September 23, 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Enron:

Enron Employees Win Right to Recoup Money From Executives
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Workers can sue for Enron millions
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Enron can go after deferred pay
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Ex-Enron workers face givebacks
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What do 'asset' and 'substantially all' really mean?
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Schwabe Williamson wins $100M case for energy client
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Dabhol: Bechtel, GE file arbitration to recover $1.2b
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Enron fallout puts motivation on the books
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Asbestos:

Halliburton/Units: To Mail Disclosure Statement
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Mich. Supreme Court Taking Comments on Changing Handling of Asbestos Cases
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The consequences of our failure to get to grips with the worldwide asbestos industry are grim
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Asbestos fight draws victims into fray
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Airlines:

Airline's bookings rattle Sabre
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Swiss reports SFr333 million first-half loss
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Air Canada must chart a fine course
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'Percentage bidding war' erupts over Air Canada
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Air Canada won't get equity deal this week
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A tale of two hubs
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American tries meals-for-cash plan
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US bankruptcy court permits Avianca leasing contract
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Indian Motorcycle:

Indian Motorcycle loses fight to revive old brand
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Indian's abrupt closure leaves a puzzling void
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Indian Motorcycle ceases production, lays off work force
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10th Annual Aircraft Finance Conference to Address Bankruptcy Issues And Financing Strategies
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Venerable Marine-Supply Store in Seattle to Hold Liquidation Sale
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Steel:

New AK Steel bosses may reach labor pact
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AK Steel Corp. Faces Clouds in Future
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No Timetable for Bush Steel Decision
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Hurt by Steel Tariffs, Some Boycott Bush
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Keen Realty, LLC and Centerpoint Development Retained By The Spiegel Group To Sell 4 Million Sq. Ft.
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Companies Expect to Stay Tight With Budgets
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  The bankruptcy capital of America
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Learn where you rank on credit score ladder
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ING sues J.P. Morgan, Deloitte in "Ponzi" case
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S&P Downgrades FTI Consulting to Hold
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Law:

Akin Gump opens merger talks with Shaw Pittman
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Real Estate Turf War Lands at Georgia High Court
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Linklaters swoops on Lathams for US insolvency push
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Shapiro Sher Adds bankruptcy Lawyer
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Baker, Donelson Chief Joins First Tennessee's Investment Banking Unit
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Harvard Law Dean's Goal Is Revolution
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2nd Annual Law Firm Executive Director & CFO Forum
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Former Los Angeles Real Estate Broker Is Sentenced in Bankruptcy Fraud Case
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Energy:

Key Ruling Helped Bankrupt Mirant Save Its Trading Operation
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NRG Energy, Inc. Establishes Voting Record Date for Reorganization Plan
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Mirant shareholders get official panel
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Loral Skynet Declares Telstar 4 A Total Loss
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Corporate Reform:

Interim head faces calls for reforms at Big Board
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Directors chilled by the fear of financial liability
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Business Students Encounter 'Boot Camp' for Ethics
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Two incomes aren't what they used to be
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Georgia: State going after tax deadbeats
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Telecoms:

Cingular alone in bidding for NextWave airwaves
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Fiber Network Firm Turns Profit One Year after Bankruptcy
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Level 3's Slip Points to Telecom Turmoil
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Accounting:

Worry Over a New Conflict for Accounting Firms
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Regulator to Inspect Auditor Firings
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FASB on M and A: Break Out Those Numbers
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WSI, maker of athletic moisture-control underwear, files for bankruptcy
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ORBIMAGE Prepares For Post-bankruptcy World
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Recovery Rates Return to Historical Norms, Credit Erosion Slows for U.S. High Yield
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To Stay in Business, Stark Choices at a Texas Hospital
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Irate Consumers File Class-Action Suit Against National Warranty Insurance Co.
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Will debt buildup sabotage the recovery?
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Jury Selection Begins in CFS Fraud Trial
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Lawyer Gets 5 1/2 Years in Frankel Scheme
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Stan Lee - Spidey Swindler: I'm Innocent
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U.K.:

Equitable action could 'ruin former board'
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Give the barrister a chance - a handy guide to preparing the perfect brief
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I'm a proud solicitor being driven to despair
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Australia:

Pan facing liquidation as rescue plan voted down
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A touch of the nellies at Pan
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KPMG can hang out at pill factory
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Canada:

Doman in Talks With Cerberus, Asks Court for Time
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Goldray Seeks Creditor Protection to Allow Financial Reorganization
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Argentina:

Foreign creditors offered repayment of 25 cents on the dollar
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Argentina Angers Investors With Defaulted Debt Offer
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Japan:

Takenaka to keep pushing banks on loans
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Made in Japan
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Japan Inc. is undergoing a series of tough restructurings, as companies start to slash costs, boost profits -- and listen to shareholders
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China:

Chinese to sell bad loans over the counter
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France:

Last-minute reprieve for engineer
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EU Monti OKs Deal With French Government To Save Alstom
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Alstom skirts bankruptcy but future looks smaller
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Alstom Shares Slide
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Alstom shares seen soaring after rescue plan
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Mexico:

Investor Sues To Stop Alestra's Tender, Swap Offer
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