January 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         

Enron:

Fastow-ian Bargain?
(DBN Subscription Required)

Tail wagging dog in Fastows' cases
(DBN Subscription Required)

Even facing jail, rich folks attempt to flex their muscle
(DBN Subscription Required)

Enron trials could concern PGE
(DBN Subscription Required)

Long road to Enron convictions - Plea bargain by financial officer could break case. Will it happen?
(DBN Subscription Required)

SEC to fine Enron's Fastow up to 20 million dollars
(DBN Subscription Required)

A trying year
(DBN Subscription Required)

Lawyers Try Again to Salvage Fastow Plea
(DBN Subscription Required)

______________

Gosman's assets lose marital shield - Bankruptcy judge says magnate not legally married
(DBN Subscription Required)

Possible New Structure for Reorganization Transactions
(Martindale: separate free registration required)

Bankrupt state can't afford all-day kindergarten
(DBN Subscription Required)

Steel:

Weirton Steel could cut 800 jobs this week
(DBN Subscription Required)

Bankrupt Weirton Could Cut Jobs; Union Talking with Suitor International Steel
(DBN Subscription Required)

___________________

Asbestos:

$36 million verdict against asbestos plaintiffs' firm upheld - Background on the $36 million claim
(DBN Subscription Required)

State Senate bill affecting asbestos lawsuits
(DBN Subscription Required)

_________________

Energy:

PG&E gets favorable decision - Worker can't claim stress caused by firm's bankruptcy
(DBN Subscription Required)

Some South Dakota towns may buy parts of bankrupt utility
(DBN Subscription Required)

__________________

Corporate Reform:

Tyco CEO's Bonus Cut Amid Compensation Scandals

An ex-Tyco director testified that the company's board never approved loan forgiveness
(WSJ: separate paid subscription required)

Corporate Scandals Yield Few Plea Deals
(DBN Subscription Required)

What's Cooking at the Martha Trial
(DBN Subscription Required)

Morgan Stanley told to pay LVMH in research ruling
(DBN Subscription Required)

Study Finds Weak Case Against Grasso
(DBN Subscription Required)

Americans still furious about corporate scandals
(DBN Subscription Required)

________________

Bankruptcy lawyer sees casino's big drawback
(DBN Subscription Required)

Tyson, bankrupt, sees income drop
(DBN Subscription Required)

Today's young people use credit unlike any previous generation
(DBN Subscription Required)

Consumption-hungry Americans are spending their way to record levels of debt
(DBN Subscription Required)

U.S. consumer debt growth 'alarming'
(DBN Subscription Required)

Average family $18,700 in debt
(DBN Subscription Required)

Bankruptcy rates are an average of 18 percent higher in counties that had casinos or gaming halls
(DBN Subscription Required)

Archibald in talks with two companies to buy Fannie May brand
(DBN Subscription Required)

Detroit area hardware chain files for bankruptcy protection
(DBN Subscription Required)

Damman files for bankruptcy
(DBN Subscription Required)

Pinnacle hits low point in bankruptcy
(DBN Subscription Required)

CART:

CART board resigns
(DBN Subscription Required)

CART Racing Closing; Ford Waiting for Bankruptcy Decisions
(DBN Subscription Required)

IRL mulls bidding on CART assets
(DBN Subscription Required)

____________________

Arizona's bankruptcies up 7.4%
(DBN Subscription Required)

Harrah's to Buy and Reopen Binion's Horseshoe
(DBN Subscription Required)

SureBeam:

Food-safety firm SureBeam to seek bankruptcy, liquidate
(DBN Subscription Required)

SureBeam to file for bankruptcy, cease operations
(DBN Subscription Required)

_________________

Chi-Chi's Gets Set to Reopen, Bankruptcy Battle Continues
(DBN Subscription Required)

DirecTV Latin America Set To Emerge From Bankruptcy
(DBN Subscription Required)

Employees of Bankrupt New Hartford, Conn., Office Products Firm Await Its Sale
(DBN Subscription Required)

Federal Pension Insurance Faces Deficit
(DBN Subscription Required)

 

Airlines:

No more Air Canada talks
(DBN Subscription Required)

Air Canada Draws C$300 Mln From GE Credit Facility
(DBN Subscription Required)

Air Canada Provides Update on Restructuring
(DBN Subscription Required)

Many Laid-Off American Airlines Workers Still Unemployed
(DBN Subscription Required)

U.S. Airline Industry Poised to Close Books on Miserable Financial Period
(DBN Subscription Required)

US Airways Gains Time With Pittsburgh Lease
(DBN Subscription Required)

Head of US Airways' Pilot Union Continues Call for CEO's Ouster
(DBN Subscription Required)

US Airways CEO Hints at Merger as Possible Option
(DBN Subscription Required)

______________

Bake-Line:

Cookie Maker Bake-Line Group Shuts Down; Closes 7 Plants
(DBN Subscription Required)

Bake-Line Group and it Affiliates Announce Filing of Chapter 7 Voluntary Bankruptcy Petition
(DBN Subscription Required)

__________________

Holders view Impath plans as hasty
(DBN Subscription Required)

Additional bidders possible for toy chain
(DBN Subscription Required)

Accounting:

KPMG Makes Management Changes After Recent Tax Shelter Probe

KPMG announced its first major management shakeup since controversy erupted more than a year ago over the Big Four accounting firm's tax-shelter practice
(WSJ: separate paid subscription required)

