August 19 , 2004 

Accounting:

Parmalat Sues Former Auditors for More Than $10 Billion
(DBN Subscription Required)

Parmalat sues Grant Thornton, Deloitte over audits, seeks $10 bil.
(DBN Subscription Required)

Auditing the auditors: Report cards coming
(DBN Subscription Required)

Parmalat's new management sues audit firms for overlooking fraud
(DBN Subscription Required)

Parmalat sues auditors for $10bn
(DBN Subscription Required)

Administrator issues $10bn writ over Parmalat audits
(DBN Subscription Required)

Final desperate attempts by UK accounting profession to persuade the government of the need for a liability cap
(DBN Subscription Required)

Deloitte Probe On Nortel Financials Seen
(DBN Subscription Required)

Auditor Turnover: SEC Seeks 'The Rest of the Story'
(DBN Subscription Required)

Equity Wins Out Over Liability in FASB Debate Over Options

________________

Economy:

Crude Rockets to All-Time High of $47.50
(DBN Subscription Required)

_______________

Corporate Reform:

Freddie Mac Says SEC May Seek Injunction After Restatement
(DBN Subscription Required)

Citigroup faces probe over bonds
(DBN Subscription Required)

White-Collar Wizard
(DBN Subscription Required)

Lawsuits challenge unequal fund fees
(DBN Subscription Required)

SEC Seen Banning Two-Decade Old Mutual Fund Practice
(DBN Subscription Required)

_____________

Energy:

California sues Mirant, alleges energy scheme
(DBN Subscription Required)

All Star Gas Corporation Emerges From Chapter 11 Protection
(DBN Subscription Required)

_______________

Wild Oats Struggles in Natural Foods Market
(DBN Subscription Required)

Gap's Turnaround Loses Momentum as Quarterly Sales Growth Slows
(DBN Subscription Required)

Ed Lampert and the Allure of Kmart's Capital
(DBN Subscription Required)

How to label Kmart is not a simple task for wary investors
(DBN Subscription Required)

Former U.S. Banker to Become Pakistan Prime Minister
(DBN Subscription Required)

Goodyear Announces Closing of $680 Million Credit Facility
(DBN Subscription Required)

Scammers aim at people needing credit
(DBN Subscription Required)

Aladdin deal clears FTC review
(DBN Subscription Required)

Don't Let Credit Card Debt Ruin Retirement
(DBN Subscription Required)

Penthouse Files Suit Vs NAFT Ventures, Alleges Fraud
(DBN Subscription Required)

Penthouse Responds to Bell Group Misleading Press Release
(DBN Subscription Required)

Telecoms:

Parts firm turns screws on Nortel
(DBN Subscription Required)

S&P cuts Leucadia debt ratings to junk
(DBN Subscription Required)

Leucadia prepares for MCI bid
(DBN Subscription Required)

Does Leucadia-MCI make sense?
(DBN Subscription Required)

_______________

Ill winds have shifted more of the insurance burden to policyholders
(DBN Subscription Required)

Massey Energy Buys Some Horizon Natural Res Assets
(DBN Subscription Required)

Miners' union unhappy with Massey purchase of mines
(DBN Subscription Required)

Trustee Can't Use IRS Rights to Reach Debtor's Home
(DBN Subscription Required)

Airlines:

Delta plans more job cuts, CEO eyes restructure
(DBN Subscription Required)

Delta Takes Steps To Avoid Chap. 11
(DBN Subscription Required)

Delta looks to restructure debt as secrecy surrounds key meetings
(DBN Subscription Required)

Delta seeks permission to buy back certain bonds
(DBN Subscription Required)

Will Delta survive in SLC?
(DBN Subscription Required)

Delta CEO presents long-awaited plan to board
(DBN Subscription Required)

Delta presents plan to avoid bankruptcy
(DBN Subscription Required)

ATA Holdings could be headed for bankruptcy-analyst
(DBN Subscription Required)

US Airways Chairman: Liquidation Possible
(DBN Subscription Required)

US Airways turns to Capitol Hill
(DBN Subscription Required)

US Airways boosts pressure on pilot pay, fly time
(DBN Subscription Required)

The global airline industry is struggling to cope with the surge in oil prices, even with the use of fuel surcharges and hedging
(WSJ: separate paid subscription required)

United, unions set for showdown
(DBN Subscription Required)

United Airlines faces strike at Heathrow
(DBN Subscription Required)

