September 4, 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

         
Debtors' Lawyer Avoids Liability for Carrying Out Fraudulent Transfer
(DBN Subscription Required)

Top-Flite:

Callaway Golf Wins Auction for Top-Flite
(DBN Subscription Required)

Adidas To Turn To Organic Growth After Failed Golf Co Bid
(DBN Subscription Required)

________________

What Is Driving Americans Into Debt? - The No-Frills Middle Class
(NYT: separate free registration required)

State says fund manager bilked 89 investors
(DBN Subscription Required)

Las Vegan Bankruptcy Judge Jones may be named federal District Court judge
(DBN Subscription Required)

Bankruptcy judge moves closer to new post
(DBN Subscription Required)

Chart Industries Plan of Reorganization Confirmed
(DBN Subscription Required)

Energy:

PG&E Corp. Chairman Says Company is on a Clear Path to Increased Financial Performance
(DBN Subscription Required)

Consumer advocates call PG&E bankruptcy settlement too expensive
(DBN Subscription Required)

El Paso Files Bankruptcy Suit Seeking To Terminate Master Netting Agreement With Mirant For Ipso Facto Default
(WSJ: separate paid subscription required)

Moody's turns negative on Nevada Power
(DBN Subscription Required)

Expanded probe of NWC OK'd
(DBN Subscription Required)

____________________

Conseco agrees to sell long-term-care insurance units
(DBN Subscription Required)

Telecoms:

9 states seek more time to investigate MCI
(DBN Subscription Required)

Ebbers Faces Music in Oklahoma
(DBN Subscription Required)

WorldCom directors asked to fix "bad stuff" on many fronts
(DBN Subscription Required)

Ex-WorldCom CEO Pleads Innocent in Okla.
(DBN Subscription Required)

Competitors oppose MCI creditors' request for subpoenas
(DBN Subscription Required)

WorldCom's Embratel Agrees to Buy AT&T Latin America
(DBN Subscription Required)

A Novo Broadband Seeks More Time To File Chapter 11 Plan
(WSJ: separate paid subscription required)

Superior TeleCom Inc. Receives Court Approval of Disclosure Statement
(DBN Subscription Required)

Global Crossing Pares Down Even Further Prior To Sale Deadline
(DBN Subscription Required)

MCI Questions Rivals' Practices In Routing Calls
(DBN Subscription Required)

_________________

Founders Target of National Century Probe
(DBN Subscription Required)

World's hyper-borrower need not fear its creditors
(DBN Subscription Required)

DVI Files Emergency Bid To Prepare For $20M DIP Loan
(WSJ: separate paid subscription required)

Bankruptcy Leaves Firm's Ships, Crews Stranded
(DBN Subscription Required)

Troubled D.C. hospital postpones update
(DBN Subscription Required)

Slump puts Loral at risk
(DBN Subscription Required)

Mestek Settles Two Class-Action Suits for $18.5 Million
(DBN Subscription Required)

A hedge-fund manager arranged with mutual-fund firms to improperly trade fund shares - against the fund firms is "almost certain"
(WSJ: separate paid subscription required)

Scandal Finds the Funds' Sly Secrets
(DBN Subscription Required)

Asbestos:

USG Corp Wants Six More Months To Tally Asbestos Claims, Monitor Reform Legislation
(WSJ: separate paid subscription required)

EPA Didn't Tell Whole Truth About Asbestos In Air After 9/11
(DBN Subscription Required)

Silicosis Suits Rise Like Dust
(WSJ: separate paid subscription required)

Asbestos Reform Still On Congress' Long Agenda
(DBN Subscription Required)

Insurer Royal & Sun seeks cash, cuts more jobs on asbestos worries
(DBN Subscription Required)

______________________

Six Texas Counties Sue Oil Companies, Claiming Conspiracy to Defraud
(DBN Subscription Required)

Filing for bankruptcy

Philadelphia: What happens to the Barnes if deal falls apart? Bankruptcy is possible, but not inevitable
(DBN Subscription Required)

Agway lawyers line up for fees
(DBN Subscription Required)

Bankrupt Fey will pay 65 cents on dollar
(DBN Subscription Required)

  Enron:

Royal Bank Sued by Hedge Funds Over Enron Funds
(DBN Subscription Required)

WorldCom Probe Could Put Heat on Enron
(DBN Subscription Required)

The Women of Enron : A New Calling
(DBN Subscription Required)

Court wants fast answers on request for transcripts
(DBN Subscription Required)

What's the Word on Andrew Fastow?
(DBN Subscription Required)

CRRA lobbyist denies Enron advice
(DBN Subscription Required)

_________________

Massachusetts Lawmaker Asks for Review of Report in Polaroid Bankruptcy Case
(DBN Subscription Required)

Elan to File Report by Tomorrow to Avoid Default
(DBN Subscription Required)

Law Firms:

The Nation's Oldest Law Firm Looks to Relocate
(DBN Subscription Required)

Allen & Overy board set to decide on landmark India outsourcing move
(DBN Subscription Required)

Firm bucks trend with pure lockstep bid
(DBN Subscription Required)

Baker & McKenzie unveils 2003 results
(DBN Subscription Required)

VLG snubs Orrick with Heller merger
(DBN Subscription Required)

Wharf Law Firm Comes In At The Bottom In Earnings Poll
(DBN Subscription Required)

IRS sues Jenkens for client list
(DBN Subscription Required)

US firms join forces from London lobby group
(DBN Subscription Required)

Beringer wins second term at Allen & Overy helm
(DBN Subscription Required)

