October 16, 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
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Asbestos:

Insurers, firms agree to asbestos fund
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Firms agree asbestos compensation fund
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Asbestos Firms, Insurers Agree to Fund
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Accord Reached On Asbestos Fund
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Insurers, US Sen Leader Frist Announce Asbestos Pact
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Asbestos agreement could revive legislation
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Airlines:

United Seeks to Sell Stakes in Orbitz, Hotwire
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Century Aviation Inc. files for bankruptcy
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Law:

Trash Talk Culminates in Judge's Recusal
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Weil Gotshal's Deryck A. Palmer and Marsha E. Simms Named to America's Top Black Lawyers by Black Enterprise Magazine
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$100M theft by senior associate at law firm
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Texas Court Upholds Digitus Impudicus
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Firms Vying to Buy Up Office Space
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DC market is a tough one for out-of-town firms to crack
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Two months shy of graduation, this law student was sent to the Persian Gulf
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KLegal firms clash over network future
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Third female lawyer exits Holland & Knight
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U.S. Government Sues Sidley Austin
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IRS Seeks Tax Shelter Info From Chicago-Based Law Firm
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Court: IRS Can Force Law Firm Disclosure
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The gospel according to St.Peter
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Childs steps forward as Clifford Chance shakes up executive
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Associate Finds Pool Easier Than Managing a Firm
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Back-office outsourcing welcomed by lawyers
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Law Firms Are Defendants in Patent Suit
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Goals & Planning Points to Consider at Year-End
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Dewey scraps annual dinner after debacle
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Dismiss the goof-offs quickly so you can find the worker bees
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Litigation support on trial
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Law departments pay an average of 73% of total outside counsel fees to the top four law firms they employ
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American Plumbing & Mechanical, Inc. Receives Approval of "First Day Orders"
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Bankruptcy judges, practitioners expected to attend three-day legal event
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Lodgian Names Artime Chief Financial Officer
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Rogue in a tux takes literary jewel
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The winner who took all
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Acterna Exits Bankruptcy
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Is filing for bankruptcy a friend or foe?
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Michigan-based buyer hopes to save Twinlab
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Pillowtex: Sale OK'd, the waiting begins
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NBA letter of credit's effect is unclear
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  Premier Concepts files for bankruptcy
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TUI Says Aero Lloyd Stops Service, Stranding 1,300 Vacationers
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TUI Customers Left Stranded By Aero Lloyd Bankruptcy
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Steel:

Georgetown Steel union rejects pay cut despite bankruptcy threat
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Steelmaking Nations May Be Close to Subsidy Accord by April
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Cognati workers seek back pay
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Weirton Steel Seeks to Start Job Cuts
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Ivaco gets bankruptcy court extension; sells Virginia property
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Tax payments in question as steelmaker heads to auction
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Republic could go up for sale in a matter of days
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Learning the details
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Loral:

Echostar Bids for Loral's U.S. Satellites
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Loral selected by PanAmSat to build new satellite
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Inmarsat Deal Near; EchoStar Expected to Make Loral Bid
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Bid for Loral Could Crimp Ergen Rivals
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DVI:

DVI Says Auction Bids Not Enough to Pay Secured Lenders
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Judge signs off on DVI examiner
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Telecoms:

Final Objections Made to WorldCom Plan
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Reliance to buy Flag Telecom for $207 mn
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Corporate Reform:

NASDAQ President Urges Reforms in US Stock Market
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Martha Stewart comes back to Kmart ads before trial
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Can't recall bonus letter, ex-Tyco official testifies
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Quattrone Jurors Weigh His Fate
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HealthSouth E-Mails Detail Bickering Over Scrushy Report
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A look at the rotten structure of the financial services industry
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NYSE to fine Fleet unit, 4 other firms
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Ousted HealthSouth Chief Taking the Fifth
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Tauzin Theatrics Aimed at HealthSouth's Scrushy
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Making CEOs Pay for Bogus Books
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Letter from Delaware - Blackstone chairman in weird position, Northwestern Corp. conducts auction, Metals USA saves in fees, Seitel's equity committee charges blackmail
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Accounting:

Frequently Asked Questions Regarding the Use of Non-GAAP Financial Measures
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Giuliani and Ernst Start Tech Venture
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UK readies for US audit changes
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Massive rise in demand for forensic accountants
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Energy:

Bankruptcy judge eyes $500 million loan for Mirant
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Mirant Debt Financing Hearing Pushed Back To Friday
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PGE Co Submits Vote Count On Restructuring Plan To Court
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Risks An Advertising Agency Faces When a Client is Financially Distressed
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Enron:

Enron-Merrill Nigeria deal brings charges against two more
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Enron offered $205 million for Canadian mill and timber
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Emails reveal Enron chief on anxiety tablets
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Bankruptcy offers ‘Loaf’ options
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Tenant Bankruptcy Risks In CMBS Deals
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New I.R.S. Chief Plans to Focus on Enforcement
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4 credit-scoring myths
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Students might be able to get out of loan payments
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Court OKs James Cable Reorg Plan
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Bankruptcy or just a bogus business deal?
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D.C. hospital gets two-week reprieve
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DIP dimensions: DVI Inc.
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Advice on avoiding rip-offs in credit repair
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Beware Shady Credit Fixers
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Embattled Worldco May Close
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Pittsburgh Debt Cut to Junk Status
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UK:

Ballast's UK arm seeks creditor protection
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Brussels refuses to take up Names action
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Australia:

Airline has 'reasonable chance' of trading out of trouble
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Accountants must change mindset: ACCA
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Elliott faces long wait for day in court
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Fear drives demand for auditors
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PC Company gear sell-off
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Continued Downside Risk for European Banks' Domestic Corporate Loan Books
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France:

France Rejects Executive Life Agreement With U.S.
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Brazil:

Brazil House Passes Bankruptcy Bill to Spur Lending, Economy
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Japan:

Bankruptcies decline as firms go on life support
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___________________

Iraq:

Senators Want Part of Iraq Aid Treated as Loan
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