October 14, 2003 

Litigation Boom Spurs Efforts to Shield Assets
(WSJ: separate paid subscription required)

Airlines:

ATA again extends its debt-swap offer
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Air New Zealand to Eliminate 15% of Jobs to Cut Costs
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M~Wave Announces Significant Developments in Its Restructuring
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Boston Commercial Property Owners Giving Up on Money-Losing Office Buildings
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Law:

Mayer Brown gives boost to Europe plans
(The Lawyer: separate free registration required)

Shaw Pittman must have hired good lawyers in London because other firms are only too happy to lure them away
(The Lawyer: separate free registration required)

New Kentucky bankruptcy firm
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Freshfields may be desperate to avoid the bruising senior partner election that Clifford Chance went through, but it's only deferring the pain
(The Lawyer: separate free registration required)

MoFo: glad to be gay-friendly
(The Lawyer: separate free registration required)

US govt uses Latham man in CSFB case
(The Lawyer: separate free registration required)

US firms in London are discovering the advantages of a well-designed office
(The Lawyer: separate free registration required)

Judge orders attorney to stop suing fen-phen lawyers
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Hanging on the telephone
(The Lawyer: separate free registration required)

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Loral:

EchoStar Keeps Mystery Alive About Loral Plans
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Court lets Loral drop Japanese contract
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Bankrupt U.S. Firm Seeks $30 Million More for Japanese Multipurpose Satellite
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Bankruptcy filing leaves cemetery plot buyers wondering what they have
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SEC Investigating Wilshire
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Magazine Folds -- and Subscribers Feel Pinch
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Magellan Health Services Moves Headquarters from Columbia, Md., to Connecticut
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Zagara's Fresh Markets files Chapter 11 petition
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90% of Managers Check Employees' E-Mail/Web Usage
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Asbestos:

Asbestos Talks Haven't Produced Agreement on Trust Fund Bill
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Telecoms:

AT&T, Worldcom Reach Pact
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AirGate's IPCS Unit Seeks Extension To File Ch 11 Plan
(WSJ: separate paid subscription required)

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Corporate Reform:

Martha Stewart says she does not expect to go to prison
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Prison No Picnic for Former Executives
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Give Up Caesar, the Court Said - Court Tests Its Contempt Limits in Odd Fraud Case
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Today likely a fateful one for Quattrone
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Up for Repairs: Quattrone's Case
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Quattrone Judge Deals Setbacks to Ex-CSFB Banker at N.Y. Trial
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Legal experts analyze banker's testimony
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Universities Face Dilemma when Fallen Executives' Names Are on Their Buildings
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HealthSouth documents, possibly relevant to an SEC investigation, were shredded
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Former Merrill trader faces laundering charge
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Witnesses Describe Rite Aid Executive
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Smithfield Wins Bidding for Farmland Unit
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French cede Daisytek in EU insolvency test case
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Dalton Corporation out of bankruptcy
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Aurora mayoral candidate reveals bankruptcy status
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Kmart Chapter 11 sees Skadden post $58m bill
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Energy:

Power Generator Mirant Considers Dissolving North American Property Leases
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Ecopetrol to terminate Seven Seas contract
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Ross/Cone Mills: W.L. Ross Bid Requires $45M DIP Loan
(WSJ: separate paid subscription required)

Cone Mills asks $94.3M as price to beat Ross bid
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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IRS investigating credit counseling agencies
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Bankruptcy: Beyond the scandals
(The Deal: separate paid registration required)

Shining a light on the `secret law' of the IRS
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Accounting:

New Balance Sheet Accounting Rule Pushed Back
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Steel:

President Bush to Decide on Keeping Steel Tariffs; Repeal Could Hurt Industry
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AK Steel asking union for help to stay competitive
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Enron:

Enron May Have Influenced FERC Probe
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UK:

UK bailiffs chase record debts
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Cost of easy credit: a 70% rise in arrears
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British Energy restructures
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Current Distressed Companies Update
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Staff twice as likely to blow whistle on wrongdoing as in 1998
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Australia:

Bankruptcy laws set for overhaul
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Compromise sought over PC Company debts
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Dash for cash flow cuts payment times
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Pan liquidation based on 'grossly unfair' rejection of proxies
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France:

On not going broke
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Bull: Some Existing Holders May Take Part In Restructuring
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Iraq:

Firms lining up to collect unpaid, Iraqi debts
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