Too few law firm managers apply their knowledge of their firms’ culture to their longer term planning
(DBN Subscription Required)

Dorsey swoops on E&Y
(DBN Subscription Required)

Why lawyers are terrible in bed - probably
(DBN Subscription Required)

Lawyers of Arabia
(DBN Subscription Required)

Beware: associate leverage gearing does not immediately translate into high profits
(DBN Subscription Required)

Accounting treatment may seem a dry issue, but it can impact on law firm performance by at least 20 per cent
(DBN Subscription Required)

Seyfarth Shaw in talks over Chicago merger
(DBN Subscription Required)

A new twist to the salary war
(DBN Subscription Required)

The implications of choosing the right law firm ISP
(DBN Subscription Required)

Partners question in-house privilege
(DBN Subscription Required)

______________________

Tyson: Open biz partner's books
(DBN Subscription Required)

Tyson asks former adviser to give documents to bankruptcy court
(DBN Subscription Required)

Credit Lyonnais to Plead, Pay in Executive Life Case
(DBN Subscription Required)

Kroll Provides Consumer Tips on Protecting Against Id Theft
(DBN Subscription Required)

Identity Theft Costs Billions in U.S.
(DBN Subscription Required)

When ID theft hits: What to do
(DBN Subscription Required)

Court Approval to buy Daisytek Canada
(DBN Subscription Required)

Accounting:

IRS workers poor on tax law advice
(DBN Subscription Required)

Deloitte Relieved of Duties After Questioning Accounting Methods

Tax Lawyers Exit Big Four, Head For Law Firms

Tyco Auditor Takes A Fall
(DBN Subscription Required)

_________________

Bankruptcy Judge Orders S.A. Symphony, Union To Negotiate
(DBN Subscription Required)

Trenwick Group Seeks Court OK Of Employee Retention Plan
(WSJ: separate paid subscription required)

U.S. officials urge delay on ICO/Globalstar acquisition
(DBN Subscription Required)

Court Approves Amerco's Request For Probe Of Investors
(WSJ: separate paid subscription required)

Paramount OKs out-of-court debt deal with Kirch - $192 million settles $1 billion debt
(DBN Subscription Required)

Lawyer faces $40,000 fine for contempt for calling judge "a complete cretin"
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Airlines:

Pilots Union Balks as Midway Airlines Pressured to Emerge from Bankruptcy
(DBN Subscription Required)

Airline bankruptcy won't strand fliers
(DBN Subscription Required)

Air Canada to complete claims process by month's end
(DBN Subscription Required)

Blackstone Group, Carlyle May Invest in Air Canada
(DBN Subscription Required)

Olympic Airways Flights Cancelled After Stewards Call in Sick
(DBN Subscription Required)

Trustee Moves To Stop Hawaiian Air Pension For Pilots
(WSJ: separate paid subscription required)

____________________

Adelphia:

Adelphia founder Rigas due for second arraignment
(DBN Subscription Required)

Evidence In Rigas Case - A Hard Drive - May Be Tainted
(DBN Subscription Required)

_________________

Philip Services Corporation Sells RMF and Delta Union Businesses to Nooter Construction
(DBN Subscription Required)

Tuition, credit cards keep students in debt
(DBN Subscription Required)

Exide Technologies Receives Court Approval of Disclosure Statement; Confirmation Hearing Initially Set to Begin October 21
(DBN Subscription Required)

Superfund Suffering Cash Crunch
(DBN Subscription Required)

Actrade Fincl Hldr Seeks Meeting; Wants To Remove Board
(WSJ: separate paid subscription required)

Steel:

Mill faces uncertain future
(DBN Subscription Required)

Weirton Trims Bonus Plan by $350,000
(DBN Subscription Required)

Union Contract with Special Metals Will Be Nullified on September 11th
(DBN Subscription Required)

Protecting Yourself Against "Rogue" Vendors: Beyond "Divine" Guidance
(DBN Subscription Required)

Bankruptcy Court Approves $29 Million Settlement in LTV Bankruptcy Case
(DBN Subscription Required)

More Utahns losing homes
(DBN Subscription Required)

Neenah Foundry Gets OK Of Cash Collateral, Commitment Fee
(WSJ: separate paid subscription required)

___________________

Court Officials Expect Northwest Ohio Bankruptcies to Set Record in 2003
(DBN Subscription Required)

NC Official Seeks Vacation Pay For Fmr Pillowtex Workers
(DBN Subscription Required)

Shawnee Hills creditor gets time to find buyer
(DBN Subscription Required)

U.K.:

Pacific Retail Pays 17.2 Million Pounds for U.K.'s PowerHouse
(DBN Subscription Required)

Shopping turns U.K. into 'maxi-version' of U.S. on debt
(DBN Subscription Required)

FSA warns listed companies on accounting standards
(DBN Subscription Required)

Appeals court rules firms not liable for partners’ out-of-office dealings
(DBN Subscription Required)

DTI winds up five holiday companies
(DBN Subscription Required)

_________________

Australia:

Pan founder challenges pharmacists' right to vote
(DBN Subscription Required)

_______________

Japan:

Japan's Asahi Juken Declared Bankrupt
(DBN Subscription Required)

Nomura wins bid to rehabilitate bankrupt theme park
(DBN Subscription Required)

______________

Philippines:

Meralco meets financial advisers for loan restructuring scheme
(DBN Subscription Required)

_____________________

Mexico:

Troubled Mexican Co With Govt Stake Battles ING In Court
(DBN Subscription Required)

________________

Germany:

German banks send distress signal
(DBN Subscription Required)

___________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com