August 2 , 2004 

Daily Bankruptcy News

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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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Airlines:

Some frequent fliers fleeing US Airways
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Airline pension default could cost billions
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Airline pension crisis feared
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Bailout likely for airline pensions
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US Airways / Behind the Scenes: Pilots
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US Airways / Behind the Scenes: Machinists
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US Airways to cut hubs further
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Delta Asks Pilots for $1 Billion in Cuts
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Delta pilots want more giveback details
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Delta: Ch. 11 wouldn't be magic cure
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Italian parliament approves govt's loan for Alitalia
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ATA says flight attendants reject givebacks
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United cuts back on seats on transcontinental routes
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United Seems Boxed In as Trouble Percolates
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Once-bankrupt cargo carrier ready to soar again: Aviation firm acquires Central Florida Air Maintenance
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Azzurra Air officially declared bankrupt.
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Asbestos:

James Hardie lawyers deny concealing information
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Hardie's sins stripped bare
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Hardie: How not to do it
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The waiting begins
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40,000 'at risk' from asbestos
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Hardies' law firm says its hands are clean
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Despite the odium unleashed by the James Hardie inquiry, it could be hard for the Government to reject a state-run compensation scheme
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CSFB seeks to move Owens Corning case
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Court indicates intent to approve Oglebay Norton disclosure statement with certain modifications, sets 29 Sep 2004 date for confirmation hearing
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ABB sees '04 profit, no Supreme Court for asbestos
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La. Senators Push For Asbestos Reform (scroll down)
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Creditors seek to force E and E bankruptcy
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Catholic Dioceses:

Portland Archdiocese claims $10 million in assets
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The church and bankruptcy: an expert view -- A professor of canon law discusses a key legal issue of the situation
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Diocese bankruptcy judge known as even-handed arbitrator
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Energy:

PG&E executives should be ashamed
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Guam bankruptcy filings steady
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Lender F&M Bank sues distributing company Hale-Halsell's CEO for default
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Furniture retailer Breuners gets court approval to liquidate
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It's up to you to keep credit bureaus honest
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Pensions 'R' Us
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June Credit Card Losses Fall To Lowest Level Since Oct
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American Corporate Lending: Cheap Again
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Critics say credit card issuers reap huge profits on penalties
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Texas Lil' in battle to save her ranch
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Applied Extrusion to seek bankruptcy protection
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Enron:

Ex-head of Enron Broadband pleads guilty
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New Enron Plea Bolsters Ongoing U.S. Cases: Experts
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Enron pension decision expected
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Law:

Law Firm Marketing: Microsites Help Law Firms Concentrate Their Marketing
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Notes from the Technology Trenches: how a successful low-tech presentation can be accomplished using only posters -- Also addresses Lexis and Westlaw cost awareness among associates
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Laughing at Lawyers and the Law
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Bay Area law firms satisfy urge to merge with spate of deals
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Holland & Knight maintains ambitious growth plan: Despite recent shrinkage, small firm says it will have more than 150 attorneys by 2006
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Am Law 200: Playing Catch-Up -- Am Law 200 firms are starting to pump up their profits
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In Praise of Zeal
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Making the Brand
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Piper woos London law giant
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A longer road to the top: Associates face a tougher climb to the partnership level at their law firms
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Small firms explore their place in roiling landscape
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Legal world embracing electronic billing trend
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In the face of profit, partnerships just ain't what they used to be
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Women very much in minority among equity partners
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Caught between the paper and electronic Worlds, librarians try to speed service and corral costs
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Corporate Reform:

One sentence results in Black losing the Telegraph
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Truth pays in the end
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CEO will get salary, bonus in prison
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Unreasonable Compared to What?
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Happy birthday, Sarbanes-Oxley
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Schering-Plough to Pay $346M Settlement
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SEC takes on new role: policing beyond borders
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Halliburton Sues Retired Execs In Benefits Battle
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Tyson:

Williams wants Tyson rematch
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KO could be final blow to Tyson's comeback
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'Iron Mike' headed to scrap heap?
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Tyson will need surgery to repair damaged career
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Depressing final act in Tyson's wild career of hits and myths
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First-round injury wore down Tyson
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Tyson's creditors are the big losers
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Tyson occasionally allows softer side to show through
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Tyson comeback ends in a wheelchair
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Protecting outside directors from rising legal exposure
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Bankruptcy filing uncovers comic book company's financial woes
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Dan River gets extension
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U.S. Economy Slows Dramatically in Spring
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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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Telecoms:

BlackBerry's ripe moment could wither
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Accounting:

Did Krispy Kreme Fatten Bottom Line?
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'Off-Balance Sheet' Debts Cause Concern
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Audit Work Gives Big Four the Jitters
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The Enforcer
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New Reporting and Compliance Rules Challenge Systems At Most Large U.S. Companies
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Corporate Scandals Attract Students to Accounting

Report on UK auditors' liability
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Acclaim Faces Nasdaq Delisting
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Boomers may not get big bequests once anticipated
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Web sites can help lift burden of heavy debt
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About 100 workers at Vernon Downs receive layoff notices
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Big bet on Kmart pays off but future is uncertain
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UK:

Kevin Maxwell faces financial Waterloo as deadlines loom
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Boyd Napier in liquidation;Scottish limited liability law firm collapses nursing 'substantial' debt
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100 jobs lost as Scots legal firm goes bust
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A "better deal" for debtors and creditors
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Polygon calls in the lawyers to halt British Energy restructuring
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Equitable Life inquiry could hit Ernst & Young with huge fine
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Legal function cut by half; Eversheds brought in as external advisers to fill the gap
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Law firm reports soaring profits
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Record consumer debt requires new insolvency procedure, says PricewaterhouseCoopers
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Specialist's 10m fund for bail-outs
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Russia:

Yukos Given a Month to Pay
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Will Yukos tax bill be a burden for us all?
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Yukos's home town prepares to dance on it's grave
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Looking beyond Yukos
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American tries to bolster Yukos
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Yukos Woes Damage Hopes for Russian Capitalism
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Argentina:

Bono and Marquez defend Argentina's debt
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Parmalat Argentina Sale Deadline Extended To Aug
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China:

Standard Chartered, Other Zhu Kuan Lenders Fail in Court Bid
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Standard Chartered, ABN Amro Thwarted in $1 Billion China Bankruptcy
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France:

Euro Disney stock slumps on profit warning, debt deal delay
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