December 17, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Airlines:

ATA sees Southwest as a savior
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ATA gives Southwest more of Midway
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Southwest underscores dominance with ATA deal
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Southwest reaches a $117M deal with ATA
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Independence Air fights to stay alive
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Airline union OKs pact
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US Airways gains ground in negotiations
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Varig Future in Doubt Amid Takeover Talks
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United Pilots Endorse Tentative Agreement
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Court approves US Airways short-term liquidity, debt agreements with GE
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Aircraft-Leasing Firms Get Nervous
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Pilots agree to United scrapping pension plan
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Law:

In Silicon Valley Deals, Partner Finds It's Who You Know
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Attorney Convicted of Using Credit Card Scam to Pay for Law School
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Symantec Deal Puts Fenwick in Catbird Seat
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Court Tosses Appeal After Finding Lawyers Filed 'Preposterous' Number of Issues
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PC Security 101 for Lawyers
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Bush promises stronger dollar, weaker lawyers
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Asbestos:

ABB Asks US Court To Reconsider Parts Of Asbestos Pact
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ABB Lawyer: US Crt Ruling On Rehearing Case In 30-35 Days
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Bankruptcy Court Approves Final Motions
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Accounting:

Regulators back rules on employee stock options
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Krispy Kreme's Accounting Saga Continues
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The Wheels of Justice Flatten Fannie Mae
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Deloitte attacked by internet antagonist
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Big Four Auditors Too Powerful, Says EU
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Auditors: The Leash Gets Shorter
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'Tax Buster' Internet Tax Scam Halted

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Steel:

Bankruptcy Court Enters Opinion on WCI Steel confirmation problems
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Tropical Sportswear files for bankruptcy
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Companies plan to start year by hiring more workers
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Bankruptcy Judge Denies Pepco's Motion for Mirant to Continue Out-of-Market Payments
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Excessive fees going to bankruptcy lawyers
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Yukos:

Judge Blocks Auction of Yukos' Subsidiary
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Court Seen Lifting YUKOS Block -- Lawyers
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TRO - TRO Opinion - Motion To Dismiss
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Russian Government Source: Gazprom Can't Ignore US Court Order
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Yukos CFO tells court of legal threats over US filing
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Yukos ruling prompts banks to freeze credits
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Yukos Case Shines Light on Russian Justice
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Ruling might foil auction of Yukos
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Kremlin Reasserts Hold on Russia's Oil and Gas
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Gasprom Can Afford To Buy Yugansk, Say Experts
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US court grants injunction to halt YUKOS auction
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The price of Yukos
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Yukos wins first round over auction
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Russia flouts US bar on Yukos auction
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Gazprom, Russia to Proceed in Auction of Yukos's Main Oil Unit
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Will Yugansk Auction Be Held?
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Ruling Poses Problems For Gazprom Banks - Yukos Spokesman
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Russian Law Urged in Yukos Case
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Yukos and the geopolitics of oil
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Yukos Asks Banks to Stay Out of Yugansk Sale After U.S. Ruling
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Yukos CFO: US Investors Lost $3.8B In Crackdown
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Russia May Retain Baker Botts In Yukos Texas Case
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YUKOS doesn't need new board
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Russian police stage new raid on Yukos
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Khodorkovsky Is Upset That Yukos Managers Filed Suit With American Court
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Corporate Reform:

No gold, just a crock
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Take-Two Gets Lift From SEC Agreement
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SEC chairman is effective -- he's made some enemies
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New Standard Requires Companies to Expense Stock Options
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Treasury Secretary Snow told The Wall Street Journal that Sarbanes-Oxley enforcement should be "balanced" so innocent mistakes aren't treated like fraud
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Marsh, Spitzer settlement not likely in 2004
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Knight Securities will pay $79 million to settle regulators' allegations
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OSC Panel Sets C$156.5 Million In Penalties In Market-Timing Probe
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PurchasePro stakeholders keep eyes on Time Warner settlement
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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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We are the deep-in-debt generation
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BofA suffering legal hangover: WorldCom, Parmalat actions arrive in court
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Million$ at stake in tug-of-war: Bankrupt thief-lawyer's victims duel firm
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Utah study to dissect bankruptcy epidemic
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Falcon Products misses payment on $100 million worth of bonds
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Average weekly earnings adjusted for inflation declined for the second month in a row
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U.S. Jobless Claims Drop Sharply
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Enron:

Banks see 2006 restart of former Enron India plant
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Bankruptcy ruling clears way for Hillside sale
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UK:

Retail sales for November show surprise turnaround
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Courtesy as Courts reopens for business
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Insolvency strikes Megabowl but jobs spared
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Korea:

MetLife to Take Over SK Life
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Singapore:

China Aviation Faces Singapore Investors
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China:

China cracks the whip on state firms
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South Africa:

Fewer go to the wall in 2004
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Court bumps off travel agency in fraud saga
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Argentina:

Argentina to Hire Bank of New York Again in Swap
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Italy:

Parmalat is suing 45 more banks
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Judge includes most of Parmalat's foreign creditor banks on court list
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Parmalat Creditor Banks To Join Restructuring
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Japan:

BOJ downgrades economic view, govt sees slowdown
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com