November 4, 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

         
Asbestos:

Federal-Mogul Announces Consensual Pact On Plan Of Reorganization
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Federal-Mogul unveils new plan
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Fairness for Asbestos Victims
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Policyholder Challenges Limitation on Travelers' Future Liability for Asbestos Claims
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Reform or Not, Asbestos Claims Challenge Some Insurers' Existence, Says Head of Manville Trust
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Top Court Rejects Dow Chemical Asbestos Appeal
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Kmart:

Justice Dept Lawyer Labels Two Ex-Kmart Execs 'Liars'
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Feds: Ex-Kmart execs lied
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Land where calling an ambulance is first step to bankruptcy
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Equity Office Says FFO Falls 14 Pct
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Telecoms:

US LEC to Buy Most of Fastnet for $6.8 Million
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Mexico's Telmex Gets Court OK To Buy AT&T Latin America
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Globalstar Files Company Sale Process with Court; Company Sets Deadline for New Investment Offers
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Redback Networks files bankruptcy - Restructuring plan to go to Delaware court after shareholder vote fizzles
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Redback Files for Bankruptcy, Shares Drop
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Redback Networks Files for Bankruptcy-Court Protection
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Netbeam reorganization likely will get approval
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The Deal, Unlocked - A controversial Delaware Supreme Court decision knocks down a tactic for sealing a merger agreement
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Receiver set to run "superstore" dealerships
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HomeGold trustee plans status meeting (This article contains several news item)
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Mark Nutritionals: One Lawyer's Ride as a Diet-Supplement Tycoon
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Corporate Reform:

Trial Against Ex-Dynegy Exec Begins
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Unfair trading practices widespread, says SEC
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Quattrone Retrial Is Weighed
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The Putnam Shakeup: Why It Took So Long
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Prudential ignored over 25,000 warning letters that its brokers engaged in mutual-fund market timing
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Spitzer blames directors for scandals
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Insurance next in fund inquiry
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They ripped us off. We filed lawsuits and indictments. But now they're getting off
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Lawmakers Lash Out as Debacle Spreads
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Oklahoma Sets Hearing for Ebbers
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Wall Street trading scandal heats up - Top SEC official tells of shadowy practices
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SEC Chairman Donaldson is mulling tougher changes in NYSE regulation, including severing the regulatory unit from the exchange
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Intelsat Gains Ground In Buying Loral Assets
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  Enron:

Fastow says poll shows jury pool's taint
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Judge Ponders Collateral for Enron Judgment against Nevada Electric Utilities
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Despite suit, Enron bonuses haven't been returned
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Hard-hit FAO Hires An Investment Banker To Get $$
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Steel:

Stelco debt downgraded
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Bush Weighs Compromise on Steel Imports
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Airlines:

US Airways proposal likely will become part of negotiations
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Air Canada meets with unions on pension issue
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Euralair joins the ranks of bankrupt carriers
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US GAO Cites Airline, Auto Indus Risks To Pension Program
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Accounting:

Atlas Cold Storage Units Fall 12% on Possible Restating of Results
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Spotting Accounting Red Flags Made Easier
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Grant Thornton Reports Record Revenue Growth
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Many nations adopting more stringent US accounting laws
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HealthSouth:

Government to Indict Former HealthSouth Chairman
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Criminal Charges Expected For Scrushy
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HealthSouth/Default: Hldrs May Accelerate Payment
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Some HealthSouth Creditors Say in Default
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HealthSouth in technical default on senior notes
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Court approves sale of Eagle Food stores
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Gingiss:

Gingiss may be sold, files for bankruptcy
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The Gingiss Group Announces Purchase Agreement
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Court Confirms ZymeTx Plan of Reorganization
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Energy:

NorthWestern case demands quick action
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Brainard argues for PSC funds
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Seitel's Chapter 11 Plan Exclusivity Terminated By Court
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Five firms miss Monday FERC deadline to settle cases
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Atlantic City: Judge denies Andujar motion to suppress evidence in bankruptcy fraud case
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Senior managers buy Dunbrooke from bankrupt parent company
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FTI Consulting Completes Acquisition of Dispute Advisory Services Business Of KPMG
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Uniroyal Technology to liquidate assets, sell Naugahyde maker
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National Warranty refuses to turn over money
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Court Approves Orders for Twinlab Sale to IdeaSphere
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Law:

Lawyers aggressively recruit ferry victims for clients
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Judge Slams 'Serial Perjurer' in Costly Discovery Abuse Ruling
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Thousands of confidential files landed in a public waste bin after a Florida law firm went bust
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Lawyers Dealt Blow Over Fees From Mass. Tobacco Settlement
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Thaxton Group Securities Investors Will Serve on Panel Representing Creditors
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Managing Holiday Credit, Debt and Bankruptcy in Today's Economy
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Lexington fabric plant gets financial backing
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ORBIMAGE Announces Confirmation of its Final Plan of Reorganization
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Data Transmission Network Corporation Successfully Completes Financial Restructuring
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Baby Jogger firm sold for $3.55M
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Bankruptcy buyouts TruFoods focus
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One Year in Prison for Hiding Property in Bankruptcy Case
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UK:

Outages hit British Energy's coffers
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BE restructure meets initial creditor requirements
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Treasury accused of ducking Equitable blame
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English Soccer Clubs' Overseas Suitors Place Ego Before Value
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Current Distressed Companies Update
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Bank of England May Agree on 1st Rate Rise in 3 Years
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Repayment burdens set to rise
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Canada:

Bankruptcy's the quick fix - Canadians embrace insolvency as way out from under bills
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Another e-commerce crash: receiver named to liquidate insolvent SLMSoft
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Ketch to pay $44.6M for insolvent Gauntlet Energy
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Sarnia's Huron Oaks goes bankrupt
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Australia:

Bond's innocence claim 'incredible'
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ASIC chases One.Tel Rich's assets
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Is your super protected from bankruptcy?
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Argentina:

Citigroup, J.P Morgan, Others Abandon Argentina Bids
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Thailand:

Rising debt levels prompt wake-up call
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