November 25, 2003 

Inquiry finds Enron's Lay, Skilling at fault
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Creditors ask to sue law firms
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Warnings Were Clear, Says Enron Examiner
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Final Report, App. A, App. B, Part 1, App. B, Part 2, App. C, App. D, App. E, App. F, App. G
(DBN Subscription Required - LARGE Downloads)

Enron probe faults Skilling, Lay
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Andersen Aided Enron Officers in Hiding Fiscal Abuses, Bankruptcy Court Says
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Report: Lay, Skilling Didn't Properly Oversee Enron Deals
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Lay, Skilling Faulted in Enron Examiner's Latest Report
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CSFB, RBS, TD Bank Aided Enron Deception, Batson Says
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Toronto Dominion says actions with Enron "appropriate" at time
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Enron Report Says Lay, Skilling 'Breached Their Fiduciary Duties'
(WSJ: separate paid subscription required)

Report: Lay, others liable for claims against Enron
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Enron Examiner: Lay, Accountants Liable
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Bankruptcies in Iowa Head for Another Record Year
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Business Scholars Warn of Potential for TVA Insolvency
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France Expects Executive Life Accord `Very Soon'
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FTC Reaches Settlement with San Antonio Weight-Loss Products Company Founder
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Baltimore: School layoff ax falls today, and 'depressing' wait ends
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Telecoms:

As Virginia Telecom Firm Was Sinking Fast, Company Executives Still Were Paid
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Shareholders in Va. Telecom Firm Didn't Get Second Chance (KO)
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Qwest is sinking, sharks are circling UniSource
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Handful Of Bidders Said To Be Eyeing Allegiance Telecom
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2,000 more to lose jobs at Sprint
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Globalstar Creditors' Committee Statement Regarding Asset Sale
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For Jackson, scandal could spell financial ruin
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Thaxton Creditors Named
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Accounting:

Revenue boost for PwC
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Arizona Bankruptcies Outpace Nation in 2003
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Clayton to buy Oakwood
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Ellenville hospital files for bankruptcy protection
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Credit Score Disclosure Bill Heads to President
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Impac Medical to Buy All Assets of Impath Unit
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Former Miami financier faces 20 years in prison for money laundering, tax evasion
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Bankruptcy hearing on French and Arroyo Grande hospitals delayed
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Rival Air Canada bid sees more for creditors
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Bid to scuttle deal for Air Canada
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Air Canada suitors court its chief with bonuses
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Air Canada rebuffs Cerberus
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Proceed with Li deal, Air Canada told
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Analysts fret as Delta CEO plans resignation
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Delta CEO quits on short notice
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Delta Employees Take News of CEO's Retirement in Stride
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Delta Air Lines Ratings Placed on CreditWatch Negative
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Delta Air Lines Chief Quits in Surprise Move after Executive Pay Controversy
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Turmoil at U.S. airlines prompts high CEO turnover
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Law: 

Ex-partner pursues lifetime benefits in court
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A Richness of Advisers, Most of Them Free
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Green re-elected as Ashursts chief
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Ohio law firm switching digs
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Pillsbury sticks with Cranston and Park
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Sarbanes prompts PwC tax team to join Sonnenberg
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Cooley Godward Elects Ten New Partners
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Steel:

WTO speeds ruling on steel
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Bankrupt WCI Continues to Lose Money
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Russian Co. Named Lead Bidder for Rouge
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EVTAC creditors approve Cleveland-Cliffs and Laiwu Steel offer
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Experts expect economy to pick up pace in 2004
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Judge: Tennessee personal bankruptcy rate `distressing'
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Corporate Reform:

Sarbanes-Oxley Powers Weighed by 11th Circuit
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Fifteenth HealthSouth exec pleads guilty in fraud probe
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Tyco's ex-CEO's lavish home at issue in trial
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Regulator looks at IPO abuse
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Invesco is facing civil suit - Regulators cite market timing
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Ariz. Firm Likely to Be Charged
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Boeing Fires CFO for Unethical Conduct
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BioTransplant Announces Plan to Liquidate Remaining Assets and Dissolve Corporation
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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House Chapter 12 bills introduced
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Energy:

Calif Judge Hopes To Decide On PGE Plan Before Dec. 18
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Court allows Xcel to cut ties with NRG
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Judge Approves NRG's Reorganization Plan
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NRG Energy, Inc. Announces Confirmation of Plan of Reorganization
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Merrill loses key battle in war with Allegheny
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Horsehead Industries Receives Court Approval for Bid Procedures with Sun Capital as Stalking Horse
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HomeGold:

Former Chief Executive of Carolina Investors Posts Bail on Fraud Charges
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More Indictments Likely in South Carolina Securities Fraud Case
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UK:

Oracle insolvency sees QC, Collyer-Bristow jettisoned
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Going to court has its dangers. Tanya Oetzmann became bankrupt and blames her lawyers
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Auditors fail to win liability limits
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E&Y administrators to run Dundee FC
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Fraud squad to interrogate auditors
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Auditing faces ethical shake-up
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Insolvency experts welcome bankruptcy changes
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Australia:

Henry Kaye companies get a receiver
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Ansett workers to get more entitlements
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'Cut credit cards' call
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Canada:

More choices in higher risk mortgage market - The time between a discharge from bankruptcy and buying a home is shrinking
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Japan:

Japan to Establish Funds to Help Small Companies
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Yamaichi suit shows auditors' responsibility
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Korea:

Creditors agree to $1.7bn bail-out for LG Card
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LG Card to Write Off 9 Trillion Won by 2005, Cut Workforce
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China:

Chinese banks set for shake-up
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