April 14, 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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Steel:

Weirton Steel board weighing two offers
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Auction For Weirton Steel Ended Tuesday
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Weirton Steel Fate Still Uncertain
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Weirton aims to buy time on bids
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Weirton says bankruptcy hearing reset to April 20
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Stelco to begin contract talks
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Slater Steel Creditors Get OK To Probe Banks
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Energy:

PG&E powering ahead 
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California Pushes Expanded Refund Authority For FERC
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Judge gives NorthWestern new bankruptcy extension
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Corporate Reform:

Bank of America shareholders pay price of probe settlement
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Adelphia got paid by moving debt: Witness
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Jurors Seek Transcripts in Qwest Executives' Fraud Trial in Denver
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CEOs flying high in corporate jets put their stocks in a tailspin
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Defense Tries To Show Rigases Repaid Adelphia
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SEC Exempts Non-US Banks From Insider Loan Ban
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New York State Fund Joins Californians in Citigroup Dissent
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Groups Seek Credit-Raters Conduct Code
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Bankruptcy attorney fatally beaten
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Slew of Store Closings Hurt Retail Real-Estate Sector
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Trump in on ground floor of towering project
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American Plumbing & Mechanical, Inc. Announces Court Approval of Disclosure Statement
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Judge asks for more records in HomeGold case
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Kansas Burger King franchisee files bankruptcy
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On Second Thought: Modifying Retiree Health Plans - No Good Deed Goes Unpunished
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Convicted cattle broker asks bankruptcy court to treat creditors equally
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Universal Access Announces Fourth Quarter and Full-Year 2003 Results -- Going Concern Doubt
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Viventia Biotech reports results -- going concern doubt without additional cash
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U.S. Energy Corp. and Crested Corp. Report Going Concern Qualified Opinion on Their Financial Statements
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NY Bankruptcy Boutique Finds New Digs
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Illinois Gaming Board Delays Hiring Governor-Appointed Prober
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Amerco to get $6.5 mln from IRS
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Foot Locker To Buy 350 Stores From Footstar For $160M
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Give retirees more financial security
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Investment-firm investigation
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  Airlines:

Top airlines expected to lose $1B in 1Q
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Air Canada traffic up fourth straight month
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Work harder to restructure, transport minister tells unions, Air Canada
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US Airways pilot split worsens
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Delta's Grinstein `Struggling' to Cut Costs, Losses
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Asbestos:

ABB's Asbestos Hearing To Be Held June 3
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Asbestos bill will fail, says author Hatch
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Austria's RHI settles legal dispute with Halliburton
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Asbestos legislation important to vets
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Federal-Mogul creditors want probe
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Law:

Adoption Of 'Noisy Withdrawal' Rule Seen As On Hold
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Lawyers' fees eat up much of settlement over toxic chemicals
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Law firms give thousands for Democratic presidential bid
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Bingham rues loss of 11-lawyer real estate team
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IRS Action Against Firms May Put Privilege to the Test
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Fulbright & Jaworski Names Stephen C. Dillard as New Leader of the Firm's 424-Attorney Litigation Department
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When Your Best Friend Is Made Partner
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UK: The steady erosion of professional privilege will have significant implications for lawyers and their clients
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More Law Firms Face Suits Over Tax Shelters
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New lawyer survey indicates improved hiring outlook
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Judge's Method of Recruiting Pro Bono Help Draws Scrutiny
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Judge Asked to Bar Expert Testimony Against Former Partner
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Ranking Lone Star Law Schools
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For the class of 2004, economic uncertainty has meant a much tougher path to a first job
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Accounting:

Shell's former exploration chief said he acted as early as 2001 to bring reserves problems to the attention of top management
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California Franchise Tax Board Subpoenas Insurance Cos. In Tax Shelter Probe
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Venture blames self over audit
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IRS, States Going After Tax Shelter Client Lists
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Dazzled by data, economists see blue skies ahead
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Merrill Lynch profit balloons
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Grads see brighter job prospects
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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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Telecoms:

Telmex confident of Embratel buy despite challenge
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Agway Enters Into $40 Mln DIP Credit Agreement
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Churchill Downs bids $45M for La. track
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Churchill moves toward a buy
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UK:

Why HRA does not apply to bankrupts' personal pension seizures
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Eurotunnel scare as shares in 10pc drop
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Merricks dissolves after strategy breakdown
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Japan:

Japan's March Company Bankruptcies Fall 15 Percent
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Japanese 30-Year Bonds Tumble, Driving Yields to Two-Year High
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Canada:

Skeena gets two more months to find money to restart
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InterBox gets court extension to sell
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Saskatchewan Wheat Pool's hog operations file for court protection
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Court of Appeal Empowers Trade Unions on Receiverships and Bankruptcies
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Australia:

Personal bankruptcies on the rise
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More Australians go out backwards
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Kaye flies out
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Korea:

LG Card Employees Become Heavy Debtors
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Competition for S Korean financial assets heating up
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Italy:

Parmalat Sells Dairy Unit in Thailand
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Brazil:

Brazil Senate Panel Vote On Bankruptcy Bill Seen Delayed
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Brazil's Tebet: Outlook for Proposed Bankruptcy Law
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New Zealand:

Insolvency Law Reform Bill released
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Argentina:

Argentine Bondholders Counting on Better Debt Offer
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