February 19, 2004 

Daily Bankruptcy News

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

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Enron:

Enron's Skilling indicted; surrender to FBI expected today
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Enron's Former Chief Executive Skilling Surrenders to FBI, to Face Charges
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Ex-Enron Chief Surrenders To Authorities in Houston
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Ex-Enron Exec To Be Arrested /Sources: Skilling to face charges in collapse
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Enron boss 'to hand himself in'
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Jeff Skilling's own words
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What others have said
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His congressional testimony
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Timeline of his career
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Update on the Enron cast
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Ex-Enron CEO Expected to Surrender to FBI
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Connecticut's Rowland Subpoenaed for Expense Records
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Batson alters stance over plea for immunity
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Law:

GE pioneers online law firm reverse auction
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White & Case profits break $1m barrier
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Brobeck Severance Suit Clears Hurdle
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One in three partners shop their clients
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Firm bids to cap liability of directors
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Rainmakers' style not appropriate for running today's practice groups
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Turnover growth fails to lift Hale and Dorr partner profits
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Coudert partner promotions benefit China and New York offices
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Chadbourne trio in strategic shake-up
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Foley seeks new suitors after merger bid collapses
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Willkie Farr unveils 10% growth in partner profits
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King & Spalding expands DC arm
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Proskauer hires trio to seal Boston launch
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Class Action Prince Was Really a Frog
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Battle of the bulge
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Tougher clients mean tougher times
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Duane Morris Satellite Loses Five Partners
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Asbestos:

ABB says hopes for asbestos settlement in H1
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ABB stays in the red
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Accounting:

Accountants Urged to Play More Active Role
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Tax Cheats Beware: IRS Vows Crackdown

Partnership Ranks Reduced by 30 at BDO Seidman, LLP

'Gang of four' to pursue claim
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The IASB will require companies using international accounting standards to start treating stock options as an expense next year
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Investors unmoved by liability plea
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NHL teams asked to back bank loans
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Vanity, excess and bad business sense - how the mighty fall
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Mayor: personal bankruptcy not a factor in governing
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AstroTurf Maker Files For Bankruptcy; Projects In Limbo
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  Debtor's Counsel Disqualified for Predisposition
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Airlines:

New United efforts target business fliers
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Northwest seeks labor cuts
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Kazakh ministry will not obstruct bankruptcy of national airline
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Italy's Gandalf Airlines Files For Bankruptcy
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Italy's Gandalf To File Bankruptcy
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Judge makes Great Plains return jets
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Atlas Air/Exec: Erickson Helped TWA Emerge From Chap 11
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Bankruptcy is hurdle for senior center
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Steel:

ISG in place to be biggest in steel
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Town's Future Uncertain After Weirton Sale
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Finding middle ground vital for Stelco
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Weirton Steel accepts buyout
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Keystone workers reject second concession offer
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Steelworkers ax deal - Union's rejection pushes Bartonville steel company one step closer to bankruptcy
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Stelco to close CHT Steel Co. subsidiary
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Steelworkers meet with Ontario Premier to develop steel strategy
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Stelco provides update on restructuring
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Corporate Reform:

Trial turns to Stewart's empire
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Investigator Casts Doubt on Stewart Pact
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Judge: Faneuil's Friends Can Testify
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Prosecution Hasn't Shaken Tyco's Ex-CFO
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Ex-Lawyer Testifies in Stewart Trial
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Panel Rejects Barring Media From Stewart Trial Voir Dire
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CEO: Black took unauthorized payments
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Lord Black defends Hollinger sale
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Hollinger International at Trial Alleges Deception by Black
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Former Tyco executive concedes no record of bonus approval
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Energy:

NWC's high legal fees prompt questions
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El Paso stock tumbles after revision
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Aquila indicated possible bankruptcy
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PG&E board votes to end anti-takeover measure
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Adelphia Must Put Up $12.8m
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DIP dimensions: Avado Brands Inc.
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Sheriff's sale is a sad chapter in an all-too-common story
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Charity settles in PipeVine fiasco
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Temporary restraining order issued against $99 bankruptcy firm
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Judge delays decision on bankrupt mills until Monday
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Maine Paper Mills' Abandonment Put on Hold; Chemicals Abatement at Issue
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Bill Erpenbeck now faces 180 years
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Pittsburgh: Newspaper attorney criticizes sealing of Seven Fields case
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Recent shareholder suits may be opening cracks in the protection afforded by the business-judgment rule
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RCN banks on Ch. 11 deal
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Carolina Investors tax notices go out
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Denver: 2 deals to help bankrupt Pinnacle Club
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Both sides now -- Once a Delaware visiting judge, Ronald Barliant is back in private practice having known what life's like on the bench
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Letter from Delaware
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Prepaid Services Firm Owes IRS Back Employee Taxes
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UK:

Student bankruptcy loophole
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Law Soc pressed for 20m to plug pensions blackhole
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Culture of late payment in the UK shows no signs of abating
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Italy:

Ex-Parmalat Boss Tanzi Hospitalized
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Dutch shell companies draw scrutiny
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Parmalat's Bondi: Bank Responsible For Damage To Brazil Co
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Brazil's Congress moves to widen Parmalat probe
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Australia:

Elliott loses bankruptcy appeal
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Taxman, sister sink Kaye empire
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Bankruptcy closer as Elliott deadline passes
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Canada:

Meeting of Creditors of Cable Satisfaction International Inc. to Vote on the Plan of Arrangement
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New Skeena saga continues
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Singapore:

APP hopeful of debt solution
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Tonga:

No joke: jester's missing $33m
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Argentina:

Germany's Eichel Criticizes Argentina Over Debt Stand
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Israel:

Domino's Pizza rejects top bidder for troubled restaurants
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Japan:

IRCJ may spend up to 490 billion yen reviving Kanebo
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Housing corporations on brink of insolvency
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Japanese Bank Resurrected From Bankruptcy
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Hong Kong:

Credit card charge-off rate lowest in two years
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Debt threats force more to hide
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Korea:

Corporate Bankruptcies Post 20-Month Low
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