan - Judge says state should be able to modify rates
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Judge Rejects Parts of PG&E Settlement
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PG&E Issues Statement on Proposed Decisions Regarding Utility's Chapter 11 Exit
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Calif. moves raise uncertainty for PG&E plan
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US utility act repeal could trigger merger frenzy
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NRG Energy creditors approve reorganization plan
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Shaw Group settles claims in NRG bankruptcy
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FAO:

Action Products Demands Payments From FAO
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Saks says to review FAO pact next year
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Tentative agreement struck in Phico lawsuit
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Teetering on Bankruptcy, Hospital's Plea for Partnership Turned Down
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Rendell Administration Scores Victory in Federal Bankruptcy Court
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MAGNATRAX to Emerge from Chapter 11
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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HomeGold

HomeGold suit attacks accounting firm
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Retirees and others clapped as names of defendants read
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More U.S. credit cardholders make monthly payments
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Scheme Allegedly Targeted Ministries
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Employment:

Fluor Cut 16,752 Jobs in Past Year
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Baltimore city schools to post hundreds of layoff notices next week
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Detroit Jobs Go to India as U.S. Manufacturers Squeeze Prices
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An Irresistible Offshore Tide for Jobs
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WestPoint to lay off 300 at Alabama plant
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Court Victory Against Bankrupt X10 for Firm Run by 3 Brothers
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Auspex Can't File 1Q Report On Time; Liquidation Approved
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Casual Male creditors can be paid
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Harrigans restaurants close on bankruptcy court order
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Protection One's debt downgraded to junk status
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China:

Financial Laws to Suit Market
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Over 2,500 Chinese SOEs bankrupt, but yet to be closed
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UK:

Bankruptcy Charge Case Before Court
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Executive announces bankruptcy shake-up
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Move to cut bankruptcy period to one year
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Canada:

Imperial PlasTech Inc. Files Plan
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Italy:

Animals left for dead in bankrupt zoo
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France:

Alstom shareholders approve rescue: US$3.77B bailout by banks, France
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Australia:

Bankrupt son jailed for attack on parents
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South Africa:

Top banks kept RAG afloat to secure claims'
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Argentina:

WestLB to Close Argentine Unit Because of Bad Loans
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Korea:

Hanbo Steel sale collapses as Lehman pulls out
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S Korea Oct Corp Bankruptcies Rise To 480 Vs 438 In Sep
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S Korea Banks To Give Loans To LG Card If Co Restructures
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