October 31, 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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Airlines:

Midway saga ends
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Airline's assets to be liquidated
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Midway Air goes belly-up
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Midway Airlines CEO Says Co Has Assets Of About $50 Mln
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Midway Airlines ALPA Unit Disappointed by Management's Request to Liquidate
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US Airways Statement in Response to Midway Airlines Pilot Union Comments on the Airlines' Chapter 7 Filing
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US Airways Accommodates Midway Airlines Passengers
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Travel agents sue Air Canada, put commission loss at $1.7 billion
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Li Family's Air Canada Bid Fits Its Taste for Distressed Assets
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Bankruptcy court extends Avianca restructure date
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Royal Tongan Airlines technically 'insolvent'
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United parent posts 13th loss
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UAL Corp Might Have To Add $4.8B To Pensions By 2008-End
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UAL/Orbitz: Airline Needs Cash, Judge Says
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Judge Rules UAL Can Participate In Illinois Tax Program
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Aero Lloyd Pilots Try to Rescue Carrier
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Pacer Extends Cap on Document Fee - 30 Page Cap Will Soon Include Docket Sheets
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FTI Consulting Hires Restructuring, Transaction, Tax and Valuation Experts
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Judge Orders Naming of Trustee to Probe Records of Las Vegas-Area Developer
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Corporate Reform:

NYSE fines Citigroup division $1 million
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Building a Post-Enron Corporate Culture
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Tyco Bonuses Questioned
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Spitzer and the SEC are pushing for a major overhaul of the mutual-fund industry
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The Qwest Case Starts to Boil
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How Deep Will NYSE Reform Run?
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Daisytek ordered to pay $9M to creditors
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Jenkens & Gilchrist Wins Victory for Banking Clients in Daisytek Bankruptcy Case
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Judge Approves Liquidation of Emporium
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New bidder secures Agway division
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Accounting:

U.K. Soccer Owner Sues Advisers Over Tax Shelter Advice
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Penn Traffic to Close an Additional 25 Stores
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  Asbestos:

3rd Circuit Crt Stays Action In Owens Corning Bankruptcy
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Committee Pushes for Structural Changes in Asbestos Bankruptcy To Address Ethical Conflicts (large download)
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ABB Files Lawsuit Against Insurers Tied To Asbestos Case
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Asbestos bill may suffer with new data on Canadian imports
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Hardie: Force firm to compensate asbestosis plea
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Enron:

Indictment a step toward setting trap for bigger targets - "prosecutorial shock and awe"
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Ex-Enron Exec Pleads Guilty in Earns Plot
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Fastow drops request to move trial - Attorneys for Ex-Enron executive, also wife of former CFO Andrew Fastow, eye tough jury questioning
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Enron executive pleads guilty and pays $8m
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Senior Enron figure agrees to help prosecutors
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Nevada Power, Sierra Pacific Power to issue $338 million in bonds
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Judge Delays First Settlement In Enron-Andersen Lawsuits
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Bankrupt Tyson escapes lawsuit
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Court OKs Ross Bid to Buy Burlington
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Law:

Top Firm to Vote on Management
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Law Firm Opportunities and Population Change
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Snubbing Merger, Key Partner Defects to NY Firm
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Climate change costs loom in litigation cases
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Bryan Cave ranks 8th in U.S. for merger deals in 2003
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Quattrone Trial A Notch in Attorney's Belt
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Smithfield Foods Pres Sees No Layoffs For Farmland Unit
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Judge Says Knoxville, Tenn., Manufacturer Must Honor Labor Contracts
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Supply Company May Help Bail Out Chicago's Bankrupt Reese Hospital
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ANC Rental Files Liquidation Plan, Disclosure Statement
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Steel:

Bankrupt Georgetown, S.C., Steel Firm to Ask Court for Relief from Labor Pact
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Today is deadline for bids on Republic
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Special Metals retirees face insurance changes
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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US PBGC Assuming Responsibility For Pillowtex Pensions
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Telecoms:

Bankruptcy Judge Set To Rule on WorldCom
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Study finds MCI post-bankruptcy may be rocky
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WorldCom Defendants Barred From Seeking Information in Criminal Probe
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Okla. Judge Nixes Delay in Ebbers Hearing
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Energy:

NorthWestern To Sell Expanets Unit To Avaya
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PG&E trading case should be dropped -- FERC staff
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Anicom's Anixter pleads not guilty
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UK:

Rate rise to fuel bankruptcy
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Barrymore's 1.4m tax bill
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Scots heading for record bankruptcies
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Equitable inquiry to ignore E&Y
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Canada:

We're playing our cards all wrong
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Indonesia:

APP signs debt restructuring deal
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Australia:

ASX outlines its worries on eve of Terrain creditors' meeting
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Primelife sacks CEO for breach
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Colombia:

Colombia's Bonds, Currency Fall on Debt Concerns
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Argentina:

Argentina finance: Bondholders are outraged
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Russia:

Crime and Punishment for Capitalists
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Russian prosecutors freeze Khodorkovsky's Yukos shares
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Uganda:

Bankruptcy Laws in Backward Slumber
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