August 3 , 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 function repaired: Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         

Top NY Firm Piles Up the Bankruptcy Billables
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Asbestos:

James Hardie lawyers concerned about misleading court
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Hardie dumped shares because it could, inquiry hears
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Diseases caused by asbestos spreading
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Asbestos inquiry looks at lawyers' discussion
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St. Paul Travelers to Cut 3,000 Jobs
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Energy:

Bankrupt firm's leaders shouldn't expect bonuses
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NWE bonuses still await court
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Corporate Reform:

SEC Moves to Shut Down Hedge Fund
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Franklin Advisers to Pay $50M Settlement
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Unfair Opinions? -- NASD has been ''looking at a number of possible approaches to dealing with conflicts of interest in fairness opinions.''
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Ex - Qwest Executive Told to Appear in Court
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Court Sides With SEC in Keeping Ex-Chairman's Records Private

SEC: 1,300 ''Whistles'' Blown Each Day
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More Scrutiny of the Tax-exempt
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Telecoms:

Bells Mount Two-Way Assault On Local Market
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Touch America creditors try to obtain execs' pay
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Chief of Newark, N.J.-Based Phone Firm NorVergence No Stranger to Bankruptcy
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DirecTV to buy Pegasus Satellite for $875 million
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NRTC Sees Benefit to Rural America in DTV/PGTV Announcement
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DirecTV Snaps Up Pegasus Assets
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Saddle for Pegasus
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WestPoint Stevens gets another extension to file reorganization plan
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Protecting Licensed Intellectual Property in Bankruptcy
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Choice One, lenders reach deal
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Choice One goes private Plans to file bankruptcy; no layoffs
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Church bankruptcy filing withholds many properties
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Bankruptcy seen as dioceses' shelter
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Credit companies resist little-known anti-identity theft freeze
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Foreclosure trap widening in Hawaii
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Anger after US electronics firm is resurrected
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Outback wins Chi-Chi's auction
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Chi-Chi's sues suppliers in hepatitis A outbreak
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Money sought from dot-com rubble
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Tyson:

Tyson undergoes surgery to repair cartilage
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Tyson, fans need to face reality
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Iron Mike tough as nails for staying in fight
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Tyson's downfall serves as caution for NFL's Williams
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Troubled Tyson the master of excuses
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Critics see Kmart shares heading for discount bin
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Creditors Seek to Force Bankruptcy at Lawrence, Kan., Retail-Display Maker
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HomeGold settlement to be advertised
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Students are still hooked on plastic
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Does a State Court Judge Signing Your Judgment Violate the Automatic Stay?
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Barneys on the block
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Airlines:

Airlines rescind fare increases
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UAL renegotiations may cause plane repossession
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Union Files Second Suit Against UAL Officers
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United Airlines parent's pension costs fall 46 pct
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UAL Reexamines Pacts With Lenders on Financing
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United leasing revamp `likely'
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Delta asks pilots for bigger cuts -- Airline also proposes changes to pilots' pension plan, hoping to avoid bankruptcy like rival United
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US Airways flight attendants balk at airline's cost cutting proposal -- Union: Few if any givebacks would fly
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Southwest to cut back on Dallas, Austin hops
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UAL Corp. chief Tilton takes 16% cut in salary
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United seems boxed in as troubles mount
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Airline stocks fall
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Analysts questioning air fare war
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NWA hopes cuts help it soar
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Enron:

Update on the Partial Settlement of Tittle Litigation
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Many to blame for Enron
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Law:

Dechert: $50 fines for late billings
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Wachtell Repeats As #1 Law Firm in New Vault Guide; Cravath No. 2, Sullivan & Cromwell Third; New 'Partner Rankings
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Attorney scolded for phony Net posting
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Legal fees in Utah: Bargain, not cheap
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Weil, Gotshal & Manges Advises The DIRECTV Group in Agreement to Acquire Assets of Pegasus Satellite Television
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U.S. Supreme Court Agrees to Weigh Federal Sentencing Guidelines
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Lawyers 'improv' their skills
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Professional Service Marketing Then and Now
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Survey of Corporate Counsel Litigation Trends Finds U.S. Cases Growing Sharply for Large Companies, Despite Drop Overall
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White & Case partners in insolvency client poaching battle forced to fund their own appeal
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Outsourcing Legal Services To India
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Fraud Claims Against Jones Day Revived
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How much does being on law review affect starting salary?
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Firms Looking to Hire Jet Set Lawyers
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Lawyers fear personnel lawsuits more than any
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Clifford Chance New York wins back M&A partner from Orrick
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Attorney by day, country star by night
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EY Italian overhaul forces mass exodus and closures
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Allen & Overy outstrips rivals on project finance
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Latham appoints new head for Silicon Valley
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Accounting:

E&Y must answer Equitable audit failure claims
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Companies, Auditors Parting More Often

The Percentage of Accounting-Related Cases Remains High, the Dollar Amount of Settlements and the Potency of Securities Litigation Continue to Increase, According to PricewaterhouseCoopers Study
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Manufacturing Index Rises
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US construction in June falls unexpectedly
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Bush Insists Economy is on Rising Path
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White House Sees $445 Billion Budget Deficit This Year, the Highest Ever
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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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Despite its name, pension agency is no guarantee
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Ritter Ranch up for sale -- Bids set to start at $10 million in court
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Company garnishees state legislator's wages
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Supreme Court Clarifies Law Governing Working-Owner Participation in Employee Benefits Plans
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Florida bankruptcy has repercussions at KC area firm
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Man and bankruptcy attorney face indictment
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Capri can apply for Emerald casino license
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New Law Means Speedy Clearing of Checks
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Lessons For Healthy Companies From The Turnaround Trenches
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Bad business choices led to Tri Valley Growers' end
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Idaho Bankruptcies Drop for First Time Since 2000
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UK:

Clapton Helps Save Store From Closing
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Former Equitable directors face misconduct tribunal
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Thousands in pension limbo after bankruptcy
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Fewer firms go bust in London
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Battle for British Energy hots up
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The pensions black hole: If you sign a contract with a firm that has an underfunded final salary pension scheme, it could drag you into the mire too
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Steen departs Dallas McMillan amid restructuring at law firm
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Legal privilege protected in landmark decision
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Motorcycle firm goes bust after pounds 1. 5m grant
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A hard lesson for Jarvis in transferring risk
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Creditors hand Jarvis a lifeline
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BDO Stoy Hayward Business Restructuring and Recovery expands
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Serial Bankrupt Jailed
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Russia:

Yukos Stories

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Italy:

Napoli on the brink
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Napoli bankrupt
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Parmalat mum over alleged action against additional banks, Deutsche Bank, UBS, and Bank of America
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Switzerland:

Major fraud trial opens in Switzerland
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Financier jailed for fleecing Geneva bank
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Australia:

Territory enacts company tax crackdown
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KPMG restructuring breakaway takes clients along
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France:

Euro Disney In Peril As Lender Balks
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Euro Disney gets new deadline as losses increase
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Argentina:

Gorbachev and Bono back Argentina"s debt offer
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Argentina and the fund
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Telecom Argentina reaches debt swap acceptance goal
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