April 8, 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Asbestos:

US Sen Frist: Senate Set To Take Up Asbestos Bill
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Revised Asbestos Bill Introduced in U.S. Senate
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Bill offers asbestos backup plan
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Steel:

Drama over Weirton bidding war leaves many wondering
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Serious 'players' challenging ISG bid
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Creditors bidding on Weirton take go-it-alone path
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Showdown for WSX?
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Stelco provides update on restructuring
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Law:

S&C leads charge as New York elite dominate reviving US deal market
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Lessons From Losing
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Hogan head steps down in UK shake-up
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Ga. Lawyers Indicted on UPL Charges for Advising N.C. College
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Firm to outsource legal work to Africa
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Forced to Testify Against Client? Withdraw
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Jones Day to open in Moscow after landmark £11.3bn deal
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Hiring for the Future of Your Small Firm
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Linklaters at the crossroads
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Technology Awards: And the Winners Are...
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Law firms merge into Virginia's fifth-largest
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Dentons shocks market with mass Asia closure
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Global law firms' marketing strategies not always successful
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In-Housers Face Tough Odds, Few Options in Job Hunt
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Baltimore Firm Finds Innovative, Economical Way to Stay Downtown
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Akerman Senterfitt Signs Orlando Lease
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Corporate counsel are playing a bigger role in their companies’ strategies
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Clifford Chance sees new partner numbers slump
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Lawyers Bid Up Value Of Web-Search Ads
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Letter from Delaware -- Examiner's report on UAL, Safescript's insurance headache, Oregon Arena's unsecured creditors

Kaiser Aluminum Signs $215 Million Pact For Jamaica Operations Stake
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Lawsuits Claim Fort Lauderdale, Fla. Lending Company Took Homes by Fraud
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Testimony raises new issue in HomeGold bankruptcy case
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Bankruptcy: Mansour's woes touch many
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Penthouse strikes deal to ease reorganization
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Penthouse Reaches Definitive Agreement with Holders of a Majority of General Media Senior Secured Notes and Preferred Stock
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Coalition for Responsible Credit Practices Says Utah CCCS Credit Counseling Scandal Points to Need for National Reform
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Regal Cruises Forced into Chapter 7 Bankruptcy Proceedings
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U.S. high yield default rate falls-Fitch
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  Airlines:

Air Canada's Rovinescu Quits After Plan Falters
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Milton's right-hand man quits Air Canada
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Air Canada Pilots Comment on Departure of Calin Rovinescu
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Key Air Canada official resigns
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Air Canada Union Supports Expanded Role Of Monitor
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Phone call aroused Air Canada suspicions
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Timing of Air Canada lawsuit against WestJet 'suspect,' WestJet says
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Hunkin reassures Aerogold holders
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Billions at stake for card issuers tied to Aeroplan
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Air Canada employees get unexpected pep talk from CEO Robert Milton
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Was WestJet lured into the Air Canada honey pot?
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Senate Set to Pass Pension Relief Bill
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Rising Costs, Low-Fare Carriers Spell Doom for Big Airlines, Experts Say
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Virgin Express Warns Of Legal Action Over Subsidies
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SFO, United agree to extend leases / Airport renegotiates rent-payment plan
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Enron:

Lea Fastow headed for trial after all
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Judge nixes plea deal, orders trial
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Lea Fastow's collapsed plea deal doesn't help the Enron prosecutors or the defendant herself
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Telecoms:

Ex-Global employees sued -- Creditors want severance cash repaid
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Calais offers $360 mln guarantee for Embratel deal
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Incumbents make last-ditch offer for Embratel
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Bidding for Embratel intensifies

Telecom Firm Borrows from Directors to Avoid Bankruptcy
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TelCove Emerges from Chapter 11
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XO's buy of Allegiance assets approved by FCC
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FCC approves Nextel’s buy of WorldCom licenses
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Corporate Reform:

Ready but Waiting ... Ex-Tyco Lawyer Belnick's Trial Is Postponed
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Prosecutors urge judge to reject Martha Stewart's retrial bid
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Witness: Adelphia wired millions to Rigases
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Tyco juror 'very scared' after letter, court transcripts show
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Frank Quattrone's lawyers asked for an anonymous jury in the former star investment banker's retrial, citing the Tyco case
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The Tyco judge unsealed most of the trial transcript related to closed-door meetings with juror Ruth Jordan prior to the mistrial.
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Gaming Board chairman says Madigan's concerns will be answered in meeting
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DIP dimensions: International Wire Co.
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French Bank Fires New York Executive
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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It's hard to get tossed out of bankruptcy, but V-Net Beverage has made it look easy.
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Consolidated Freightways continues liquidation
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Accounting:

Suits challenge loophole that lets national corporations dodge state taxes
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Shell reassigned the top financial executive at its exploration-and-production business amid probes of its reserves accounting
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Audit Fees Don't Grow as Much as Forecast
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JB Oxford Provides Announcement Regarding Auditor's Going Concern Opinion
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US Agency Assumes Control Of Pensions At Top-Flite Golf
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Debt Management -- Out of Options
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Idaho Food Processor Files Chapter 11, but Will Keep Employees Working
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Spiegel to Sell Women's Apparel Unit
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Out of Cash? Gamble!
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Snyder’s set to emerge from bankruptcy
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Tamboril Cigar Company Institutes Involuntary Bankruptcy Proceeding Against Mega-C Power Corporation
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Officials of bankrupt hospital must list assets
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Software to ID Financially Hit Farmers
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UK:

Bankruptcies threaten housing boom
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Eurotunnel Plans Talks on $11.8 Billion Debt Revamp
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UK banks reduce debt exposure to Eurotunnel
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Eurotunnel rebels led by bankrupt would-be right-wing politician
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Fraudster who ousted Eurotunnel's board
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'Chunnel' board, officials ousted
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Rebels sack Eurotunnel board
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Black hole blues
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Long legacy of bankruptcy
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Korea:

Consumer Sentiment Worsens Again in February
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Australia:

Gympie Gold's assets up for sale
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Pan founder to face legal action
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Pan founder could lose $50m fortune
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Italy:

Parmalat Hungary: Spilt milk
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Bankruptcy Procedures In Italy Are Scrutinized
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US creditors seek Parmalat role
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Germany:

KirchMedia goes bust

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