October 30, 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

         
Airlines:

Midway Airlines cancels Thursday flights pending hearing
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Airline addresses pension shortfall
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Air Canada's pension albatross
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Air Canada sets Friday deadline on pensions
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Air Canada expects delay in announcing equity partner until week of Nov. 10
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United CEO Foresees Bankruptcy Emergence
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United Air has options on Atlantic - United CEO
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Law:

Clifford Chance Bends Pay Scale for Some U.S. Partners
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Euro Firm's Ex-NY Chief Quits
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Cox & Smith lawyer among top 50 in Texas
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Biggest office lease of year is signed
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Firm Staffer Claims She Was Fired for Serving Jury Duty
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Lawyers not afraid to report on clients
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Clifford Chance downplays A&O conflicts link
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These lawyers took a chance and gained their dreams in the process
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Most firms don't protect confidential documents with security software
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Key states to back ABA whistleblowing reforms
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The client confidence trick - Legal dinosaurs must change their tune
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Cleary boosts partner numbers
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13 California Attorneys Ranked Among Nations Best
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Morgan Lewis opens low-margin division
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The donkey sanctuary
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The right pitch
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To Portal or Not to Portal - That is the Question
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Linklater partner leaves for Thelen
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Business continuity in the event of a disaster
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Lawyers from ONeill & Sun Join Jones Day in Los Angeles
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Kmart's Eddie Lampert Struggles to Bring Profit to Retailer
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Corporate Reform:

Offering a Mixed View on Losses
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Ex-Lipper exec faces fund fraud
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NYSE fines five members
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Putnam Facing Mass. Pullout
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Spitzer Vows Action Against Funds for Improper Trading
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Enron:

Senate Democrats Attempting to Close 'Enron Loophole'
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Judge Weighs Venue Change in Enron Case
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Nevada regulators issue order in Enron dispute
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Lea Fastow trial likely to remain in Houston
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Enron indictment delivered - Plea deal seen as a possibility
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Formica statement wins interim approval
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Impath investor seeks alternative restructuring
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  Asbestos:

U.S. Senate Continues To Mull Asbestos Victims' Bill
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James Hardie Shares Slump on Asbestos Fund Shortfall
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Taking Hardie on trust looks bad
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Asbestos claims in never-Netherlands
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James Hardie denies asbestos fund is running out of money
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Judge dismisses asbestos victims' suit against lawyers
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Saved by asbestos? After years of entering and exiting all kinds of businesses, W.R. Grace has found something it's really good at: bankruptcy.
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Halliburton 3rd-Quarter Net Falls 38% on Legal Fees
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Telecoms:

Bankruptcy judge freezes lawsuit by AT&T against WorldCom
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Telecom Deal-Makers Play a Waiting Game
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MCI Says Call-Routing Saved $60M a Year
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MCI Increases Digex Tender Offer Price to $1.00 Per Share And Extends Offer to November 14, 2003
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Touch America - Winners and Losers
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Accounting:

Fannie Mae Discloses $1.2B Error
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IRS Will Hunt Tax Cheats of All Incomes
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Steel:

ISG Visits Weirton Steel
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Henry Ford's Steel Mill May Land in Russian Hands
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Bankruptcy Court Approves DIP Financing For WCI Steel, Inc
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Algoma posts Q3 loss as revenues slump
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Energy:

Buyout Possible, as TECO Energy Officials Quell Concerns about Bankruptcy
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Montana Regulator To Launch Probe Of Utils' Gas Purchases
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DIP dimensions: NorthWestern Corp.
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No bonuses for NorthWestern execs
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Texas-Based Convenience-Store Chain FFP Files for Bankruptcy
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Letter from Delaware - Visiting judges tackle Delaware caseload, Mirant lawyer's conflict of interest, Renco Steel misses interest payment
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Reptron to seek $20M DIP loan
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San Antonio Symphony Musicians Accept Contract Deal
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New attempt planned to revive Palmer Johnson
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Florida company may buy MCSi
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Emporium Founder Settles Dispute with Eugene, Ore.-Based Retail Firm
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Desalination Builder Files for Ch. 11
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Court Dismisses Fast Media Libel Case Arising From Report On Bankruptcy Hearing
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$160 million phantom cattle scheme involves Midwest victims
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Fraud is Alive and Well
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Creditors seeking D.C. hospital bailout
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Electronic Data Has 3rd-Qtr Loss; Will Cut 2,500 Jobs
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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How Some Hospitals Collect Debts - Some hospitals are becoming some of America's most aggressive debt-collectors
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Richmond, Va.-Based Home Furnishings Retailer Files for Bankruptcy Protection
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Personal Data Must Be Redacted from Paper and Electronic Filings Before Year's End
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Alamosa Extends Exchange Offers Until November 4, 2003 - Has Enough Votes For Prepack
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Economic growth strongest in two decades
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IRS Changes Rules for COD Income
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Denver: Hoover faces securities division suit
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Securities regulator targets Hoover - Adviser ordered to obey the law - failed to disclose that he had filed for bankruptcy
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Pickings Are Slim at EDS
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Piccadilly:

Piccadilly Restaurants Selling Assets
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Piccadilly Cafeterias Ch 11: Needs Bankruptcy Court OK
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Offshore: Shape up or ship out
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Attacking Offshore Trusts
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The foresight shown by the Cayman Islands has made it the number one choice for offshore hedge fund investors
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UK:

Banks lead fight against debt
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British Energy Says Output Lost to Plant Shutdowns
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Enterprise Act wrests bankruptcy control from lenders
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Law Soc fights to clarify tip-off rules
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Govt to share blame for Equitable fiasco
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Improving liquidity handling to head off financial failures
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South Africa:

Compulsory liquidations up 55.7%
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Australia:

Jacobsen Entertainment Level Plans Move Forward
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Canada:

And debt shall have dominion?
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Colombia:

Colombia's Uribe Seeks Accords With Creditors
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Singapore:

APP to sign restructuring deal
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Ex-Im Bank Files Lawsuit Against Asia Pulp & Paper / Suit Seeks Recovery of 104 Million
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Iraq:

World Bank: Two-Thirds of Iraq Debt Should Be Cut
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Korea:

SK Corp hands SK Networks $715m bail-out
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Japan:

Reform and Recovery in Japan
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