April 1, 2004 

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
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Law:

2003 Corporate Scorecard
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2003 Corporate Scorecard - Charts
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Results 2003: US leaders surge ahead as growth smashes 10%
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Top London law firms predict profits woe
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Jenkens: The Tax Man's Travails
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IPO legal fees are cut in half as market splutters into life
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Dechert targets former Clifford Chance UK HQ for office move
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Oil giants employ most legal counsel
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National leaders head US field
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Motherhood at the Firm
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Advanced and complex technology is finding its way into even the smallest law firms
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A&O: The meter’s running…
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Average profits per ????
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Asbestos:

Trial lawyers say: If asbestos cases bad, why settle them?
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Moody's cuts Travelers Property Casualty's rating, but asbestos reform could kick it up
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FAO treasures going at auction
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Magnate spins wealth by buying U.S. mills, selling them abroad
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Hedge Fund Operator Accused of Bilking Indian Tribes Arrested
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Credit counseling service could use some counseling
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U.S. Company Bonds Fall Versus Treasuries as Reports Awaited
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Spiegel Sells Warehouses in Columbus, Ohio, in Retailer's Bankruptcy Shuffle
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Trade Vendor Quarterly
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Pacific Crossing presses claims
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Trump:

Visa deal draws Trump card
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Trump Bondholders Face The Master Of The Art Of The Deal
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Trump, you could be fired
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Analyst: Trump Casino Bankruptcy 'Inevitable'
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Wall Street wondering about Trump -- Some believe he's gambling his fortune over struggling resort
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Trump's Chilly Sidekick Thaws a Bit Off Camera
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Court OK's Genzyme's buyout of Impath
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Packed meeting discusses Credit Lyonnais scandal
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Dan River sinks into Ch. 11
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Cardima Provides Announcement Regarding Auditor's Going Concern Opinion
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Dan River files Chapter 11
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S&P cuts Dan River ratings to 'D'
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Crt Gives American Commercial Lines More Ch 11 Plan Time
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Judge Says Racketeering Suit Can Proceed Against Block and Household International
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Clients of Utah Credit Counseling Service Left in Lurch after Shutdown
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Portland, Maine, Attorney May Soon Represent Buyers of Eastern Paper Mill
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Connecticut Investment Group Agrees to Buy Maine's Eastern Paper Mills
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Bankrupt Lehigh, Pa., Slipcover Maker Sure Fit Will Be Students' Case Study
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  Airlines:

Union split over airline pensions
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Air Canada Labor Agreement Disputed by Union Leader
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Air Canada gets pension deal with largest union
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Air Canada pension "deal" thwarted by union feud
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US Airways machinists blast CEO
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Airline granted a break / UAL given OK to cut payments on SFO bond issue
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Fitch Comments on Bankruptcy Court Ruling Regarding United Airlines' Special Facility Revenue Bonds
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Airport Bonds May Face Head Wind on UAL Ruling
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US Congress Republicans Reach Deal On Pension Bill
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Air Canada, Toronto Airport Authority In 2nd Gate Battle
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Air freight firm Orange Cargo goes bankrupt
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IATA says international air travel has returned to pre-9/11 levels
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US Airways Future in Question Again
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Airline agrees to loan changes
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Telecoms:

Slim keeps buying Global Crossing
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Sprint affiliate iPCS files reorg plan
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Corporate Reform:

Rigas son unaware of false stock statements
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Analyst Thought Adelphia Got Cash Or Equivalent
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Lawmakers query SEC boss about hires, budget
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Martha Stewart Seeks New Trial
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Judge Again Denies Mistrial Motion in Tyco Case
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Why Alan Greenspan's Fed lets banks off easy on corporate fraud
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Tyco Jurors Dizzy from Deliberations
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Energy:

PG&E urges court deny move against bankruptcy plan
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Appeal May Slow Pacific Gas & Electric Ch. 11 Emergence
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NorthWestern equity holders seek committee
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Kmart:

Kmart Extends Critical Vendor Settlement Deadline
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Kmart stock up 73 percent in 1st quarter
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Kmart sues cities for unfair tax bills
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Accounting:

AaiPharma Shares Fall Amid Fears of Possible Restatement
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Fleming Cos Won't Hire Auditor For Financials
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FASB moves on options
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Frivolous Appeals Penalties on the Rise
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The FASB proposal for expensing stock options could sharply alter views of firms' financial performance and produce sweeping changes to options plans
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Shell Estimate Ignored Warnings
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The Cost of Expensing Stock Options
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New Bankruptcy Opinions
(5 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Strapped RCN gave execs big bonuses
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GE Energy Completes Acquisition of AstroPower
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PIMCO to use more credit derivatives in investment
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Pittsburgh: Dissolving city an option, board members say
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US Treasury official-GSE shutdown powers a must
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Senate Panel Wades Through Over 30 Amendments To GSE Bill
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S&P cuts FiberMark ratings 'D'
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Court Approves Daisytek Ch 11 Liquidation Plan
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Court Confirms Oakwood Homes Ch 11 Exit Plan
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Bondholders assert HealthSouth could pay them, avoid bankruptcy
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Situation Desperate at J.B. Oxford
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Letter from Delaware

UK:

New body to protect rights of creditors
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Mayflower calls in the administrators
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Mayflower Appoints Deloitte Touche as Administrators
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Mayflower bows to the inevitable
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New bankruptcy laws set to ease business fears
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'Fairer' bankruptcy law introduced
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New laws introduced as Scots bankruptcy levels hit record high
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Italy:

N.Y. Sen. Warns of Parmalat Sale
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Get Milked?
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Parmalat's Bondi strikes out at Bank of America
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Parmalat Resumes Day-To-Day Control of Brazil Unit
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New Brazilian Parmalat board to determine whether assets should be sold
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Canada:

Personal, business bankruptcies up in February from January
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Amended Plan of Compromise or Arrangement Negotiated And Agreed With Trustee of The Canadian Imperial Creditor's Trust
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France:

Rhodia Bonds Rise With News Of Debt Refinancing
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Korea:

Abuse of Holding Companies Warned
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South Africa:

Liquidators' body urged to quit laager
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Thailand:

Thai TPI Debt Plan Will Reduce Debt To $1.8B, Cut Capital
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Argentina:

Argentina Claims ARS50 Million Against Correo Argentino
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