August 12 , 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

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Airlines:

Machinists ask judge to name trustee for United
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Union calls for ouster at United
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McKenna, Brown on Air Canada's new board, sources say
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Air Cda CEO Says Restructuring Effort "Paying Off"
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Startup airline takes unusual route
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US Airways pilot talks still haven't yielded concessions
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US Airways as a discounter?
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Delta faces decision within next few months
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Airline pensions may be in peril
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Air Travelers Benefit From Brisk Competition
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Delta, Continental Make Different Bets On Oil Prices
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Machinists Object To UAL Exclusivity Extension
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Lufthansa narrows loss in second quarter, says situation remains difficult
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Feds to check union election outcome at American Airlines
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Ruling on Assets of Bankrupt Foreign Banks Causes Stir
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Trump:

Trump Bondholders Hold Out
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Trump Hotels Debt Plan Faces Resistance From Bondholder Group
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Trump insists he can pull off casino reorganization
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Restructuring news pummels Trump Hotels shares
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No Tears for Trump in Atlantic City's Casinos
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Steel:

Steelworkers protest outside courthouse
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Accounting:

E-Mail Doesn't Trigger SOL in Accounting Malpractice Suit
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Motorola's Taxing Dispute
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Big Four clash over consultancy
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Bank Removes Two Finance Execs Amid Accounting Probe
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US and Europe unite on standards convergence
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IRS says Motorola may owe an extra $500 million
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E&Y Equitable trial risks firm's collapse
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Bush Says National Sales Tax Worth Considering
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Report Finds No Actionable IRS Fair Debt Collection Practices Violations in 2003
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Corporate Reform:

SEC Five-Year Strategic Plan
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Credit Rating Regulation Is Coming, Ready or Not
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IRS Initiative Will Scrutinize Exempt Organizations Compensation Practices

Sarbox 404 Costs 63 Percent Higher than Expected
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Toys aren't them? Toys R Us may sell toy unit
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Economy:

Oil Near $45 as Iraq Rebellion Continues
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Oil prices boosted as Iraq threats offset Saudi pledge
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State Announces Settlement for Valley Pride Pack Workers
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Friendship Falters Along With Burger Franchise
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High Court Cram-Down Decision Will Have Big Impact
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Enron:

Lay, Skilling appear together as judge considers trial
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Judge Denies Lay's Request for Trial
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Judge won't decide Lay trial date until October
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Nevada utilities make move in Enron fight over contracts
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Law:

The Surging Evolution of E-Discovery
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"Get a life"
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Panel Cancels Fees Owed Top NY Firm
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NY Lawyer in Holocaust Cases Faces $3.2 Million Malpractice Judgment
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Foul-Mouthed Lawyer Suspended Indefinitely
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Reed Smith University Launches
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Out Of Pocket, Out Of Mind: Firms Seek New Tools to Track Costs
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Higher Settlements in Securities Litigation
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Judge Weighs Request for Service by E-Mail
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Energy:

Gopher State Ethanol seeks Chapter 11
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Montana regulators seek buyout-bid criteria for NorthWestern Energy
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Asbestos:

Icahn offers deal to keep T&N fund open
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Statement From Federal-Mogul Regarding Yesterday's New York Meeting
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Icahn says made "fair offer" to Federal-Mogul plan
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US dogfight scares T&N's pensioners
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Experts in Asbestos Cases May Overstate Findings
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Unions reject James Hardie offer
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Joint plea to seek Hardie compo
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James Hardie boss could face fraud charges
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Milestone Aus. asbestos payout ordered
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Telecoms:

Pacific Crossing deal nearly sunk
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Settlement Seen for WorldCom Shareholders
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Tenn. County to Quit Jailing Debtors
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Crescent Jewelers Files for Bankruptcy
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Miners Facing Loss of Benefits Seek Aid
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Coal miners may look to Congress for health benefits
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Bank's asset sale nets cash
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Dan River to Lay Off 375
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Deficits bankrupt kids' future
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TV executive must pay $6.4 million finfor trying to push company into bankruptcy
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Fond memories help value of corporate keepsakes
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Third major Wall Street firm downgrades San Diego's bonds
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Suitor of President Casino is known for shrewd deals
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"A seat at the table" -- Shareholders accuse Loral of defrauding them by undervaluing assets by as much as $878M
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Bear gorges on fermented fruit at bankrupt brewery
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U.S. Bankruptcy Trustee Announces Trial Date Set in California Bankruptcy Fraud Case Against iPayment
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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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Catholic Dioceses:

Parishes meet with lawyers Churches' ownership could be court issue
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Bishop: Parishes may need lawyers
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Executive says troubled harness track to declare bankruptcy
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Carolina Investors trustee hires public relations expert
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Kaiser Aluminum Mulls Options For QAL Sale, Got No Bids
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Planet Hollywood restaurant at issue as Aladdin takeover application is heard
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AstroPower to repay under 50%
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68 and Sleeping on Floor, Ex-Publisher Seeks Work
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Gunshot victim making a wish
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Sights set on gunmaker
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2 Ex-Bankers Plead Guilty to Stealing $12.2 Million
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Bankruptcy Declaration Bars Debtor From Taking S Corp Losses
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If you're deep in credit card debt and are considering turning to a credit counseling agency for help, be careful. They're not all the same, and some don't have your interests at heart
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What do you do when a senior parent faces a serious financial bind?
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UK:

Jarvis admits to bigger losses
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Dare you take the debt test?
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Don't Wait Ten Years to Collect Your Cash!
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Russia:

YUKOS bankruptcy not to affect oil exports
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Yukos receives loan default notice
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S&P keeps Yukos on Watch Neg following default notice
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New Lawsuit Against Yukos
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Energy Officials Request Break for Yukos
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Russian banks cope with new failure
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Kredittrust Declared Bankrupt
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Japan:

Daiei pushing own plan to avoid IRCJ bailout
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Italy:

Parmalat Hints At BoA Suit
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Bankrupt Napoli's future in doubt
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South Africa:

Whetstone directors face R500m lawsuit
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Judge tells Porritt to explain missing R160m
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China:

China's bankruptcy reform
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France:

Martine Sitron Files
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Why Disney's Mickey Mouse approach to Paris is no joke
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Israel:

IMI paying employee bonuses, not suppliers
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