October 27, 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

         
Bankruptcy a tough sell for municipalities
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Pittsburgh: The 'b-word' can cast a long shadow
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Kmart trial critical for feds
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Trial Set for Former Kmart Executives
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Steel:

Churches pray for Georgetown mill workers
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Pension plan in the crucible as Stelco and Steelworkers look at cost cuts
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Rouge Steel files for bankruptcy
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The Russians Are Coming to Take Over Rouge Steel
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Rouge feels industry's pain
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$225 million offered for Republic
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Two Steel Firms Get Buyout Bids
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Law:

Clifford's Game of Chance
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F. Lee Bailey Off Hook for $9M After Jury Award Tossed
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Goodwin Procter leaders bank on firm's new partners
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White & Case has been found guilty of poaching
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As your attorneys, they advise you to party hard
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Top Firm Associate's 'Hat Trick': Three Litigation Victories in a Month
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The Opt-Out Revolution
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How safe is it to confide in your lawyer?
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Firms Seek Big Names, Law Degrees Optional
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The trickle of top administration lawyers heading back to private practice is starting to look more like a stream
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Former Wachtell Partner's Malpractice Claim Against McDermott Will Goes Forward
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Wichita: Husch closes; Kutak Rock to open office
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Firm Plunks Down Bucks to Be Mentioned in "Runaway Jury" Flick
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NY Lawyer's License Suspended for Faking Salary Increase Memo
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NY Attorney Sanctioned Over His Own Divorce
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Airlines:

Court case raises fears for solvency of US pension schemes
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Air Canada threatens to sue union advisers
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After Hawaiian, ex-CEO says he's finished with airlines
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A Bankruptcy Court judge delays his $4.25 million decision until February
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Deutsche Bank on standby in Air Canada offering
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Judge halts UAL's sale of Orbitz stake
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As Debt Problems Worsen, So Do Debt Counselors
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Baltimore: Howard's ADnational files for bankruptcy
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President Casino bidders put off by city's casino plan
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AMPAM's Ch. 11 restructuring creates Teepe & Partners
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  Far & Wide:

Far & Wide tells `the saga of the failure of a dream'
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Far & Wide Travel's bankruptcy leads to fire sale of company's tour operators
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You're booked and they're bankrupt
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Get Packing: After they fail: All packed up, no place to go
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Enron:

Enron bosses rapped as engineer turns up the heat
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In the Saddle Again - Ken Lay Is Back In Business
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Enron finds buyer for Quebec mill
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Enronís House of Gas
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Enron's far-flung casualties
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Bank Of America agreed to acquire FleetBoston
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Merv Adelson, TV mogul, multimillionaire, and friend of the famous lived a show-business fantasy. His bankruptcy has shocked Hollywood
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Credit counseling can be costly
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Aliquippa faces deadline for new Chapter 11 filing
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Gains in Wages Expected to Give Economy a Lift
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Insurer suit: National Century lied to get policy
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Energy:

PGE/Debt Offer
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Pepco, Mirant Reach Settlement Over Electricity Contracts
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High stakes for ratepayers in NWC bankruptcy
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NorthWestern on track, but PSC needs help
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NWC proposal bypasses state
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Telecoms:

WorldCom Investor Case Cleared to Proceed as Class Action
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U.S. lawmaker wants details of MCI extensions
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Mexico's Slim swoops again in AT&T Latin buy
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MCI/WorldCom wiggles
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Times are good for overseers of operations gone bad: Receivers tend to smile as economy goes south
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Bankruptcy protection is not the only relief from spiraling credit
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The struggle for Scrushy's ear: HealthSouth strategists warred among themselves as crisis unfolded
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County pays hospitalization bill delayed by insurer's bankruptcy
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AmeriKing selling off Burger King restaurants
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Austin: Bradley case broadens: Bankruptcy trustee claims developer shielded 60 percent ownership of Streetman Homes
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New Senate bankruptcy bill creates priority
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Frisby Technologies clings to life
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Plastic surgeonís bankruptcy fraud trial postponed
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Lending, Default `Code Of Conduct' Is Hot Topic At G20
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Conseco takes aim at D&O debtors
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Florida investors poised to buy MCSi
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Little in way of assets available to Team America creditors
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Eve-of-Bankruptcy Asset Conversion Wasn't Fraudulent

Two Faces of Junk - Watch Out For Asbestos Fallen Angels
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Accounting:

Act creates more work, jobs for accountants
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IRS Targets Creators, Marketers of Abusive Tax Shelters
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Targeting Your Clients: The Savvy Accountant's Guide to Marketing
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Tricky Tax Moves Can Boost Profits
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Law firm pursuing tax-advice lawsuits
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Accounts deceivable: How to detect and prevent fraud
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Corporate Reform:

Former CEOs find it difficult to hold tongues
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How to Be a Good Director
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Sarbanes-Oxley costs multiply
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The Jury Hangs, Quattrone Waits
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Questions Loom Over Quattrone Prosecution
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Bungling Quattrone
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Traditional safeguards of the business judgment rule, and charter provisions which eliminate personal liability for duty of care violations, will not protect directors who intentionally disregard their duties
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UK:

Chelsea boss faces £2bn court battle
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Independent Leader Vows To Fight Bankruptcy Action Over Rent
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Current Distressed Companies Update
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Japan:

Resona 'insolvent' at time of rescue, says DPJ
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Canada:

KnightHawk Air Express and Kelowna Pacific Railway file for bankruptcy
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Australia:

Couple's odd bid to split assets, not the marriage
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Korea:

SK Group Signs Pact With Main Creditor On Restructuring
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Prosecution Hot on Trail of Ex-President's Hidden Assets
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Russia:

Moscow court orders arrest of Russia's richest man
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Arrest of Oil Chief Could Roil Russian Stock Market
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