September 30, 2003 

SEC Wants Exec to Turn Over Enron Records
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SEC Asks Court to Enforce Subpoena on Enron's Lay
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Lay Cites 5th Amendment Rights in Dispute Over Documents
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SEC targets Lay's "personal" papers
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Enron willing to settle Nevada dispute
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Judge Lifts "Look For Work" Requirement on Ex-Enron Execs
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Lawyering After Enron
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Judge Says Ex-Tyco Execs Should Not Be Lumped With Enron
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Witnesses in clear to talk with defense
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Fiduciary Duties and the Zone of Insolvency -- Pereira v. Cogan Reminds Directors of Private Corporations of Their Duties to Shareholders and Creditors
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Milestone Capital, Inc. Files for Chapter 11 Bankruptcy Protection
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DVI admits diverting noteholder cash
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Hedge Funds Draw Traders, Bankers in Wall Street `Brain Drain'
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Energy:

NorthWestern Seeks $4M Breakup Fee For Expanets Sale
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Evidentiary Hearings on Proposed Settlement Conclude in Pacific Gas and Electric Company's Chapter 11 Case
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Mirant Lays Off More Employees; Further Cuts To Come
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Creditors object to Mirant DIP
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Fraud cases surge amid global recession
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The 2003 Global Economic Crime Survey (large download)
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Wherehouse: Trans World To Keep 111 Stores, Close 34
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Farmland will sell Coffeyville plant for $281M
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Farmland creditors turn to claim liquidation firms
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Pittsburgh: City Declaring Bankruptcy Could Cost Suburbanites
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Federal action forces Wolford into bankruptcy
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Can Bankruptcy Hurt My Job Search?
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Steel:

Foundry suspends operations
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Weirton Steel labor talks a struggle, union says
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5th Annual Forum to Address Strategies for Institutional Investors Buying Distressed Debt
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GlobalInsolvency.Com

Potential buyers bid on Pillowtex's brands, real estate
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San Antonio Symphony to Present Recovery Plan
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Team America slips into Chapter 11
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Paychecks in Doubt for 9,000 Workers for Ohio-Based Human Resources Firm
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Workbench Furniture Closing Stores
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Law:

Associates Giving Up on Partnership
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Clifford Chance set to take axe to dead wood partners
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LeBoeuf says not guilty
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NY Firm Ordered to Withhold Associates' Pay
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3L Who Offered to Skip Mom's Funeral Miffed Over Leaked Resume
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National Firms Eye Merger
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Foleys in talks to forge 1,200-lawyer US giant
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Firm Declares Bankruptcy
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Tales of a pron star
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Sarbanes-Oxley is prompting tax lawyers to head back to law firms
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At last, there are indications that CC is about to get tough on its own partners
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Firm Opens Chicago Office With Raid
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Corporate Reform:

New NYSE chief won’t rush to change board
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Jury Selection Begins in Tyco 'White-Collar' Scandal
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Quattrone Trial to Present a Twist - CSFB's ex-general counsel will be the government's star witness
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Quattrone case to test limits of charges, perception
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Investment Banker's Trial Begins With Scrutiny of Jurors
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Tyco's Kozlowski Confronts His Peers
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Airline:

Airline, unions square off on pensions
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Air Canada Workers Threaten to End Pension Talks
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Air Canada Court Protection Extended to December
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Air Canada Provides Update on Restructuring
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Judge tells lawyers for Air Canada, unions, pensioners to 'get back on track'
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Impath Files for Bankruptcy Protection
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Amid accounting woes, Impath succumbs
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Implant Imbroglio
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Far & Wide can use cash
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Great Northern Paper Sues Company in South China, Maine, and Six Others
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Asbestos:

Halliburton will not ask to extend DII Industries stay
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Accounting:

Using Software to Sniff Out Fraud
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Living with the Sarbanes-Oxley Act of 2002: A Primer for Members of Public Company Audit Committees
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Pricewaterhouse Bills Are Criticized
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EU Pushes New Accounting Standards
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Savor Reaffirmation Success
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How a trusting board and an executive in denial led Daisytek into a bankruptcy that didn't have to be
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New York Takes on Payday Loan Scams
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Islamic bank takes over stationery giant from bankruptcy
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UK:

Decision Day For Energy
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Equitable case fuels directors' insurance costs
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NTL to review top UK salaries
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KPMG appointed Receiver to Faulds Advertising Limited
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England's bar association lost the power to govern its own Friday
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Current Distressed Companies Update
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Canada:

Mosaic board resigns
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Woman who won in sex abuse suit against church must pay church's legal costs
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Japan:

Some Japanese banks found to be overvaluing borrowers' collateral
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Ties between Japan banks and corporates unwinding?
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Australia:

Wine scheme promoter owes $29m, claims to have $10,302
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Jacobsen Entertainment calls in administrator
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Unsecured creditors accept Nardell mine offer
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Russia:

Russia's Double-Edged Sword of Bankruptcy
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Korea:

Korean Prosecutors Indict 34 In Accounting Scandal
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