December 1, 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) http://bkinformation.com/News/DailyNews.htm
Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Airlines:

United unions fight for skipped pension payments
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UAL Plans To Cut $150M In Costs By Boosting Efficiency
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Bankrupt UAL Posts $114 Mln Net Loss
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Pension trustee seeks funds
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Pension adviser takes on United
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100 more Delta pilots expected to retire today
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)

Delta's plan for survival is in place
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Strike Looms Over Wage, Benefit Cuts At US Air
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US Air creditors back plan to dump labor contracts
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Chicago's Midway Airport Can Weather ATA Bankruptcy
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Union leaders authorize strike against US Airways
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Strike talk heats up as hearing on US Airways labor contracts approaches
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Garuda fears it may be headed for collapse
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Accounting:

Few Audit Committees Are Implementing Key Practices
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Audit reports full of gobbledegook
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Steel:

Stelco director resigns over potential conflict of interest with U.S. Steel bid
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Closing store has them at loss for words
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Amcast Industrial Files For Chapter 11 Bankruptcy
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Gift makers witness 'chilly Christmas'
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Holiday shopping fizzles
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Bankruptcy judge approves settlement in church sex abuse case
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Judge OKs diocese 'tier' condition, shields 3 victims from trial trauma
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Priest Abuse Victims Put on Hold During Bankruptcy
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Bankruptcy Bid Raised for Rights to Brobeck Litigation
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IWO Holdings Announces Bondholder Solicitation For Prepack
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State sues over closed mill severance pay
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Holley to Acquire Big Oaks Car Dealership In Bankruptcy Sale
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S. Ct. says consumers still restricted in suing deceitful lenders
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Supreme Court: Truth In Lending Damages Limited To $1,000
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Mill retirees to see loss of benefits
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Huffy Corporation Seeks Overbids for the Sale of Trade Names and Other Intangible Assets
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Fall guy in O.C. bankruptcy is now all instinct
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Acquisition by Danielson to Help Energy Company Out of Bankruptcy
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Bankruptcy takes shine off eBay's online jewelry store
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Payday Lenders Use Internet To Avoid State Laws
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Not All Post-Petition Extraordinary Transfers Are Prohibited
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Corporate Reform:

Domestic diva's reality show plans serve up feast of possibilities
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AIG To Pay $126M To Settle DOJ, SEC Fraud Charges
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NYC Lawyer Pleads Guilty In Frankel Insurance Scheme
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Diamonds are a Fed's Best Friend! Recovered Gems Go to Auction, Provide Restitution to Victims of $200M Frankel Fraud
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Twenty-Nine Investment Firms Fined $9.2M
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Calpers Trustee Takes Aim at Executives' Options
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BONY Seeks to Avert Indictment
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Law:

Still the Biggest, but Still Bailing
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Lawyer Count Drops in Some Top New York City Firms
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Just in Time for the Holidays: Big Raises
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Fulbright & Jaworski raids firm for UK litigation launch
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"Monster of a Lawyer"?
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Baker & McKenzie Named Best Vietnam Intellectual Property Practice
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At this firm, learning is fun-damental
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Firm More Than Doubles Office Space With Downtown Move
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Partner Leads Double Life as Country Singer
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Asbestos:

Judge approves Halliburton deal
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EnPro Industries and Insurers Resolve Asbestos Insurance Dispute
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Armstrong to cut 240 jobs, mainly in flooring
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Asbestos victims, JH unite over compo fund
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Laws to cut off Hardie's legal escape
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Former CEO joins Farmland Industries' claimant list
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Woman faces charge of bankruptcy fraud for faking court order
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Glenshaw Glass: Self-defeating fury
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Pittsburgh: City rescue in trouble
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Aguilera Fans Prepare For Long Wait
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Engine maker pursuing deal for Murray assets
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Briggs Stratton Sees $30M 2Q Charge On Murray Assets
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Washington State puts Cascade National under receivership
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KCI hotel requests bankruptcy protection
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Keybank files suit against Armbruster for repayment
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Hedge fund managers cheer Trump
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US judge OK's Verizon-NextWave airwave pact
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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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UK:

UK firms may be hit hard by EU pension law
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The insolvency gravy train knows no bounds
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EU Opens State Aid Probe Against UK Nuclear Authority
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Fat fees for some, lean pickings for most
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British Energy chiefs in line for 30m -- Fees for restructuring ailing nuclear giant hit 104m
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BE bosses in line for huge bonuses
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Livingston Future Is Bright After Debt Deal
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Canada:

Last-minute efforts to salvage New Skeena evaporate
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Skeena creditors back in court
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Singapore:

CAO's US$550m derivatives shocker
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China Aviation Seeks Court Protection After $550 Mln Oil Derivatives Loss
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Major corporate losses on derivatives
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China:

China to hasten revamp of state companies
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Taiwan:

S&P downgrades Taiwan's sovereign rating
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Italy:

Parmalat Says Operating Margins Improve After Cost Cuts
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Israel:

How not to lose your shirt when a supply company collapses
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France:

Eurotunnel Director Pierre Cardo Resigns After Criticizing Handling Of Debt Crisis
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Australia:

Reforms to Act provide better alternative to bankruptcy
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Russia:

Yukos chief sees little hope for oil giant
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Moscow Court Keeps Khodorkovsky In Jail Until Feb.14
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Korea:

Household debt weighs on Korea
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