October 6, 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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Milwaukee: County budget crisis will hurt one and all: 'Bankruptcy is a very real prospect'
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Law:

The firm that failed - "Are they that stupid, or are they totally crooked?"
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Cozen bolsters its insurance regulatory practice
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Practice (groups) make perfect: Law firms are developing use of attorneys' practice areas, using technology to connect them to their peers
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Holland & Knight not surveyed again
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Lawyers too costly
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Illinois County Court a Corporate 'Hellhole'
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Memphis: Pending merger among law firm moves
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Miami law firm targeting Tampa again: Greenberg Traurig on par with Holland & Knight
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Big Firm Attrition Rates Still Falling
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The inside story behind King & Spalding lease
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Sullivan takes top spot in US M&A
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Saul Ewing opens law office in D.C.
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Timing is everything in possible law firm mega-merger
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Firm Wins Praise For Being Gay Friendly
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Firms are now legally wed: Leaders at Brown McCarroll, Hilgers & Watkins say past history eased their union
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New Haven law firm acquires NY outpost
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Once bitten, twice shy: Many of the bankers, lawyers and other professionals whose bills went unpaid during the tech crash aren't rushing to provide their services to small and start-up tech companies
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Sticker shock: Legal malpractice insurance premiums head skyward
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Top Firm Throws Birthday Party for Satellite Office
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Law school applications slow, remain strong
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Study says litigation costs nation $200 billion a year
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Corporate governance laws lead changes in legal profession
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Supreme Court Docket Report, October Term, 2002
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Dorsey lawyers jump to Stoel Rives: Six recruits to rival firm will mostly bolster litigation department
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Boxing Champ's Lawyer At Cozen Faces Ethics Probe
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Carolina Investors:

State law kept regulators from revealing Carolina Investors problems
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Man says company assured it was solid
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Corporate Reform:

Ex-CSFB General Counsel Testifies in Obstruction Trial
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Will prosecutions of white-collar crimes change the system?
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After post-Enron crackdown, some companies struggle with changes
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Quattrone Knew of Probe, Witness Says
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Quattrone: A Mountain of E-vidence
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Banker's Defense Targets Lawyer
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Inside Frank Quattrone's Money Machine
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Silicon Valley's Blurry Ethical Vision
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Shareholder Reforms Falling Short?
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Famous rights group near death
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Thompson Coburn seeks $300,000 in casino case: Greensfelder, Brasher, Gallop also seek fees in President's bankruptcy
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California In ˜Worst Crisis since Depression'
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End of line for dot-com survivor: America's Choice Healthplans has filed for bankruptcy and is trying to sell its assets
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Boise River Festival files for Chapter 7 bankruptcy
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Oakwood bankruptcy court OKs disclosure statement
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  DVI/Examiner: Judge Objects To Co's Choice For Counsel
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Debtors hop on the internet for bogus legalisms and wacky wording
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Enron:

Sierra Pacific to Ask FERC to Mediate Enron Dispute
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Government Posts Enron's E-Mail
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Enron lawyers play pick your judge
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Enron Seeks Millions for Power Never Delivered to Sierra Pacific
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PGE ownership plan in dispute
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Hot competition brings out ads for bankruptcy law
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Creditors in bankruptcy cases need info and ethics
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Asbestos:

Asbestos victims urge 'no' vote on legislation
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An end to endless files
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Phoenix: Foreclosure rate on rise Valley-wide
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Energy:

Bankrupt Mirant preps RFP for new office space
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How a plan to cut oil imports turned into a corporate giveaway
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Allegheny Rating Drops
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Seven Seas Provides Update on Reorganization
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Bankruptcy Court Authorizes National Energy & Gas Transmission, Inc. as New Company Name
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Tyson:

Tyson denied in bid for $6m tax refund
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Now it's buyin' Mike Tyson
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Far & Wide bidding war looms
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Travel Magazine Publisher Steps Up In Far & Wide Bankruptcy Debacle
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Myrtle Beach: Developer's golf biz under court protection
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Goldsmith's wake: Wichita creditors watching as furniture company's bankruptcy proceeds
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Credit is hurt by Sallie Mae barring student-loan records
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House backs consumer credit law
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Economists nervy over US debt
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Denver: Hoover's wife demands jury trial; bankruptcy trustee hints at fraud
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Kmart Faces $138M Bankruptcy Bills
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Accounting:

M&A partner cull at Ernst & Young
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5th KPMG Partner Is Charged in Xerox Case
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Sarbanes-Oxley impact felt in state legislation
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'Touche' Goes The Way of 'Haskins' and 'Sells'

U.S. Execs Get Tough With Management Consultants
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Sarbanes-Oxley offers small CPA firms new opportunities
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Woes of Sarbanes-Oxley Whistle-Blowers
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How Following Orders Can Harm Your Career
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Tampa Bay: Bankruptcy leads to sale of Pasco County limestone mine
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Plan's Discharge-by-Declaration Provision Wasn't Binding

Union Financial to quit bankruptcy
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Collections firm finds human touch pays off: 'We're all debtors at some point'
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Interactive Marketing Technologies files for bankruptcy
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Bankruptcy of Toledo, Ohio, Fiberglass Firm Has Rippling Effect
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Attorney General launches investigation of Thaxton Group
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Airlines:

Air Canada Provides Update on Restructuring
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Delta CEO warns airlines have more hubs than needed: Carrier says it's losing money in Cincinnati, elsewhere
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Hawaiian trustee aiding SEC in probe of Adams
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Hawaiian Airlines' pilots harbor feelings of betrayal
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SEC begins Hawaiian buyback probe
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Northwest's debt to state grows
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Senate confirms Bankruptcy Judge Jones as fed district judge
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Curb bankruptcy filings, judge urges
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Steel:

AK Steel won't seek bankruptcy
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AK Steel Meets With Steelworkers Union
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Closed Bluffton, Ind., Foundry Likely to File for Bankruptcy
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Insolvent Ivaco cuts people and operations
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Former QED Solutions COO seeks involuntary Ch. 7 for back pay
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SIPC Discharges Employee in Connection With Cincinnati Investigation
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OneName files for bankruptcy
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Telecoms:

Dallas: Telecom company to liquidate under Ch. 7
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Call Forwarding for Pain or Profit
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Court Asked to Allow Insurer to Pay Touch America Executives' Legal Costs
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Born-Again WorldCom
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Telcos are caught in a web of rock-bottom prices for bandwidth, too much network capacity and too many wholesale competitors
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Pillowtex:

Pillowtex assets fetch $128 million
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Consortium Plans to Sell Pillowtex Assets
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Link Express founder tells story of downfall
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Vsource says it's not to blame for Team America bankruptcy
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UK:

Hundreds of tax debtors summonsed
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UK companies rebel as insurance costs soar
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'Deluded' ex-lawyer's £2.7m fraud
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Housing bubble to burst, say UK economists
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Turkey:

Turkish regulators allege $6bn bank fraud
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Canada:

Tax bills crush ex-JDS workers
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Uniforêt Finalizes The Implementation of Its Plan of Arrangement
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Germany:

German Recovery Seen Sputtering Amid August Vacations
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Korea:

South Korea's top firms fined
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Russia:

Pay Your Bill or Lose Your Pet
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Netherlands:

Ceteco's receivers file claim against Hagemeyer
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