October 20, 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

         
Lawmakers Seek To Ban Use Of Pre-Bankruptcy Tax Breaks
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EchoStar and Intelsat to battle over Loral
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Bidding for Assets Of Loral May Reach Up to $1.5 Billion
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Law:

Increasingly, corporate lawyers going private: Risks associated with management increase
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Judge Awards $25,000 in Fees for $1,000 Case
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Attorney Ordered to Disclose Letters Written to Expert Witness
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Landmark BofA building reels in law firm's new S.F. office
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Concern for employees, families puts Fulbright & Jaworski on top
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Big clients pressuring firms on diversity
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Ropes & Gray overseas methods go counter to trend
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Suit against Holland & Knight tossed, appealed
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NALP 2003 First Year Summer Activity Survey
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Sidley embroiled in tax disclosure row
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Overcrowded jails see increase in parents who fail to pay support
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Bankruptcy court: When creditors and regulators collide
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Executives seek ways to protect their money
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Telecoms:

Lightyear chief may face rival bidders to buy company
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Trade deal hurts U.S. textiles
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Some options for cash-strapped students
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Apollo buys Numico's GNC
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Finally, Twinlab to Get Some Answers
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Malden Mills finally shakes off bankruptcy
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A System Going Under? - Projected Pension Shortfalls Turn Focus to Reform
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Creditors left waiting: Team America owes $5M on 20 top secured claims
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Corporate Reform:

Ex-Rite Aid Lawyer Guilty of Conspiracy
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Quattrone's lawyers signaled he may prefer a new obstruction trial rather than risk a verdict from the current deadlocked jury
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The great motivator
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5 big specialist firms broke NYSE rules
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NYSE specialists are battling the Big Board over a new set of trading parameters that could result in large regulatory fines
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The GAO said it found no evidence that banks are making loans to companies in return for investment-banking business
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WestPoint Stevens names new CEO, will negotiate new bankruptcy plan
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Penthouse magazine up for sale

Concern arises for DT Industries
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  Asbestos:

US Court Hearing On ABB Asbestos Plan Starts Dec 16
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US Senate Democratic Leader Criticizes Asbestos Offer
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ABB welcomes U.S. asbestos appeal date
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Daschle, Labor Nix Asbestos Fund Proposal
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Allstate increases asbestos reserves
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Asbestos Meltdown
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Enron:

Enron makes riveting reading
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Enron's legal fees are priciest ever - Half a billion
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Former Enron bosses get a bad rap
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Fair jury can be found, Enron team says
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Key hearing for Nevada utilities delayed
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DVI, Trustee Embroiled In Dispute Over Securitized Deals
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Moody's withdraws DVI corporate bond rating
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Airlines:

Bankrupt carrier flies 'risky' route
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Airport authorities caught in cost squeeze
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Pressure grows on Delta pilots
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Hawaiian creditors have an 'out'
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Energy:

Mirant $500 Million Interim Financing Hearing Scheduled For Monday
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Biggest bankruptcy lies in Enron's wake
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Breakup of PGE unlikely, proposed PUD dangerous
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Co-Founder of Commercial Financial Services Admits Dishonesty during Trial
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Startup finds going tough in loan hunt
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Debt can be a painful memento after divorce
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When bad tours happen to good people
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From creditor advocate to bankruptcy judge
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Judge excludes references to Kmart bankruptcy in trial
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Another D&O insurer moves to drop HealthSouth officials
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Factory jobs are disappearing world-wide - 11% since 1995
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Credit Card Debt Builds, as Consumers Live Lifestyles They Can't Afford
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Judge denies Sia motion seeking medical furlough
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Unemployment, Bad Loans Push Foreclosures In Chicago
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Former Touch America workers moving on or moving away
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Times good for overseers of business operations gone bad
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Steel:

W Va Agency Extends Loan Term For Bankrupt Weirton Steel
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Neenah ends short bankruptcy
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Whither Weirton? -- Clock's ticking on thousands of jobs
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Accounting:

Crackdown on Tax Cheats Not Working
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Kmart: Out of the Box?
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Deloitte fined 1.5m over Barings
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New Salary Guide Forecasts 2004 Accounting Pay
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Accounting Overseer Won't Cave in to EU
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Acquirers Getting Tough with MAC Clauses
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Interest in 50-inch television was avoidable

UK:

Lloyd's of London investigates names leak
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Equitable wins right to sue
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Former Equitable non-execs to face trial
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NTL looks to boost cash call to $1.4bn
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Name Blame Game Begins
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PwC will sue KPMG over Independent failure
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Netherlands:

Dutch telecoms firm KPN puts "fat cat" chairman on financial diet
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Japan:

Tokyo accused of fraud over Resona bail-out
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Prosecutors not to indict lawyer in fraud case
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Canada:

Ballooning student debt hits the whole economy
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International Utility Structures erects court shelter from creditors
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Australia:

The high-flyer who tumbled to earth
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Tanzanian man cuts off genitals to appease creditors
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Korea:

S Korea Sep Corp Bankruptcies 438 Vs 471 In Aug
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Iraq:

Will Iraq's creditors lend it some time?
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