September 26, 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 on the Attack - A convicted bank robber suing the driver of his get-away car?
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Enron's Natural Gas Pipelines Free to Move On
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Son of Enron
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Accounting:

Big Four accountant arrested under Sarbanes-Oxley
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FBI arrests E&Y ex-partner in NextCard audit case
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Travel-Billing Probe Has Bigger Scope
(WSJ: separate paid subscription required)

Former Ernst & Young Partner Charged Under Sarbanes-Oxley Act
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Top Questions from Executive Recruiters
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Asbestos:

Automakers Sue Over Asbestos Maneuver
(NYT: separate free registration required)

Trio of Car Makers Sues Companies Over Transfer of Unit
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The Complaint (large download)
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ABB holds its ground in asbestos settlement appeal
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Dillard's Stores Feel Increasing Financial Pinch
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There is unlikely. There is impossible. Then there is getting money out of a busted dot-com
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Levi Strauss to Fire 1,980, Shut Texas, Canada Plants
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Spitzer Sues Two Loan Companies
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Houston Bankruptcy Judge makes his wife a citizen
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IRS Considers Giving Data to Law Enforcement Agencies
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Isle of Capri Casinos to Acquire the President Casino
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Durable Goods Orders Fall
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Bankruptcy papers raise issue of where scholarship funds went
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Steel:

Bankruptcy Judge OKs Special Metals Reorg Plan
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Ivaco cutting 115 jobs at Que. plant
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Court Confirms Neenah Foundry Ch 11 Restructuring Plan
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Corporate Reform:

SEC Staff Seeks Hedge-Fund Oversight
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To the Last, Grasso Clung to Hopes
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Quattrone faces toughest sell: a jury
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Time to Face the Jury, Mr. Kozlowski
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Stars of the '90s Go on Trial
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Financial problems in the Federal Home Loan Bank system are sparking concern, following news of losses at the New York bank
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  Airlines:

Air Canada sets new deadline to pick investor
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Airlines raise frequent-flier bar
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Canada Hires Deloitte to Study Air Canada Proposals
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Air Canada's flight for survival weighed down by more revenue shortfalls
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Air Canada's solvency struggle 'deteriorating'
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Air Canada Requests More Time For Restructuring Plan
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Hawaiian Airlines pilots hold a protest
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Law:

Susan Barnes de Resendiz Joins Gardner Carton & Douglas' Bankruptcy Practice
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Lawyers in love - The law firms may frown, but fraternization happens
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K&L adds bankruptcy and maritime practice to Miami office
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Instant Karma
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Akin Gump, Shaw Pittman in Talks
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Bankruptcy Partner, Associates Bolt NY Firm's Doomed Satellite
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Reed Smith Votes on Managing Partner
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Sullivan & Cromwell Representing NYSE On Grasso Exit Pay
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He Finally Made Partner, Then the Economy Tanked
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Fewer Firms Dining on Equity Stakes in Clients
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Firm Goes on Hiring Spree
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Cone Mills:

Dissidents grow on Cone Mills board
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Cone Mills files bankruptcy, shareholders elect dissident board slate
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Cone insurgents appear to win
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Shareholders of Cone Mills Vent over Chapter 11 Filing
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Telecoms:

Court OKs NextWave's $1.4 billion license sale to Cingular
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Frontline's Provo Division Receives Extension on TelMex Debt; Extension Granted by TelMex in Order to Continue Debt Restructuring Negotiations
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Airgate considers Chapter 11
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Screaming Match
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Regus Says Making Chapter 11 Progress
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Bare Bones Guccione
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New York firm handling lease of closed Drug Emporiums
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DJM Asset Management to Market All Workbench Furniture Stores
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Goshen Woman Charged With Bankruptcy Fraud, Reports U.S. Attorney
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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FTI Consulting to Acquire Lexecon
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Wall Street's Next Nightmare? - Litigator John O'Quinn is gunning for another bonanza
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DVI Financing OKd
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Energy:

Portland Genl Elec: To File FERC Pwr Mkt Settlement Fri
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Mirant Chap 11 Judge Postpones Hearing On Brazos Contract
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Allegheny Energy posts 2002 loss of $632.7 million, restates 2001
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Auditors Say Allegheny Likely To Declare Bankruptcy
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Advanced Glassfiber Yarns LLC Receives Court Approval of Disclosure Statement
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HealthSouth Scandal Doesn't Slow Former Chief
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The Fear Factor - Why I'm sitting out this recovery—for now
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Denver: Hoover bankruptcy judge approves NASD request
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Acterna's Plan of Reorganization Approved
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UK:

Bank warns over rise in company debt
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Equitable warned against cutting bonuses
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Tough times ahead for construction and property businesses
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Australia:

Tas cheese giant goes off
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Pan up in air for few weeks
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Japan:

Matsuyadenki Files for Protection From Creditors
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Banks told to tighten screws on debtors
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Osaka taxpayers down 114 bil. yen
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Canada:

SLM software launches suit against investors
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Argentina:

Argentina Offer Prompts Threat of Investor Lawsuits
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Germany:

Up against the wall
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Mexico:

Mexican mortgages charge 14% interest; in US/Europe rate is less than 6% - Collateral recovery difficulty cited
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