November 5, 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

         
Airlines:

Delta CEO Tells AP About Likely Job Cuts
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UAL Shares Add 50% in Wake of Earnings
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Falling behind on its post-bankruptcy recovery plans, US Airways to make deeper cuts
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Bankruptcy Judge Approves Sell-Off of Farmland Industries' Refinery, Plant
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Court approves sale of Farmland's 'albatross'
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ETS:

ETS: US Supreme Court Is Skeptical Of Phone Leaseback Scheme
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ETS: Women Told Payphone Investments Are Sure Bets
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Law:

Closed Law Firm Forced Into Bankruptcy - Landlord s petition hits Altheimer at crucial time
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Creditors Ask Court to Liquidate Chicago Law Firm Altheimer & Gray
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Greenberg Traurig Expands Bankruptcy Practice
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Cleary makes shock Cologne launch
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Ex-Name Partner Settles Fee Dispute With Former Firm
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Do departures herald a rocky road ahead for Jones Day?
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What flexibility do firms have when many still cling to lockstep structures
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Coudert Brothers Ranked #1 in NY, #2 in U.S. in Annual American Lawyer Summer Associate Survey
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Steel:

Two more creditors oppose Weirton Steel's reorganization plan
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Bush faces 'stark choice' on steel
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Court gives 'stalking horse' status to Perry in bid to buy Republic
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Youngstown, Ohio, Steel Firm's Lenders Try to Halt Pension Payment
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The U.S. debt just can't keep growing
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Energy:

Shareholders can propose plan at Seitel
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Rival emerges for Berkshire in Seitel bidding
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Utility mum on bonus plans
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NorthWestern case demands quick action
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PSC member urges close look at NWC
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Financial Players Could Call Most Of The Shots In NorthWestern Reorganization
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Fitch: Electric Power Bankruptcies & Defaults Shape U.S. Power Market Future
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Mirant finalizes Birchwood power plant sale
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  Corporate Reform:

Ex-CEO Scrushy indicted
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HealthSouth founder indicted on 85 counts
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Scrushy sticks to his defense: They're all lying
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Scrushy's Success Story Goes Amiss
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HealthSouth Founder Free on $10M Bond
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HealthSouth ex-boss indicted
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HealthSouth's Scrushy Indicted in Fraud Conspiracy
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Scrushy faring poorly in court of public opinion
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Fraud charges hit 7 ex-Prudential workers
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Corporate boards get new rules for oversight
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Insurer Balks at Paying Fines For Xerox Executives

Prosecutors will retry star banker
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NYSE reformer plans to reduce board's size
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Defense Lawyer: Dynegy Deal Wasn't Fraud
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Bonuses at brokerage firms are likely to increase 10% to 20% from last year's levels
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Telecoms:

WorldCom's Capellas Faces Billing, Network Challenges
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Crusader making an example of MCI - Court's examiner attacks corruption
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Ex-WorldCom CEO Ebbers to Face Okla. Hearing in Dec.
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Charlotte, N.C., Telecom Firm to Purchase Bankrupt Allentown, Pa.-Area ISP
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Former Legal Secretary Pleads Guilty To Fraud Charges In Bankruptcy Cases - Faked Judges' Signatures
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She put alert on credit - now she can't see report
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DC Southeast hospital allowed to stay open
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Hi-Country Foods in Bankruptcy Court
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Lawyers face off on NWIG money
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Bankruptcy court's online move designed to save money
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DTN Emerges from Bankruptcy Reorganization
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Global Bond Markets' Weakest Links & Monthly Default Rates
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Third defendant standing trial in cattle fraud case in Sturgis
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Grant may help Cliffs buy EVTAC
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Consumer Privacy Bill Moves in Senate
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October Bankruptcy Filings Set Record for Toledo, Ohio, Region
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Hackensack, N.J., Lawyer Linked to Penny Stock Scam Settles Case
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Desert Hot Springs bankruptcy hearing continued
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Prosecution witness backs Kmart defense claim
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Bankrupt orchestra asks court to approve sale of assets
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Undue-Hardship Finding Subject to De Novo Review
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Asbestos:

PPG Indus: Defendant In 116,000 Asbestos Suits At Sep 30
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Owens Corning Judge Says Recusal Motion Came At Key Time
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Federal-Mogul unveils new plan
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Museum sues FAO Schwarz for faulty toys
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Act II for J. Peterman
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Accounting:

Arthur Andersen blamed for Alpha deal
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Auditor Low on Energy
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UK:

Sharp rise in number of small business failures
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'No blank cheque' for pension victims
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Receivers cut 600 jobs at Endeva
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Freight group strikes restructuring deal
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UK consultancy revenues still rising
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Canada:

Report urges Ottawa to change insolvency laws
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China:

Jobless situation in China to stay grave for years
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Iraq:

Iraq must be required to pay its debts
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Russia:

Council set up to prevent false and intentional bankruptcy
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Thailand:

Planner insists on no plant or pier sell-off Other unproductive assets may have to go
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Guarantee for creditors revoked - Deposits will still be protected
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Australia:

ASIC court move on $5m Rich switch
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Now we know how the Riches switched their riches
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