April 16, 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:

WCI Steel, workers agree on contract
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Weirton Steel Corporation Approves International Steel Group's Bid
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"Our pensions are untouchable," say Steelworkers at Ivaco Inc.
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Energy:

CornerStone Propane Continues to Pursue Restructuring
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Enron:

Grand jurors start third year of work
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Dealers oppose Enron's hedging lawsuits
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Telecoms:

Globalstar: New lease on skies
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USA Broadband Assets Purchased At Foreclosure Sale
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As MCI Tries for a Second Act, 'Vultures' Add to the Drama
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Law:

Top Firms Close to Merger Pact
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Lawyers Ranked in Online Chambers USA Guide
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Ballard Spahr Survives Motion to Disqualify in ISP Suit
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Ruling Throwing Out Award in Law Firm Breakup Left Standing
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How Law Firms Are Warming Up to the Internet
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Daycare at the Law Firm
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Ostrager, Boies Take Center Stage in WTC Trial
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Court Approves Restrictions on Retired Partners' Practice
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Managing Data in Response to Regulatory Investigations
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Law School Rankings Are Annual Love/Hate Affair
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Older New Lawyers Bring Other Talents to the Table
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Firms Cash In on Surge in Corporate Work
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Mid-Sized Firm Shakes Things Up, Plans for Growth
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Buchalter, Nemer, Fields & Younger Elects Bankruptcy Shareholder
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RCN Holding Company Continues Financial Restructuring Negotiations
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Fuel-Cell Manufacturer Bids for Idled Farmland Plant
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FindEx Releases 2003 Results, Going Concern Doubt
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LMI Aerospace Gets Going Concern Qualification
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Atlas Minerals Gets Going Concern Warning
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Storage Computer Gets Going Concern Warning
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CCCS is operating, may be in violation
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Divorce was apparently in the air on fateful day bankruptcy attorney slain
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Conseco gets federal OK to offer new shares for sale
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Digital Lightwave Can't Pay Its Rent
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GAO chief sounds alarm bells on debt
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Smaller companies get lean and mean
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Bruno Magli knocked off feet
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Knowlton Specialty Paper of Watertown, N.Y., Averts Chapter 7 Liquidation
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Rate Tightening: When, Not If
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  Airlines:

WestJet told to preserve documents pertaining to alleged corporate espionage
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Ingram: Set Air Canada free
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United Airlines sees higher fuel costs in 2004
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Alitalia Board Member Quits as Government Delays Aid
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Delta May Soon Be Running On Empty
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Brain Drain Hobbling Delta Air
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Delta Highlights Executive Retention Quandary
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Air Canada aircraft maintenance workers seek to break from Machinists union
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With Bid, Continental Looks to Expand in South America
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Corporate Reform:

Ex-Employee Says Adelphia Inflated Data
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CalPERS to withhold votes from Apple, Lockheed directors
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Jury Chosen for Quattrone Retrial
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N.Y. May Sue Over Ex-NYSE Chief's Pay
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Investors Firm on Buffett Coke Audit Vote
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Media Face Backlash Over Tyco Mistrial
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Qwest Reaches Impasse with SEC over Accounting Probe Fines
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US CEOs Petition For Direct Access To Shareholders
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Big Labor Goes to Bat in Boardrooms
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Accounting:

Shell Officer Said to Have Ordered Report Destroyed
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Tax Refunds aren't as Hefty as Expected
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Tax Cuts Scheduled to Fade Beginning in 2005
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PCAOB Names Advisory Group

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Asbestos:

Asbestos victims' families oppose trust-fund compensation
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Lawyers spar over asbestos filings
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Asbestos Lawsuit Goes to Trial
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Judge ruled HomeGold documents intentionally destroyed
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HealthSouth Loses Bid on Bond Repayments
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Scrushy Ordered To Pay $25 Million To HealthSouth
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Judge Backs HealthSouth Hldrs On Faster Payment
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Defunct BuildNet faces lawsuit
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HomeGold D&O Insurance Ruling
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HomeGold no-shows anger judge
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Tae Bo marketer punches to Ch. 11
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Execs In Survey Say They'd Dump Trump
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Fraud Investigation of Bankrupt CLS Financial Investment Firm Begins
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Marine fights to keep house
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Golf Club of N.E. members seek to avert losses
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Vanguarde Media sale delayed
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Mortgage Rates Creep Up
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Biogan International Files For Chapter 11 In Delaware
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What if You Can't Pay the IRS?
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New Bankruptcy Opinions
(6 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Adelphia Sweepstakes Heat Up
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Bonds: 1994 All Over Again?
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Preferential Transfers Not Always Legitimate
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'Daubert' and the Rise of the Valuation Expert
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Fair Grounds continues talks with Churchill
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Investors Take Control of Doughnut Chain In Bankruptcy Case
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California Group Accuses Hospital Chain of Aggressive Debt Collection
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EPIQ Systems, Inc. to Announce Results for First Quarter Ended March 31, 2004
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Hospital Bailout Accord Reached
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UK:

Powerful ally for the wind-up victims
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Credit card debt keeps growing as indicators point to rate rise
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Canada:

Bankruptcies on the rise in southern Alberta
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eStation Network Services, Inc. announces intent of secured creditor to foreclose and resignation of Board of Directors
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Italy:

Intesa says Parmalat cannot call back cash
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No need to cry over spilt Parmalat
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Parmalat Lawyer Gets House Arrest
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Parmalat Accumulated $2.1 Billion Loss Since 1990, Report Shows
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France:

French right demands end to universal 35-hour week
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Australia:

ACCC acts against debt relievers
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Australia considering options in Nauru financial crisis
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Singapore:

Bankruptcies seen easing with fewer writs flying
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Hong Kong:

Hong Kong March Personal Bankruptcies Rise To 1518 Vs 1470 In Feb
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South Africa:

Insolvency practitioners deny making constitutional challenge to state ruling
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Korea:

Manufacturing Bankruptcy Increases to 5-Month High
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S Korea March Corp Bankruptcies Falls To 391 Vs 401 Feb
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Japan:

Nomura seals $462 mln takeover of Japan retailer
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Argentina:

International investors head for showdown in Argentina
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