February 17, 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:

Skilling charges may baffle jury
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Case against Skilling could be confusing for jury
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Is Skilling's Time Just About Up?
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Sentencing delayed again for Kopper
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Harrods sues publisher over Enron comparison
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Enron settlement to cut Royal profit
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Royal Bank Settles With Rabobank; Profit Will Be Cut
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Accounting:

Former Qwest officials stand trial Tuesday
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Tax Me If You Can: PBS Special, Feb. 19, Investigates Tax Shelter Abuse
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Small Business Survival Committee Criticizes FASB
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Telecoms:

Supra agrees to pay a rival $18M
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SAVVIS Closes on Funding and Commences Management of Cable & Wireless America Assets
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Law:

Steel Hector indignant as judge condemns $92m client payout
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Sidley considers hedging to protect partner compensation
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O’Melveny growth pips LA rivals
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Disney calls in Wachtell for takeover battle
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Class-Action Suit Reform Near
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Dade diagnosed its ills, then cured them quickly with what may be history's shortest Chapter 11 bankruptcy
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Forget the Cash, and I'll Take Your China Instead - Ways Small Businesses Can Deal With Debtors
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Clothing retailer One Price lays off 200 workers
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One Price Clothing Stores Announces Layoffs and Plans Designed to Maximize Estate Following Bankruptcy Filing
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Price of expansion stings funeral firms
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Cutbacks could play large role in Kasier's rise from bankruptcy
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RCN to file for bankruptcy
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Elite:

Barrage of lawsuits drives top model agency Elite to brink of bankruptcy
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Death of the supermodels
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Crazy on Credit
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  Airlines:

At 2 Airlines, Management and Unions Focus on Cuts
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From curb to cabin, travel gets less civil - "We're going bankrupt. That's your problem."
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Promotional effort may outlast bankrupt airline
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Lawmakers object to United plan for health cuts
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Death rattle for France's Air Littoral
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IW Industries Files Chapter 11
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In a difficult economy, thousands are losing their homes
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Corporate Reform:

The 7 deadly chief executive sins
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Martha Stewart, Kmart Partner, Profited From Wal-Mart's Success
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Will she or won't she? Stewart's testimony up in air
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Did Stewart's Penchant for Perfection Rub Off on Staff?
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Bank of America named in hedge-fund suit
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Acts Seek Protection from Dubious Sponsors
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At Tyco trial, avalanche of evidence tests jury
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Firms Pay Wrongdoers' Legal Fees
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Living Large in the Corner Office
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Steel:

Steely resolve
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Ivaco's court protection extended
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4-month strike turns into crisis for many California grocery workers
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31,000 Companies to Cut Pension Cost in Law Change
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Sale of CART still waiting on ink to dry
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Ante for SunCruz upped to $36.1M
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Great American liquidating Gadzooks stores
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Insolvency as a tax tonic
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A civil rights feel-good story suddenly goes bad
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2 restaurant chains close in NE Ohio
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Kaiser Aluminum axes benefits
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City leaders OK hiring attorney to deal with Infinia bankruptcy
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Bankruptcies cause Ampco to revise results
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Hepatitis claims may go to mediator
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Debt disasters of the rich and famous
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Ruling May Expand Consumer's Credit Protection
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Garden Ridge plans more store closings
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Hunt begins for millions of missing jobs as US recovers
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KB Toys may sell internet operations
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Fewer fallen angels expected this year
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UK:

New consortium prepare Leeds bid
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'Insult to Arabs' by Bank official in BCCI case
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Students are swelling the soaring list of bankrupts
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Eurotunnel seen swapping debt for equity
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Eurotunnel Has Reached The End of the Road
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Current Distressed Companies Update
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Italy:

7 Arrested in Parmalat Fraud Scandal
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Additional Parmalat Stories

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Japan:

Number of failed companies falls for 13th month
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Japan's Top Banks Must Gauge Loans Better
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Argentina:

Argentina's leaders get a dose of economic reality
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Poverty of nations
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U.S. judge freezes assets of Correo Argentino
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Malaysia:

Loan shark threat to kids - threatening to kidnap children of debtors and keep them until all debts are settled
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Korea:

Cherrybro seeks to reschedule debt
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Creditors Name Restructuring Expert As New LG Card CEO
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Australia:

Lawyer bankruptcy was undetectable
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Kaye loses bid to curtail creditors
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