April 15, 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:

Judicial Conference Group Backs Citing of Unpublished Opinions
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Electronic Data Discovery: Managing Data Mining
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Advice From the Top: Climbing The Ladder in U.S. Law Firms
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Corporate Associates Are In Demand Again
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Wachtell Makes Closing Arguments in Trade Center Trial
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Chicago Law Firm at Center of Flap over Tax Shelters, Client Confidentiality
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Law firm's position on privilege rankles clients
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Telecoms:

Slim again hikes Global stake
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Telmex will not raise bid for Embratel

Globalstar Completes Restructuring
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Bankruptcy Court Approves eLEC's Purchase of Telecarrier Services
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XO Communications Begins Operation of Allegiance Telecom Assets
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S&P assigns CCC rating to iPCS debt
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SEC nears settlement in Global Crossing case
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Enron:

Enron India row nearing end after GE, Bechtel buy
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Accounting:

U.S. seeks to shutter tax firm
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Accountants feel your pain - and then some
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Preventing Exit of At-Risk Clients
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LV firm accused of tax scam in Justice Department lawsuit
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Pressure on Big Four to halt Iraq plans
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Small Accountants Face Fallout on Tougher Rules
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Consumer loans fuel gain
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Code of conduct proposed for agencies that rate companies' credit
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One Price unsecureds want more
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Will Eckert Seamans Cherin & Mellot structure an arm's length transaction for virtually insolvent Pittsburgh without biting the hand that feeds it?
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Factory Card & Party Outlet Corp. Reports Fourth Quarter and Full Year Results
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Fair Grounds gets more time to mull buyout deal
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CRIIMI MAE's Servicing Subsidiary and Borrower Execute Documents Related to Shilo Inns
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Consumer prices rise, Fed may raise rates soon
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M-Wave, Inc. Addresses Its Auditor's Going Concern Qualification
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Farmland to sell grain elevators to Archer Daniels Midland
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DIP dimensions: Wickes Inc.
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PBGC Takes Over Pensions At Ameripol Synpol Corp.
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Opinions vary on Deaconess
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  Airlines:

U.S. airlines' hopes for rebound stall
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Ease ownership rules, union says
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Delta, pilots face showdown over salary cuts
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Delta CEO: Pilot Costs 'Major Boulder' For Lower Costs
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Delta CFO Michele Burns leaving to join Mirant
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US Airways Faces Key Labor Talks
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Continental, partner make offer for Avianca
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WestJet heads to court over Air Canada lawsuit
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Air Canada liquidation said to offer opportunities
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Italy Delays Decree Aimed To Save Alitalia
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Hawaiian Airlines, Boeing Extend Lease Talks To May 31
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Bank One sues Venture, affiliates
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Asbestos:

Asbestos bill deserves support in Congress
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Energy:

Court OKs Naming Turnaround Exec As Mirant Examiner
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Corporate Reform:

Ex-Adelphia worker tells of phony notice for debt movement
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Adelphia cut borrowing costs by moving debt to Rigases, witness testifies
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Quagmire in Qwest Trial?
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Judge says he likely will certify class-action suit against Kmart
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Client arrested in beating that killed bankruptcy lawyer
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Schenectady on the brink of bankruptcy
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American Greetings Announces Tender Offer and Consent Solicitation for 11.75 Percent Notes Due July 15, 2008
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Buy, sue, win -- R2 Investments is a creditor that goes by many names. All of them seem to eventually end up in court.
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Gaming Board hires Blagojevich's pick to review casino decision
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Solutia wins extension to file reorganization plan
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Footaction stores to keep name

Oglebay employees want to buy out fleet of bankrupted company
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Letter from Delaware -- NorthWestern shareholders make noise, hedge funds deep into DIPs, Penthouse International's pet project and more

HomeGold: Company vice president, wife of president, indicted
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Secureds key for Eastern Pulp bid
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FAO Creditors, Lender Seek Court Nod On $1M Settlement
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Torch Offshore Gets Going Concern Qualification
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Greenbriar Corporation Gets Going Concern Qualification
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Rush Financial Technologies Gets Going Concern Qualification
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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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Steel:

Slater unsecureds invoke novel theory
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ISG-Weirton deal passes antitrust review
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Weirton's fate delayed as ISG takes a step ahead
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Ivaco Inc.: Members on side with union view of restructuring, more meetings planned
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Weirton Workers' Status Remain in Limbo
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Retail real-estate sector hurt by bankruptcies/store closures in first quarter
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Banks Made A Bundle In Bankruptcy Fees
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Leaving Bankruptcy? Aliquippa Community Hospital behind on fiscal obligations
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HealthSouth Creditors Cleared To Seek Accelerated Payment
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HealthSouth Announces Further Development With Bondholders
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UK:

M&S disaster areas: food, clothes and home
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Eurotunnel boss seeks bail-out
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Soccer Club's Saviour Fights Bankruptcy Move
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DTI petitions to wind up debt restructuring companies
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Korea:

Korean, US Banks Bid for Asset Firms
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Banks Active in Helping Small Firms Overcome Deep Economic Slump
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Canada:

Banff TV Fest seeks bankruptcy protection
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Nauru:

Nauru close to bankruptcy
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Japan:

Tokyo General faked records over investment of 2.9 billion yen
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Eco-Tech Construction goes under
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New Zealand:

Insolvency bill designed to close gap with Australia
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Argentina:

Argentina meets wary bondholders eager for results
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Australia:

Being sued: world's best and world's worst investors
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Banks disagree, Epic to grub through another day
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Italy:

Bank of America has $120 mln Parmalat exposure
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