April 19, 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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Asbestos:

AFL-CIO Urges Lawmakers To Vote Against Asbestos Bill
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Dubious Asbestos Claims Cheat Real Victims
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Judge Bars Asbestos Defense Law Firm from St. Louis-Area Courtroom
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Energy:

Mirant Ruling Tangles Some Bankruptcy Issues
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Law:

Wilmer Cutler, Hale and Dorr Said to Be in Merger Talks
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51 Weil, Gotshal & Manges Attorney Rankings Included in 2004 Chambers USA: America's Leading Lawyers for Business
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Associate Gets Jail Time for Thefts From Firm, Colleagues
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Lifetime Achievement Awards
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Law Practice May Not Make Perfect Career
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Bradley Arant Rose & White Ranked As Alabama's Leading Law Firm
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In due time: Law firms start moving from billable hour to alternative methods
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Use of in-house counsel picks up steam in VC industry
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More law firms organizing along client, industry lines
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Carlton Fields poised to be leader with 'Wi-Fi' system
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Mainland China is beckoning West Coast firms
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Hiring rebounds at D-FW law firms: Associate, intern numbers rising; Big D one of nation's top two legal-hiring environments
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Legal skills, nerve are key to high dollar awards
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Florida House legislators vote for strict measures on attorney advertising
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Especially for Small Firms, Investing in Writing Skills Pays Off
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For Ballard Spahr, ballpark is a grand slam
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SEC rule raises concerns over client confidentiality
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Balancing family and law practice tough, but fulfilling
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Preparing for the market: Where will this year's law school graduates go?
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Extreme Niche Marketing
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Telecoms:

WorldCom's black cloud about to lift
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The rise and fall of WorldCom
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SBC dispute results in bankruptcy filing
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Mississippi says WorldCom owes $1B in taxes
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WorldCom Fades Into History
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Embratel Gets New Calais Offer
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MCI Rescinds Deal With Investors After Criticism
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NStor Tech Gets Going Concern Warning
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DVI Inc Fires CFO Garfinkel For Cause
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NY's modeling industry is rocked by lawsuit
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Packer says USDA stance could mean bankruptcy
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Economists' missed trends may indicate sea change
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  Airlines:

Delta's Hot Seat
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UAL Gets Bankruptcy Exclusivity Extension To June 30
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American Air Ordered To Pay Over $23M To Pilots' Union
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American Has Come Long Way, CEO Says
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Continental Airlines Posts $124 Million Quarterly Net Loss
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Financiers Fail to Block Analysis of Bargaining over United Airlines Fleet
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Machinists union lashes out at group trying to form new Air Canada union
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Lack of Hedges Hurt Airlines' Bottom Line
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Continental sees growth in Avianca bid
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Copa is offering US$60mil for Avianca
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Alitalia's crisis worsens as key banker quits board
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Pilots' unions at Air Canada mull merger
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Air Canada union warns against breakaway attempt
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Happy to be finally free of Trump reality
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Accounting:

Ernst Young is banned from accepting new clients
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Judith Boynton, Royal Dutch/Shell's chief financial officer, resigns
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Audit costs on the rise: Public companies scrutinize books in wake of corporate scandals
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Adecco Announces Further Delay to Financial Reporting Timetable
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Corporate tax becomes social tool
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AaiPharma did not reveal inquiry to investors
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Corporate Reform:

Round 1 of Qwest trial was no KO
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Ex-Brokerage Firm Head Sentenced in Case
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Spear & Jackson CEO Is Barred From Firm Amid Stock Probe
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Appliance Parts Firm Files for Bankruptcy
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Consumers Warned to Check Backgrounds of Credit Counseling Bureaus
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Software company gains from default on big loan
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Wedgewood converts to Chapter 7; outlook bleak for creditors
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OnNet forecloses on Internet Broadcast
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Mississippi Chemical Corporation Files Plan of Reorganization with U.S. Bankruptcy Court
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Bankruptcy of Stadium Playing Surface Installer Is No Problem in Pueblo, Colo.
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Pathway Strategic Partners Named Reorganization Consultant on Waterman Industries Chapter 11 Case
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GenTek - EPA Settlement Agreement
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Sonny, Can You Spare a Dime?
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Exide Gets Bankruptcy-Court Clearance
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Critics say Foot Action deal stinks
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Compromise In Bankruptcy Case Sets Stage for Westerly, R.I., Coffee-Shop Price Fight
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More Northern Texans File for Bankruptcy Despite Improved Economy
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Enron:

Enron Equity In DPC Would Give Leverage To GE And Bechtel
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Enron In Talks To Replace Financing Agreement
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GE, Bechtel Offer To Restart DPC
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Enron Units To Reduce Stake In Argentina's TGS
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Controversial, colorful Israel family moves to more open spaces
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UK:

Eurotunnel 'for Sale'
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Alert over bogus banks
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D-day for the final losers
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Good signals at Invensys
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Give me some credit
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'I have to shift student debts. Should I go for bankruptcy?'
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Italy:

Parmalat made a profit only once after listing
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Report says Tanzi stole millions at Parmalat
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Nauru:

Nation teeters on edge of bankruptcy
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Clouds over paradise as island of Nauru sinks into bankruptcy
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Republic of Nauru is broke
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Nauru faces bankruptcy as financiers swoop on Australian assets
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Russia:

Court Freezes All Yukos Property
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Argentina:

Main Argentina Creditor Group Satisfied but Wary
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Argentina Central Bank Further Eases Currency Controls
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Argentine Officials Meet with Creditors
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Argentina Banco Galicia Extends Debt Offer For 3rd Time
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Japan:

Big retailer in Japan gets bailout to revamp
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Australia:

Goldman Sachs in HIH debt spotlight
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South faces financial ruin
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New Zealand:

Belly-up firms' reprieve
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Belarus:

Belarus government passes bankruptcy prevention programme
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