November 26, 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

         

Fleming to Pay Creditor Banks $325M
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Steel:

Japan Presses U.S. Over Position on Steel
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Severstal's U.S. Bid Backed
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Rouge Steel faces venue change
(The Deal: separate paid registration required)

Severstal Part Of DIP Loan Postponed
(WSJ: separate paid subscription required)

Bankruptcy Judge approves deal to cut medical benefits
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Cliffs And Laiwu Steel Receive Bankruptcy Court Approval For Purchase Of Assets Of Eveleth Mines
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WCI Steel, Inc. To Idle Silicon Line
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Steelmaker WCI's Red Ink Goes On as Supplier U.S. Steel Wants Out
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Special Metals gets deal on pensions; bankruptcy could end
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Company aiming for a fresh start, Special Metals reorganization will be costly
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Vanguarde closes book on 3 mags
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Vanguarde Media To File For Bankruptcy, Liquidate
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Law:

Court Issues Order Prohibiting Reliable Research Co. From Engaging in the Unauthorized Practice of Law
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Punitive Damages Take Big Hit
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Law Firm Argues In Favor Of Wireless
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Three-partner litigation team quits Clifford Chance in NY
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Airlines:

Senate Fails to Agree on Pension Funding
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US Senators Seek Last-Minute Pension Funding Bill
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American Airlines’ Parent May Issue Stock
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Air Canada Seeks Li Plan Approval, Dismisses Cerberus
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Debtholders want restart of search for airline investor
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Ernst & Young backs Li bid for stake in Air Canada
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Victor as victim
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Cerberus courts Air Canada's creditors, CEO
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Air Canada seeks rapid approval
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Air Canada Provides Restructuring Update: 12th Monitor's Report Now Available
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Cerberus to Give Air Canada Creditors More Equity
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GE unit to get 12.6% of Air Canada
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Burger bonus for airline staff
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Pension fund has bumpy US Airways ride
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Airline Bailout Went to Failing Carriers
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Uncle Sam Rolls Dice And Scores Big Payoff With Airline Warrants
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Aurora Foods Will Combine With Pinnacle
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Kaiser Aluminum says mulling bids for assets
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Enron:

Enron Report Scrutinizes Attorneys' Roles
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Enron probe: ‘Vinsons may have been negligent’
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Enron's Lawyers Under Scrutiny
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Enron Could Seek $94 Million from Lay
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Banker's paradox
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Enron's accountants 'actively assisted'
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Enron's Canadian links
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Post-Enron world demands that banks take more responsibility
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RBS role criticized in damning Enron report
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Judge's questions show casino plan not done deal
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Accounting:

Andersen Aided Enron Officers in Hiding Fiscal Abuses
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U.S. will refund $1 billion to Boeing in tax settlement
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Spiegel Fires Auditor KPMG
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Analysts Yawn at News Spiegel Fires KPMG
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This Options-Expensing Bill Is No Reform
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KPMG Cuts Off Global Legal Arm
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Jackson buried in suits, liens, debt
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Restaurant Didn't Disclose Ga. Hepatitis
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Energy:

NWC bonus plan irritates PSC
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Xcel Energy Gets Bankruptcy Court Approval to Cut Ties with Subsidiary
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Telecoms:

KPNQwest Bankruptcy Report Delayed Until 2004-Trustee
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Judge Refuses to Dismiss Analyst Fraud Claims in WorldCom Litigation
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Corporate Reform:

Former Executives Hit With Charges Arising From Mutual Fund Trades
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KEVN files for bankruptcy
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Buffett's Berkshire to Buy Oakwood Homes for $373 Mln
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Buffett's plans would create largest mobile-home maker
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Texas Petrochemicals LP Files Plan of Reorganization
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Hospital seeks debt relief
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Economy, consumer confidence on a roll
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TV network partner seeks bankruptcy after $6.4 million judgment
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Bankruptcy Hearings Begin For Groves Hospital
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RDA wins auction for PhyAmerica over its founder
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Asbestos:

3rd Circuit to hear Wolin charges
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Ex-HealthSouth CEO Ordered to Repay Loan
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CFS: Tulsa, Okla., Jury Deliberates in Case Against Financial Firm's Co-Founder
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Do you know your Debtor's Signals?
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Cone Mills Wins Court Approval Of New $45M DIP Loan
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Tycoon Said Linked to Executive Life Case
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White Hen sold to investment group for $45 mil.
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Experts fear new card system will boost debt
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Credit Counselors Gone Bad
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Bridal Store's Bankruptcy Had Some Worried About Weekend Wedding Plans
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Former Rent-Way Executive Gets Prison, Fine in Fraud Case
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Pneumonia + no insurance = bankruptcy
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UK:

Leeds plunges as finance deal collapses
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Leeds in cash crisis talks
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Leeds may go into administration
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Dundee's top players axed to cut wage bill
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Korea:

Hynix Near Asset Sale to Citigroup
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Credit card woes threaten South Korea's recovery
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China:

China seeks expatriates to help overhaul state banks
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Australia:

One.Tel bosses lose appeal
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Name of the game is change for Pan rescuer
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Court will quiz Reynolds directors
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Property guru's companies collapse
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Renison creditors back debt deal
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Reynolds Wines group to be liquidated
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Hong Kong:

Hong Kong Government Considers Mandatory Training Of New Co Directors
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Bankruptcy cases to be outsourced
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Japan:

A return to profitability for Japan's biggest banks
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Time to finally resolve bad-loan problem
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Japan Digicube Files For Bankruptcy
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