Airline boosts pressure on pay
(DBN Subscription Required)

Talks to avoid BA strike resume
(DBN Subscription Required)

Air Canada caterers walk out in Vancouver
(DBN Subscription Required)

Air Canada Stock Plummets on Review
(DBN Subscription Required)

_________________

Intelsat widens further on S&P news
(DBN Subscription Required)

Hess Collection sues former executive - Winery alleges fraudulent transactions
(DBN Subscription Required)

Law:

Fewer Trials, More Tribulations
(DBN Subscription Required)

Bush names Jones Day partner as FTC head
(The Lawyer: separate free registration required)

Freshfields forecasts turnover and profit growth
(DBN Subscription Required)

Young Associates Find It Harder to Get Time in Court
(DBN Subscription Required)

Classes Start Monday at Jerry Falwell's New Law School
(DBN Subscription Required)

Tapes Show NY Judge Taking Cash, Saying "I Don't Give a S___" About His Job
(DBN Subscription Required)

Four Insurers Ordered to Honor Broad Discovery Requests
(DBN Subscription Required)

Four Senior Litigators Join Pillsbury Winthrop's Los Angeles Office
(DBN Subscription Required)

Cost Recovery Systems: Out of Pocket, Out of Mind
(DBN Subscription Required)

________________

Trump:

Trump Is Chairman Of The 'board'
(DBN Subscription Required)

Donald Trump's newest business venture is a board game
(DBN Subscription Required)

Trump Goes Yahtzee!
(DBN Subscription Required)

______________

Eddie Bauer said to be delaying sale
(DBN Subscription Required)

Fund pessimism grows
(DBN Subscription Required)

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
(DBN Subscription Required)

Weird News
(DBN Subscription Required)

Asbestos:

Bush 'Reckless' on Post-9/11 Health Risks
(DBN Subscription Required)

Notification of Voting Rights, Deadlines and Hearing to Confirm Plan of Reorganization in Chapter 11 Reorganization of Federal-Mogul Corporation, T&N Limited, and Affiliated Companies
(DBN Subscription Required)

Oglebay Norton Suitors Say May Increase $451M Bid
(WSJ: separate paid subscription required)

_______________

Keith Walsh Named First Public Interest Fellow in Consumer Bankruptcy Law and Financial Literacy
(DBN Subscription Required)

How Cheney Left With $35M Before Halliburton Probe
(DBN Subscription Required)

NACM Discussion and Position Briefing on Federal Legislative Issues 2004
(DBN Subscription Required)

Scuffle over Impath interest rates
(The Deal: separate paid registration required)

Candidate's bankruptcy causes tumult
(DBN Subscription Required)

Scovill medical benefits at issue -- Pensions are safe despite successor's bankruptcy move
(DBN Subscription Required)

Mooney Aerospace faces bumpy flight -- Being two days late may have cost the bankrupt group the support of its unsecured creditors
(The Deal: separate paid registration required)

Successor to former industrial giant seeks bankruptcy protection in New York
(DBN Subscription Required)

Garden Ridge gets OK on amended DIP
(The Deal: separate paid registration required)

UK:

Ban for director of failed company
(DBN Subscription Required)

_____________

Korea:

Banks Urged to Play Active Role in Reviving Economy
(DBN Subscription Required)

_______________

Russia:

YUKOS Trials Grind On, Unlikely to Bring Respite
(DBN Subscription Required)

China to pay Yukos rail fees to ensure oil shipments
(DBN Subscription Required)

Yukos sells stake in Rospan
(DBN Subscription Required)

_______________

Japan:

Wal-Mart to enter bid to rescue Japanese retailer Daiei
(DBN Subscription Required)

Wal-Mart 'targets Japan retailer'
(DBN Subscription Required)

UFJ racing to write off bad loans before merger
(DBN Subscription Required)

Court declares foundation bankrupt
(DBN Subscription Required)

___________________

Poland:

Court debt threat forces Elektrim to sell telecoms sectors
(DBN Subscription Required)

_______________

Hong Kong:

Plastic debt write-offs fall
(DBN Subscription Required)

______________

Singapore:

Builder staves off wind-up with repayment plan
(DBN Subscription Required)

______________

Israel:

Judge: Loan shark debtors may not declare bankruptcy
(DBN Subscription Required)

Right-wing Israeli Politician Flees To U.S. To Escape Creditors
(DBN Subscription Required)

______________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm. 

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com