September 11, 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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San Diego Software Firm Replaces Its Law Firms, Prompting Distress
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Airlines:

Air Canada lines up investors
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United Airlines seeks bankruptcy extension
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Frontier Airlines Denounces United's Proposal to Shift Gates at Denver Airport
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Hawaiian pilots strike back
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Talks set over US Airways' Pittsburgh operations
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Unions At Bankrupt Airline Might Chat Up Investors
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FrontLine Seeks Filing Extension
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Hollywood Publisher Seeks Bankruptcy After Losing Suit
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Cash-shy Britannica
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Pittsburgh: Audit says city is going broke
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Bankrupt Buddhist monk evicted
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U.S. Mortgage Delinquencies Rose in Second Quarter
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Home Mortgage Foreclosures Fall
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Law:

A Flood Of 9/11 Legal Questions
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Lawyers, Business Consultants Set Up Joint Operations
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Not-So-Great Expectations
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KLegal combs US in search for new allies
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Case That Crawled Through Courts Returns to Go
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Cooleys facing revolt over merger strategy
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Insurers Seek $300 Billion in Suit Over 9/11 Attacks
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Goodwin Procter LLP Announces New Partnership Elections
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Miami Attorneys Face Bar Investigations Over Benlate Settlement
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Law firm insurance premiums rise by a tenth
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Partners at Jones Day are crossing their fingers as associates prepare the annual office satire
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Former NY Associate With a Gripe Launches Blog
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On-Campus Crush: Get Yourself Hired
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Shell overhauls in-house legal department
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Former managing partner of Holland & Knight joins small Tampa firm
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Rivals back associate pay cut
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Euro arm of Baker & McKenzie leads fees race
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Most firms agree they could get a better return from their marketing and business development investments
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Maxxim:

Another firm takes on Maxxim
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Maxxim sale could get company back on track
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Pillowtex:

Pillowtex bonus ire intensifies
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Pillowtex workers now eligible for more help
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P'tex KERP challenged by creditors, union, paper
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Oxmoor Golf strikes deal to end bankruptcy
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  Enron:

Glisan Pleads Guilty
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Ex-Enron treasurer is jailed five years
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Finally, an Enron Conviction
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Enron ex-treasurer jailed
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Enron net tightens as Glisan jailed
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Prison Time for Enron's Former Treasurer
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House Passes Consumer Credit Legislation
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Tower Turns To Nemesis For Aid
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Micro Warehouse:

Computer Distributor Micro Warehouse Enters Bankruptcy
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Ingram Micro to Take Charge Related to Micro Warehouse
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New Conseco is off to fast start
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Substitute Skin Firm Out of Bankruptcy
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Steel:

White House Debating Steel Tariffs
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Slater Steel Seeks Crt OK On Bonus Plan For Key Workers
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Phoenix Group Corp Announces Completion Of Plan Of Reorganization And New Board Of Directors
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Daisytek Lenders Oppose Exclusivity Extension
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Letter from Delaware
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Callaway Golf Executive to Lead Top-Flite
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Judge Grants Tyson's Request
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Denver: Hoover pleads 5th at bankruptcy hearing
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HealthSouth:

HealthSouth Faces Medicare Fraud Investigation
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House panel questions Fulbright's HealthSouth probe
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Congress demands HealthSouth records from third parties
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Unions Back Suit against Bowater for Retiree Benefits at Maine Paper Mills
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A Summer Uptick for the Airlines, but Then What?
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Divine Gets More Time To Work Out Consensual Ch 11 Plan
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Corporate Reform:

NYSE documents indicate that Chairman Dick Grasso may have played some role in setting his compensation, which has been criticized as excessive
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Dick Grasso Digs a Deeper Hole
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Bank of America began dismissing employees allegedly involved in improper fund trading, the subject of a broad probe
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Hearings of the Judicial Conference Advisory Committees on Rules of Appellate, Bankruptcy, Civil, and Criminal Procedure
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Accounting:

A dispute over a new international accounting standard on derivatives could destabilise the role of the International Accounting Standards Board
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Universal Stainless replaces PwC
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FASB Postpones Stock Option Proposal
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Walrath to lead Delaware bankruptcy court
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Energy:

Judge indicates he'll favor Mirant
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Petroleum Geo Services Restructuring - Disclosure Material and Key Dates in U.S. Chapter 11
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Mirant Bankruptcy Judge To Rule On Pepco Order By Sep 17
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Mirant Shareholders Gather To Discuss The Mirant Shareholders Committee
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Calif Assembly Committee Impedes Group's Plan For PGE
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PG&E begins request to leave bankruptcy
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PGE Deal Faces Hearings As Alternate Plan Creates Buzz
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Calif, panel rejects consumer plan for PG&E
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PG&E tax refund dispute set for July 2004 trial
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Banker in Westar fraud case disbarred
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Telecoms:

Ntelos emerges from bankruptcy a private company
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US corp bonds in doldrums despite economic upturn
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Small businesses struggling to hang on while awaiting upturn
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Asbestos:

Silica: new asbestos or cynical ploy?
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Twinlab Receives Interim Approval for $35 Million Debtor-In-Possession Financing and Approval for ``First-Day Motions
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Oakwood files amended reorganization plan
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Officials Delay Purchase of Farmland Fertilizer Plant Property
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American Pad & Paper LLC Announces New Board of Directors
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Court Confirms InterDent's Plan of Reorganization; Plan Process Completed in 117 Days
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Samaritan Investigated by Illinois and Spitzer; Fund Closes
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EchoStar complains about Loral to bankruptcy court
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Loral Makes Tough Sacrifice to Stay Alive
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Hoteliers still looking for light at end of the tunnel
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England:

T&G calls for insolvency law overhaul
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Taxman accused of killing family firms
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Japan:

Banks still soft on problem debtors
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Japan revision nearly doubles GDP growth rate to 3.9%
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France:

France agrees to retool Alstom bailout plan
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Argentina:

Argentina secures vital 3-yr IMF aid pact
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IMF-Led Lenders Pledge Argentina $21 Bln in Loans
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Mexico:

Ahmsa still seeking deal with creditors
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