October 3, 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

         
Kmart pays big bucks for bankruptcy
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U.S. Trustee's Quarterly Fee Obligations Further Defined
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Energy:

Reliant agrees to hefty California settlement
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Court Approves Seitel Chapter 11 Disclosure Statement
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Two bankruptcy plans filed for yachtmaker
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Corporate Reform:

SEC Probing Comics Company
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SEC Joins Probe of Stan Lee Media
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Reed, NYSE Board Tackle CEO Search, Governance
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Lawyer Tells of Trying to Prevent Quattrone File Purge
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Lawyers quickly corrected Quattrone's 2000 e-mail
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Frank Quattrone's Cheering Section
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Lawyers try to show star banker unaware of sweeping probes
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CSFB, In Another IPO Case, Ordered To Turn Over Documents
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Scandal Scorecard
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Tyco's 'Special Bonus' on Trial
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Ex-Rite Aid Exec Disliked Pay
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Rite Aid Evidence May Be in the Atlantic
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Many companies think the whistle-blower provisions of Sarbanes-Oxley will spark nuisance suits by disgruntled employees. The truth is far more complex
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A Post-Enron Lexicon for Wall Street
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EPIQ Systems: Bank Of America Pact To Be Non-Exclusive Apr 1
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Accounting:

Ahold Writes Down Value of Assets by EU3.2 Billion
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The Big, Bad Big Four - Is the Big Four too big?
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Accountants, SEC 'Have Gone Absolutely Wacko,' Says Sun CEO
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KPMG Admits 115 New Partners
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Security Trust bank has long history of angry investors
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Mississippi Chemical Announces Completion of $32.5 Million Debtor-in-Possession Credit Facility
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Steel:

Steel company suddenly cuts back operations
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Republic Steelworkers Await Word On Company's Future
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Union Financial creditors craft deal
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Far & Wide:

Going for Broke - Far & Wide Travel Corp. customers are scrambling to salvage their vacations or get their money back
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Travel Industry Aids U.S. Tourists Stranded when Florida Agency Goes Broke
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  Asbestos:

Insurers Offer Maximum of $45 Billion for U.S. Asbestos Fund
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Enron:

Judge presses Lay on Enron documents
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Enron To Lay Off 200 Workers As It Wraps Up Contracts
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Enron notifies employees of pending layoffs
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Loral Sued by Japan Over $186 Mln Satellite Executory Contract
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U.S. consumers are hooked on spending
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Pillowtex:

Pillowtex Announces GGST, LLC Submits Highest Bid For Assets At Auction
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Consortium Wins Bidding for Pillowtex
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Pillowtex reveals bonus breakdown
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Airlines:

Hawaiian Holdings Says SEC Opens Formal Investigation
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False dawn warning on convertible deals
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Moody's comments on U.S. airport sector outlook
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Ex-prosecutor will oversee Merrill
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Bankruptcy rules proposed
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Credit Lyonnais Chairman Resigns Over Executive Life
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Law:

Cummings & Lockwood Sends Commercial Unit to New Jersey Firm
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Division of Hartford, Conn., Law Firm Switches Firms, Keeps Same Offices
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Firms with many offices, practice areas thrive amid tough competition
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Downtown Pittsburgh law firm leaves bankruptcy for $3.2 million
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Clifford Chance ousts Linklaters from M&A top spot
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EU ruling liberalizes use of corporate legal forms
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Orrick replaces London chief
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Spectrum Pharm Withdraws From Protarga Asset Auction
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Impath Inc. Lists Largest Unsecured Creditors
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Dish maker in bankruptcy
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Rise in Colorado Bankruptcy Filings Eases
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HealthSouth Makes Semi-Annual Interest Payments to Bondholders
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Formerly troubled companies search for ways to wipe the slate clean and start over with investors
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Furr's Restaurant Group, Inc. Announces Confirmation of Plan of Reorganization, Approval of Sale of Assets
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Slip stalls end of Malden Mills bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Troubling signs of a jobless recovery are everywhere
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AmeriKing Asks For More Time For Ch 11 Turnaround Plan
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Staffing, liability hindered J.A. Jones' sales
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Exclusivity loss may be Federal-Mogul's gain
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Telecoms:

Touch America seeks OK for legal fees
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ICG to lose turnaround exec, gain cash
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Michael Capellas of MCI calls a press conference to announce not much at all
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Screaming Match
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Buyers are giving themselves more outs by expanding material adverse change clauses
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Team America bankruptcy felt in Texas
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Nevada advised to get tough on back taxes
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The survival of Zelenka Nursery looks good, said its chairman Thursday
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Completion of Sale of Trenwick International Limited
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S&P Global Bond Markets' Weakest Links & Monthly Default Rates
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UK:

Pensions at risk as ministers break vow
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Blair Defeated on Pensions by U.K. Labour Party Vote
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Sobering ending to exuberant lending
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China:

China calls for bolder economic reforms
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Japan:

Cool summer, golf losses bankrupt Fujisan Shokai
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KDDI to Help Crosswave Reorganize After Bankruptcy, Nikkei Says
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Time for Japan PM to use his new broom
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Ireland:

Banks set conditions for Wedgwood refinancing
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Canada:

Concert Industries Receives Extension of CCAA Order: Raoul Heredia Named CEO
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Thailand:

New TPI team says some non-core assets worth keeping Investments in new units also considered
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Thai TPI Expects To Get Up To $160M Working Capital Soon
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Argentina:

Argentina Banks: No Foreclosures Until Government Draws Up Debtor Law
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