October 8, 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:

Northwest employees balk at any givebacks
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Delta, Pilots Union Set to Meet Oct. 17
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An arbitrator has sided with Hawaiian in the airline's effort to pare costs by cutting
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SEC denies Hawaiian airline request
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Court OKs $128 Million Sale of Pillowtex
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GenTek's Plan of Reorganization Confirmed; Clears Path To Emerge From Chapter 11
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Corporate Reform:

Tyco trial told of yachts and high living
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Quattrone trial hears of legal dept delay
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Quattrone Team Scores a Few Points
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Rite Aid Ex-Chief Counsel Urged Lies, Exec Testifies
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Tyco Officers Blasted
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Drawing Battle Lines in the Tyco Trial
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U-Haul Parent Files Reorganization Plan
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Tampa: Living Water Files For Bankruptcy
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Court Extends DIP Financing For Uniroyal Technology
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Help for Horsehead may lie with benefits
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For Richer, for Poorer
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Energy:

PSC seeks cash for representation in bankruptcy
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NorthWestern seeks stop to shareholder legal actions
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PSC votes to hire law firm for NorthWestern bankruptcy
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State supporting Nevada Power's Enron appeal
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Telecoms:

Curran's feats make ICG chief a bargain
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Global junk bond default rate falls in Sept
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Thaxton Group to Explain Frozen Funds to Investors
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Pittsburgh: No taxes, no cash, no bankruptcy
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Alterra Healthcare Corporation: Post Chapter 11 Ownership and Operating Plan Announced
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James Cable Partners Gets Crt OK Of Ch 11 Plan Disclosure
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Law firm can't defend bank in Erpenbeck case
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Bankruptcy Court OKs Sunterra's buy of Epic
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Trustee asks for scrutiny of Calvo assets
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  Asbestos:

Bill shows gap in asbestos negotiations
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Opponents of ABB asbestos pact file final brief
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Law:

Law firm Neal, Gerber sets up bankruptcy practice
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"Stumpy" Harris Moves On
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The Future of Litigation
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Miami-Dade Files Massive RICO Civil Suit - Defendants Include 70 Lawyers
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Law firm re-hires ex-HealthSouth counsel
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I Can't Believe It's A Law Firm!

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Steel:

Weirton Plans Layoffs in Reorganization
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Layoffs, loss of pensions loom at Weirton Steel
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Weirton Steel reorganization would cut 950 jobs, pension plan
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Slater Steel to close mill, lay off 370 at Fort Wayne
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Slater Steel slashing 418 more U.S. jobs, closing plant
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Republic: Analysts see smaller company with fewer, lower-paid employees
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Steel Industry Ads Are Harbinger Of Election Year To Come
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Republic filing slams PE backers
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Republic talks with its lenders
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Equity analyst goes bankrupt?
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Team America's client list sold
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Enron:

Enron backlash fuels Oregon move to public power
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Nevada Power, Sierra Pacific Power Ask Regulators to Void Enron Pacts
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Enron mess still being sorted out - 180 lawyers busy
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Liteglow Industries Files For Chapter 11 Bankruptcy
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Financo Expands Restructuring Practice with New Senior Executive Hires; New Restructuring Professionals Join Senior Management Team
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Small, Middle-Market Cos May Face More Directors Lawsuits
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Deal to aid those left high-and-dry by defunct health plan
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Judge orders Sens' financial records sealed
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Final J.A. Jones units to sell in 2 months
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Farmland Auction Preview
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Accounting:

Oversight chief: Auditors are on their own
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Regulators still drawing the line on auditors
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U.S. Auditing Oversight Board Begins Policing Role
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Metawave Communications Auditor Grant Thornton Resigns
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California Insurance Fund Fires Pricewaterhousecoopers after Audit Dispute
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New Charges, a Trial, a Probe, a Verdict
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Ernst & Young must fight claim for 300m
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E&Y facing fresh negligence claim
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Legal liabilities must be capped, says Ernst
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Objections filed to Kalakala sale
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Kalakala mired in more legal muck
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Bill to Allow Private Tax Debt Collections Approved by Senate Finance Committee
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As it heads toward bankruptcy, Radio Unica agrees to sell its 15 AM stations for $150 million
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Canada:

Strange day in court as bankrupt lawyer acts for bankrupt trustee - `A most unusual set of characters'
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Report Details European Novelty in Structuring Securitizations Without a True Sale of Assets
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UK:

TV cook: BBC has made me bankrupt
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Fat Lady cooks up BBC row
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Consumer debt north of the Border has spiraled to nearly 40 billion
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Students in debt
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Insolvency ruling on housing associations has 'adverse' implications
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Japan:

Lone Star Buys $342 Million of Japanese Properties
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Australia:

Jacobsen confident show will go on
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Australia's Costello: Plans Sweeping Audit Change
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Argentina:

Broke Argentina says it will need more credit
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