September 17, 2003 

Asbestos-plagued shares up on liability limit talk
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Law Firm in Slatkin Case Agrees to Pay $650,000
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Going Broke
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Cone Mills Gets Offer From WL Ross Co. To Purchase Substantially All Of The Company's Assets
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NYSE Suspends Trading In Cone Mills
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Accounting:

Audit Firms Allegedly Overbilled Clients for Travel By Hundreds of Millions
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BDO tax prep clients try to assert privilege
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IRS and States Partner to Combat Tax Evasion
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Europe Considers Accounting Oversight Board
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Internat'l accounting network with lawyer ties eyes the U.S.
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Advisory firms grow despite tough times, FPA study finds
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Will Big Four audit dominance wake up rest of the profession?
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Suit Claims Fluor Fired Auditor in Retaliation
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Enron:

Grand jury again delivers an indictment
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Ex-Merrill Lynch Execs Face Fraud Charges
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Audit Committees After Enron
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Tobacco:

Illinois Supreme Court agrees to hear Philip Morris appeal, reduces bond
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Altria Shares Surge on Bond Verdict
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R.J. Reynolds will cut 40% of its work force
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Airlines:

German bank eyes Air Canada stake
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Onex Chief Interested In Air Canada Stake
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Air Canada seen happy with foreign share limit
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Hawaiian’s stock surges on large block trading
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Airports, Airlines Face Fiscal Bind, Experts Say at Tampa, Fla., Conference
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Midway must show plan for restructuring
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Roddey says U.S. Airways wants $500M
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Former Consolidated Freightways Workers Sue over Pensions
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Agway makes another request for more planning time
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Dueling filings over ADLT trustee (scroll down)
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MCI fights to keep CEO from testifying in court
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Rohn files for Chapter 11
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ROHN Industries seeks Chapter 11 protection
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General DataComm Emerges from Bankruptcy
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IMP Inc Filed For Chapter 11 Bankruptcy Earlier In September
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MCI wins over another dissident
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NJ, WorldCom In $10.4M Pact To Settle E-ZPass Lawsuit
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Hedge Fund Wins Large Stake in WorldCom Settlement
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Fastnet Seeks OK To Pay About $1M To Keep Key Employees
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Baltimore: Parole Plaza owners buy time
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Corporate Reform:

Microsoft program to help sale of worthless options
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Calpers Calls for Grasso to Step Down as NYSE Chairman
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Board Game Settled
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SEC moves to block $23m payoff to Messier
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Banking Regulators Begin to Apply the Sarbanes-Oxley Act to Non-Public Financial Institutions
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Energy:

Atlanta-Based Energy Firm Open to Grilling by Creditors, Stockholders
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PGE, Consumer Groups Agree To Rate Case Settlement
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Settlement Boosts Bankrupt PG&E's Revenue
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NorthWestern Able to Continue Normal Operations
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NorthWestern Receives Approval Of First Day Motions
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NorthWestern officials offer optimistic view of bankruptcy
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PSC: NorthWestern bankruptcy won’t halt investigation
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Mirant bankruptcy puts school bond issue on hold
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Jefferson Mills emerges from bankruptcy
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Imax owner declares bankruptcy
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Biozhem Cosmecuticals Considering Filing For Chapter 11
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Bankrupt LTWC Completes Asset Sale to California Firm
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Settlement of Phico lawsuit awaits bankruptcy court approval
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New Bankruptcy Opinions
(4 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Steel:

WCI Steel Files For Chapter 11 Protection
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U.S. Steel Sells Former Mishawaka, Ind., Headquarters to Bank
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Steelworkers Will Be Involved In Ivaco Inc. Restructuring
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Ivaco restructuring under bankruptcy protection
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Law:

The Client Comes First - In these lean times, firms are focusing on technology that keeps them close to clients
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Lawyers Questioning, Abandoning Their Profession
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Track Website Traffic To Improve Marketing
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Two ex-Kmart execs to face trial on Oct. 14
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FDCPA bill introduced
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You Want Jobs with That Recovery?
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Court Approves $11.2 Million Sale Of Bonus Stores
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Credit Card Debt Plagues Poorer Folks
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Conseco Finance Reorganization Plan Becomes Effective
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Chart Industries Emerges from Bankruptcy; Chart Joint Prepackaged Plan of Reorganization Consummated
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U.K.:

New bankruptcy rules come into force
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Scots fare badly in new debt legislation
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Japan:

Nissan Diesel Surges on 100 Bln Yen Bailout Report
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Soccer: Borrowers can pay high price
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New Zealand:

PC receivership talks begin
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Argentina:

Argentine Bond Offer Threatened by Dart Judgment
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Canada:

Unions to propose innovative protection for workers caught up in bankruptcies or insolvencies
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BCE Files Statement Of Defense Against Teleglobe Lenders
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PlasTech Group Obtained Further Order Under Companies' Creditors Arrangement Act
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