August 4 , 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

         

Airlines:

Airlines Report Relatively Poor Second-Quarter Earnings
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United asks judge to put pension suits on hold
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Pension system must be flexible to survive
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United's pension costs eased before it stopped payments
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Message of unity sounded at United
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United sticks with its pension plan
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Don Carty will join the board of directors of Hawaiian
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Cororate Reform:

Wachovia Says SEC May Recommend Enforcement Action Over Stock Purchases
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One option for Martha Stewart Living: going private
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Nonprofit hospitals and health care organizations in 17 states are facing class action lawsuits filed by law firms representing uninsured patients who claim they have been bullied into paying more for medical services than insured patients would pay
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Lawsuits unwarranted, says hospital industry
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SEC to investigate bank stock trades
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Tenet Loss Widens, Gets New Subpoena
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Court Says SEC Erred In Sanctioning Brokerage Executive
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Eliot Spitzer plans to sue pharmacy-benefit manager Express Scripts, alleging breach of contract and civil-law violations
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Icon of S&L extravagance, CenTrust Bank founder revels in freedom
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"Outrageous"
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Schlotzsky's:

'Dying' Schlotzsky's files for bankruptcy
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Schlotzsky's Files Chapter 11
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Schlotzsky's Seeks Chapter 11 Protection to Assist in Reorganization
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Schlotzsky's files for Chapter 11
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Sandwich chain Schlotzsky's files for Chapter 11
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Energy:

NorthWestern to modify controversial bonus plan
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NorthWestern plan challenged
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PG&E posts huge profit - Formerly bankrupt utility thrives with new rate structure
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Adelphia:

A new sense of urgency at Adelphia as it seeks new image
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Cox Bid Sheds Little Light on Adelphia
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Adelphia to Settle Claims by Firms
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Judge approves Microsoft deal for Eddie Bauer site
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Consumer spending takes biggest drop since 9/11
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US crude prices reach record high of $44.24
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Judge's ruling raises ire of banking regulators
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Motorists face paying dearly for gas forever
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Creditors want New World debt recast
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Enron:

British court favors J.P. Morgan
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Shareholder lawsuits still headed for court
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WestLB Is Liable for Enron Loan Guarantee, Court Says
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PUD tries to avoid $122 million payment
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Attorney General's Office set to aid PUD in Enron battle
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Enron's bankruptcy judge orders $85 million set aside
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JP Morgan Chase
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Law:

A Rise Fueled by Risk and Rewards
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San Francisco Lawyer Accuses Baker & McKenzie of Stealing Client
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$8M no "common" theft -- lawyer pleaded no contest yesterday to stealing nearly $8 million
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National Class Certified in Suit Over Employee Bonuses
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Ventas sues major law firm, claims bad advice cost millions
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Part-time option opens up for judges
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Rare crackdown on lawyer-trustees -- Judge yanks trustees over fees, spending
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Firm Finds "PR" Stands for "Profit"
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More Solos Making Do Without an Office
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Accounting:

Halliburton settles accounting charge
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75 percent of all finance executives looking for new jobs are seeking new sectors
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Lernout & Hauspie creditors file $340M suit against KPMG
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Accounting Issues Drive Securities Suits
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AnnTaylor to move HQ to tower built for Andersen
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CFA Test Takers Show Highest Failure Rate In 40 Years
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U.K. Resists Request to Cap Liability, a Blow to the Big Four Firms

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Telecoms:

Baby Bells draw competitors' ire
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PG&E Corp. sees 64 percent increase in second-quarter earnings
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Cautious consumers cut spending in June
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DVD-Copying Software Company Folds
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Creditors voting on PurchasePro reorganization plan
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Pension trustees warn Monsour
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AlixPartners' Koch helped Champion
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Sheriff's auction of house a bit unusual
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More complaints filed by NADN estate
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Seitel Announces Expiration of Stockholder Warrants
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Garden Ridge seeks to expand DIP
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The need for asset protection plans for professionals
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Debt help can harm credit -- "We will look at it the same as we would a bankruptcy reorganization"
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Jillian's plan approved
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Bill collectors hound top condo converter
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Asbestos:

Senate Leader Raises Doubts on Asbestos Plan
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Panel casts doubt on doctors in asbestos cases
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Ignore Hardie's 'cries of innocence', inquiry told
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Victims attend asbestos inquiry
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Joint ruling plan on James Hardie
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Steel:

Rosy Stelco quarter doesn't ease woes, CEO insists
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Kansas: New deal struck for Eldridge Hotel
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Your Credit Rating Is Likely Flawed
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All Kitchen Etc. Store Locations to be Sold
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UK:

Matching investors with businesses in distress
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Maxwell's son going bust again. But he is still living the high life
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British Energy says committed to restructuring deal
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Cheer for the capital as fewer companies go bust
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FSA rejects pension compensation call
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PwC in plea for bankruptcy alternative
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Korea:

New Financial Regulator Seen to Target Chaebol
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Hynix Creditors to Grant China Plant Project
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Canada:

Major banks ordered to defend how they charge credit card interest in court
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Italy:

Parmalat's Chinese plants stop production
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Japan:

Daiei Lenders May Seek Govt Bailout for Retailer
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Losses balloon at scandal-hit Japanese automaker Mitsubishi Motors
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Russia:

Russia's Yukos Faces Additional Tax Audits
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Putin's Coming Of Age
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Global Insolvency & Restructuring Yearbook
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Thailand:

Thai Fin Min OKs TPI Debt Plan For Court Consideration
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