February 4, 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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Gadzooks:

Gadzooks files for bankruptcy, to close 156 stores
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Gadzooks files for bankruptcy protection
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Gadzooks files for bankruptcy, shares fall
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Gadzooks Files Chapter 11
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Gadzooks struggles after conversion
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Fleming vendors to have special panel in bankruptcy case
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Bankruptcy Reform:

Bankruptcy bill does zero for us
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Bankruptcy reform: One more try
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Steel:

Unions to contest Stelco's protection
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Weirton Steelworkers To Vote On Vacation Pay Proposal
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Bankrupt Georgetown Steel Asks Court for Extension on Reorganization Plan
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Law:

Road to Partner Still Swift for Some
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Another Top Firm Goes LLP
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A dwarf???
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Heller's Grab
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Who Is Making Partner in DC?
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Geragos' Big Trials Make for Jilted Judge
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Another NY Firm Closes Its New Jersey Satellite
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Lawyers can't be sued for false advertising
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61 year old judge in weight lifting competition - she sets American records
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Bar Leader Defends Partners' Tax Breaks
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Judge Loses Bid to Dissolve His Former Law Firm
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Let It Rain
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Freshfields cuts back bonuses
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Hughes & Luce Firm Leader Defects
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Firm's Former Web Address Used to Hawk Paris Hilton Sex Tapes
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Accounting:

Cereal Giant May Be Charged
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EU demands more respect from US watchdog
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Co-founder of CART leaves series
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Solutia Finalizes Restructuring of Euro Notes
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R.G. Barry Corporation Provides Update on Credit Agreement Status
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Hamon Corporation Vindicated; Involuntary Bankruptcy Petition Dismissed
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Bankruptcy doesn't stop dairy's operation
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Dr. Andujar breaks down on the stand
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Outburst by Andujar’s wife prompts arrest threat at bankruptcy fraud trial
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U.S. law limits debt collectors’ phone tactics
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Premiums Soar for Directors
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Bargaining for Better D&O Coverage
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Why Today's Borrowers And Investors Are Leaning Toward Second Liens
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Ormet Bankruptcy Has Ripple Effect
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  Airlines:

A Suggested Route for US Airways
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Appeals court lifts ban on US Airways outsourcing
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Hard-Liners to Head New Leadership of US Airways' Pilot Union
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Hawaiian Airlines Trustee Tells Flight Attendants More Concessions Needed
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Hawaiian Airlines seeks $11M in givebacks
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Disputed pension bill faces final stretch / White House threatens to veto defined-benefit changes
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UAL attendants target Ted in insurance fight
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Colombia pilots defy odds by starting new airline
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Two Air Cargo Bankruptcies in Miami Aren't Sign of Future Trend, Analysts Say
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Delta pilots union braces for worst, "start thinking about a possible pilots job action or a bankruptcy filing"
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Great Plains Airlines owes MidAmerica nearly $1 million
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Asbestos:

Recusal Refusal
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Chubb Earnings Up; Asbestos Charge Taken
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Couple wins $6 million from Minnesota company in asbestos case
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Energy:

Calif. Assembly panel clears PG&E bond bill
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Suit claims energy manipulation continues
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All Star Gas Corporation Files Plan of Reorganization; Filing Plan is Next Step toward Enabling Company to Emerge from Bankruptcy as Operations Continue
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Telecoms:

Qwest Skirted Bankruptcy, But 'Tough Road' Ahead
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Akin Gump replaces Gibson Dunn on FLAG’s Chapter 11
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WorldCom prepares for court action as report attacks KPMG’s tax advice
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Logo Athletic founder pleads guilty
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Kirkland waives $400K from bankruptcy bill
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Corporate Reform:

Prosecution rests in Tyco case
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Where's Ken? Uneven Justice
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Witness says he was told to give Stewart the tip
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Where Are They Now? Catching Up With the '80s Greediest
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`Oh my God, get Martha on the phone': Star witness tells of Stewart stock tip
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Koz fights key gov't witness
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Sarboxing
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Six degrees of Martha
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Taxpayers Whipsawed by the Alternative Minimum Tax Now Have Forum to Assert Claims for Tax Refunds and Tax Abatements
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Git-N-Go:

Convenience Store Chain's Funding Plan Is Rejected
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Third Git-N-Go Shuts After Bankruptcy
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Oglebay Norton Struggles to Emerge from Financial Mess
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Vestin Capital Buys Bankrupt Castaways
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Update -- Fair Credit Reporting Act
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E-Retailer TooHome files for Chapter 11
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Why The LBO Revival In 2003 Could Ignite Buyouts In 2004
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UK:

French claim adds to Leed's worries
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Bankruptcy Loophole To Close
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Recent changes in accounting standards are likely to hit the cashflows of many law firms.
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Scots on Brink of Debt Crisis
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Threat to British Energy rescue
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Haarmann loses insolvency leader in rejig row
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Versailles never generated a profit in nine years, court told
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Insolvency lawyers left in book debt quandary
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US-based businessmen save Oldham from bankruptcy
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Successful wind down of the Flightlease Group, Swiss Air’s leasing arm
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Italy:

Italian government approves bill aimed at preventing another Parmalat-like scandal
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Parmalat Considers Sending Money to Brazil Unit
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Parmalat, Parmalat: The Big Double-Bill
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Brazil says Parmalat drags its feet on documents
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Parmalat Prosecutors May Name New Suspect
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Parmalat faces liquidation procedures
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Parmalat swaps QCs for E&Y hostilities
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Lawyers reveal audit secrets
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Scandinavian dairy company eyeing Parmalat assets in Latin America
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Korea:

Banks balk at endorsing LG Card bailout
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Australia:

Directors pay $7m in duties claim
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Canada:

KnightHawk announces creditor approval of restructuring plan
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Japan:

Auditing group seeks unity on bank scrutiny
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Japanese Golf Course Operator Towa Land, Group Cos Fail
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Israel:

Official State Receiver issues new bankruptcy guidelines
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Beranowitz finally granted protection from creditors
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Mexico:

Satmex in danger of bankruptcy proceedings
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Allegro on the verge of bankruptcy
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