February 13, 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
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Enron:

Task force preparing indictment for Skilling
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Airlines:

United ordered to pay $36.5 mil. in 2002 settlement
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Getting starTED
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Group vies for Hawaiian Air
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Airline may lose 3 planes to debt
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Air Canada puts pensions on the line
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Trouble in Low-Fare Land
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Compromise in Senate clears way for pension bill
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Air Zim Charts Plan to Clear IATA Debt
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Low-cost airline Flying Finn files bankruptcy plea
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Law:

Cadwalader Names Three Bankruptcy Attorneys Special Counsel
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Finley departure from restructuring group deals further blow to Clifford Chance US
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Loeb & Loeb Sued by Movie Producer
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Please don't file electronically begs court
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South Carolina lawfirm opens D.C. office
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Orrick pounces for former Winston & Strawn chief
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Accounting:

Offshore scam used IRS shelter 'under our noses'
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SEC Officially Investigating Goodyear
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Steel:

Update On Stelco Restructuring
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Union to challenge granting of Stelco's bankruptcy protection order
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Union says Slater Steel refusing to slow Hamilton plant's winding down
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Slater's high bidder would employ 70
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Weirton Steel heads to court on vacation-pay plan
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Trump seeks debt relief in $400M. deal
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RCN Announces Appointment Of Senior Officer To Guide Co Through Fincl Restructuring
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Gadzooks Deals With Falling Sales
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Conseco executive departs suddenly
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Tulsa, Okla.-Based Food Distributor Hale-Halsell to File for Bankruptcy
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Footstar Facing Bankruptcy
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FCC Approves Cingular Wireless $1.4B NextWave License Buy
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Revlon unveils debt swap
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Perelman Agrees to Cut Revlon's Debt With Stock Swap
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Two years into bankruptcy filing, Kaiser faces opportunities, painful cuts
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12 myths about bankruptcy
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Deutsche Bank rescues Exide
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  Brooklyn Yeshiva Accused in Allou filing
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NES Rentals Emerges From Bankruptcy
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Corporate Reform:

Federal judge rejects SEC suit against Kmart execs
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Fraud Alleged at Connecticut Hedge Fund
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Putnam overhauls bonuses to pay more money, sooner
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Worker is first to blow the whistle under new law, but case is a world away from WorldCom, Enron
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Michael Jackson:

Eminem may buy Neverland
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Jacko 'could Be Broke'
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Jackson in crisis over $70m bank loan
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Jacko bust in four days
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Big spending Jacko going broke
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Jackson's manager denies singer's bankruptcy
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Asbestos:

Opinion Denying Insurance Company Standing in Halliburton Bankruptcy
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Insurers lose Halliburton battle
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New risk scenarios pose challenge for companies
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Navigators to take a 4th-qtr charge for asbestos
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Energy:

Billings, Mont., May Join 5 Cities in Bid to Buy NorthWestern Energy's System
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PGE Doesn't Expect To Have Final Decision By CPUC In 4Q Results
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Nevada Utilities Claim E-Mail Reveals Enron Sought to End Power Contracts
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Hockey:

NHL: Teams Lost Nearly $273M Last Season
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NHL player salaries 'inconsistent' with sound business practice
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NHL on 'treadmill to obscurity'
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Bankruptcy lawyers fear the stalking-horse bidding system in Wilmington, Del., is on the ropes
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Federal Agency Will Pay Fleming Pensions
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Exide seeks $500M replacement DIP
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Hank Williams III delivers his own version of the family tradition
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Judge OKs conversion of Castaways bankruptcy to Chapter 7
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Judge confirms yachtmaker's bankruptcy plan
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Palmer Johnson bankruptcy ends
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Mississippi Chemical plant sales approved
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Employees Dreams on Hold after Post Falls, Idaho, Health Firm's Bankruptcy
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Water-Control Equipment Maker Files for Bankruptcy Protection
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Trustee files abandonment notice on Eastern Pulp mills
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Catalog of Horrors - The independent examiner report has become a modern art form
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Tyson excesses a somber lesson
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Jackson Products Successfully Emerges From Its Reorganization
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Charity reforms sought after Hollywood fund-raiser's bankruptcy
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Creditors move on Erpenbeck
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Elite falls off catwalk
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Kmart laying off more of its store workers
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Bankruptcy Judge seals water park's financial data
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Private economists are projecting less job growth this year than the Bush administration is predicting
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UK:

Mixed response to Government pensions safety net plan
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Egg at risk from bankruptcy law changes
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Enterprise act will 'de-stigmatize' bankruptcy
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Leeds extends creditor deadline
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Employers hit out at new Pensions Bill
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Market eyes Leeds as fifth deadline looms
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BCCI employees flay UK bank but are pessimistic
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UEFA ready to ban financially troubled clubs from Europe
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UK credit card lenders too slow to change
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EU:

EU wants finance watchdog
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Italy:

Tanzi lawyer quits as Parmalat probe spreads
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Additional Parmalat Stories

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Canada:

Family drama underlies demise of B.C.'s famed Doman forest company
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Australia:

Elliott bankruptcy ruling next week
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Argentina:

IMF Is `Hopeful' of Approving Argentina Loan in March
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IMF says no Argentina loan unless nation pays up
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Germany:

Lloyd Werft capsizes
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Greece:

Royal Olympic Cruises Awaits Greek Court Decision
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Korea:

'Mr. Restructuring' may rescue S. Korea
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