April 27, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Law:

Wilmer Cutler and Hale and Dorr fight it out for control of European operation
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Spying By Opposing Counsel Alleged in Ugly Dispute
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Client conflicts forces Weil Gotshal to drop NYC gun case
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Parties dispute whether they had attorney-client or business relationship
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Lawyer shows time wounds all heels
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SEC Case Shines Light on Professionals' Liability
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Large N.J. Firms Getting Bigger, Faster
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Alstom general counsel quits after disclosure row with CEO
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Are Profits-per-Partner Overrated?
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Chadbourne & Parke Elects Management Team
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Ahold reveals 170m legal bill in year-end results
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NY Judge Says Law Firm Tried to "Hold Up" Holocaust Fund
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Boot camp for ex-White & Case fraudster
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Firm Raids Rival, Sees Sunny Days Ahead
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Leaked Jones Day Memo Triggers Suit Against Newspaper
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If This Is a Recovery, Why Am I Unemployed?
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The long retreat from Asia
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Anna Kournikova Sues Her Mom and Dad
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Client Says Firm Botched Patent, Sues
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Law School Turf War Ignites
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Latham makes further raid on Skadden
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Companies Lawyering Up for a Good, Old-Fashioned Hostile Takeover
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Title recital
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Rules of Engagement: The Zen of Partner Contact
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Corporate Reform:

Annuities likely to be caught up in scandal
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Boeing faces an expanding federal criminal probe
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Quattrone Set to Testify in His Retrial
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Veteran male execs are top fraud suspects
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Quattrone Defense Calls Character Witnesses
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Jury Selection Begins in Trial of Former NY Partner
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Ex-CSFB Staffer Tells Of Quattrone File-Cleaning Advice
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Who's in Charge of Sarbox Compliance?
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Lawyers Agree to Talks in Qwest Case
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States hope tax scofflaws will pay to avoid being outed on Web
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Don Johnson Is Broke
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Johnson's Company Files for Bankruptcy
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Kmart withdraws lawsuit against Stewart company
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Kmart And Martha Make Nice, Ink New Sales Deal
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Martha Stewart prosecutors argue against new trial: $14,000 handbag at issue
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RusAl Says It Paid $306.2 Mln For Kaiser's Alpart Stake
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Council of bankrupt city terminates attorney's contract
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  Airlines:

Germans come to rescue of Air Canada
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German bank deal rescues Air Canada from brink
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Li family tends to take hard line to get its way
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Deutsche Bank to Help Air Canada Raise C$850 Mln
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Air Canada headed out of bankruptcy
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Air Canada plan is all about being connected
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Air Canada restructures its restructuring plan: $250M equity sponsor sought
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No Wonga, So Air Tonga Is No Longa
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Faltering U.S. airline recovery still unsteady
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Pilot Union Pres Doesn't See Northwest Deal By Labor Day
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Airline Firms Flying at Different Altitudes on Profit/Loss Path
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Airline Execs Predict Restructurings
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Airlines Are Hiring -- It's Good News, Bad News for Pilots
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Pension Funding Shortfall Of $20 Billion Could Tip Carriers Into Bankruptcy
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Labor Picture Brightens at Northwest Airlines
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Steel:

Creditors Seek Emergency Stay Of Weirton Steel Sale To ISG
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Judge Denies Delay of Weirton Steel Sale
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Energy:

Energy Cos. Reach $280M Deal With Calif.
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City joins Montana Public Power Authority in its efforts to buy NorthWestern Energy Corp's energy transmission system
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All Star Gas Takes Another Step Toward Emerging From Chapter 11
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Telecoms:

AT&T must face group lawsuit over sales taxes
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Brazil's Embratel says telecoms forming cartel
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Judge forbids break-up fee from MCI in Telmex deal
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As MCI chirps about the future, questions persist: How much was the fraud?
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NY court set to decide on sale of Embratel
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Economy:

He'll Take Your Job and Ship It
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Outsourcing to India to Increase 50% Next Year

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Accounting:

Allied Capital Under Scrutiny Over $9 Million Transaction
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Tax avoidance clampdown goes global
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Computer Associates Restates $2.2 Billion
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Tropical's Finances Still Run In Red
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CNE Group, Inc. Receives Going-Concern Qualification
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Bankrupt Portland, Ore., Lumber Company Crown Pacific Considers Selling
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Jackson goods seized to pay off debt
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CropTech assets to go on public auction block
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Sudden hotel closing rattles guests
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Pittsburgh: End may be near for H. Samson
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Tim Hortons wins Bess Eaton auction
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Moody's revises Regal Cinemas outlook to negative
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Intrepid U.S.A., Inc. Retains Crossroads, LLC to Lead Reorganization Efforts and CapitalSource to Provide DIP Financing
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Tower Records' parent plans debt sale
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Star Diamond Group Not in Bankruptcy
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New Coastal Trips for New Skunk Train
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WestPoint Stevens gets reorganization extension
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SimRidge Technologies' assets placed on auction block
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North American Tungsten Corporation Ltd. Settlement Agreement with Two Secured Creditors
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Developers of Monroe, Ohio-Area Project File for Chapter 11 Protection
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Anixter International Inc. Proposes to Acquire Assets and Operations of Bankrupt Distribution Dynamics, Inc.
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UK:

Amicus Call for Change in the Law on Pensions Following Meeting with Mayflower Trustees
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Current Distressed Companies Update
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Call to cap auditors' liability
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Geoffrey Richmond declared bankrupt 3.3m debts of ex-Leeds consultant
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Italy:

Bank of America in challenge to Bondi
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Bank of America Worker Helped Misstate Parmalat Loans
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Japan:

Tesco aims to acquire Tokyo retailer after bailout
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Mitsubishi Motors chief gives up wheel
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Indonesia:

Pru Bankruptcy Ruling Will Harm Indonesia - Minister
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Indon court ruling hurts Jakarta's int'l image
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Pru fights Jakarta verdict
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Russia:

Tax bill may force Yukos to default
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Yukos Told by Banks It Faces $1 Bln Loan Default
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Bahrain:

Credit databank to reduce loan risks
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France:

Alstom wins breathing space from creditor banks
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Canada:

Doman Industries Reaches Agreement With Noteholders
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Thailand:

Thailand Cement Maker TPI Polene Seeks Debt, Interest Write-Off
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Korea:

Card delinquency falls first time in 9 months
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