Suit Alleges EY, UBS Knew of HealthSouth Fraud

SEC Official Opposes Expensing Options
(DBN Subscription Required)

Have the Big Four Audit Firms Changed?
(DBN Subscription Required)

Fewer Firms Restated Financial Results in 2003
(DBN Subscription Required)

SEC May Charge Computer Associates
(DBN Subscription Required)

New accounting scandal feared
(DBN Subscription Required)

Moody's cut Adecco ratings, may cut again
(DBN Subscription Required)

Major Accounting Scandals in the Last Three Years
(DBN Subscription Required)

Adecco Says It Is Not Another Parmalat
(DBN Subscription Required)

Adecco's Accounting `Issues' Leave Investors Demanding Details
(DBN Subscription Required)

________________

Law:

$36 million verdict against firm upheld
(DBN Subscription Required)

Jones Day seeks new jobs for post-merger Pennie staff
(The Lawyer: separate free registration required)

Raid Lands Firm Office in Vegas, Baby!
(DBN Subscription Required)

Former Microsoft GC Elected to Firm Chairman
(DBN Subscription Required)

Chadbourne snaps up Altheimer offices
(The Lawyer: separate free registration required)

Hold on tight for a surge of new technology
(DBN Subscription Required)

Clifford Chance New York exodus continues as firm offers more money to stay
(The Lawyer: separate free registration required)

Europe sees London firms as 'robbers'
(DBN Subscription Required)

What Are Big Firms Doing to Boost Performance?
(DBN Subscription Required)

What’s Hot and What’s Not in the Legal Profession
(DBN Subscription Required)

Should you hire a coach?
(DBN Subscription Required)

Court papers indicate DaimlerChrylser did not intend to conceal evidence
(DBN Subscription Required)

The Future Law Office: Going Virtual
(DBN Subscription Required)

The Many Faces of E-Lawyering
(DBN Subscription Required)

Building the Case for Knowledge Management
(DBN Subscription Required)

New Ways of Managing Professional Firms
(DBN Subscription Required)

________________

Global 2003 junk bond default rate falls
(DBN Subscription Required)

Kaiser Aluminum Aims to Ax Benefit Plans
(DBN Subscription Required)

One of the Most Popular Artist-Owned Record Labels Is Up for Bankruptcy Auction on the Internet
(DBN Subscription Required)

Blueberry settlement rebuffed
(DBN Subscription Required)

Pittsburgh Reaches Budget Agreement
(NYT: separate free registration required)

SEC begins formal probe of trading at Fremont Funds
(DBN Subscription Required)

U.S. Textile Jobs Plunge 10 Percent in 2003
(DBN Subscription Required)

 

Rehab organization American Indian Center facing bankruptcy
(DBN Subscription Required)

Bankruptcy crackdown
(DBN Subscription Required)

 

New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Denver: The Pinnacle Club Files Ch. 11
(DBN Subscription Required)

Personal Bankruptcies Rise In New Hampshire
(DBN Subscription Required)

Fannie May closing all its 228 stores
(DBN Subscription Required)

'My point is not that Chapter 11 is crap what annoys is that it allows bad managements to survive'
(DBN Subscription Required)

The US bankruptcy protection scheme that is Chapter 11 is under attack by British companies
(DBN Subscription Required)

Bankruptcy rates high despite economic turnaround
(DBN Subscription Required)

UnitedGlobalCom Unit Files For Chapter 11 Bankruptcy
(WSJ: separate paid subscription required)

UK:

Leeds Needs Cash or Player Sales to Keep Trading
(DBN Subscription Required)

Few offers for troubled club
(DBN Subscription Required)

UK Company profitability enters fifth year of decline
(DBN Subscription Required)

Bank of England, BCCI Suit May Set Limits on Immunity
(DBN Subscription Required)

Britain's biggest banking scandal
(DBN Subscription Required)

BCCI 'tragedy' awaits long run
(DBN Subscription Required)

Banking on compensation as BCCI marathon reaches court
(DBN Subscription Required)

MP urges deal to head off BCCI case
(DBN Subscription Required)

Lawyer's £3m Bank of England fee
(DBN Subscription Required)

Bank of England in dock over BCCI scandal
(DBN Subscription Required)

Bank of England in court over BCCI collapse
(DBN Subscription Required)

Card borrowing to slow in UK
(DBN Subscription Required)

Borrowing: a better deal is on the cards

Debt ruling makes for fairer system
(DBN Subscription Required)

"Can pay, should pay" approach
(DBN Subscription Required)

Uni Call In The Debt Collectors
(DBN Subscription Required)

High cost of reducing bankruptcy stigma
(DBN Subscription Required)

Current Distressed Companies Update
(DBN Subscription Required)

_________________

Japan:

Tokyo General hid 38.9 bil. yen debt
(DBN Subscription Required)

________________

Italy:

Selling the Farms
(DBN Subscription Required)

Additional Parmalat Stories

_______________

France:

Reform Of French Bankruptcy Proceedings -- The Amicable Reorganizations Draft Project, A Flawed Attempt
(DBN Subscription Required)

______________

Canada:

Court approves Minds Eye restructuring deal
(DBN Subscription Required)

Senate Committee Recommends Bold Insolvency Law Reforms
(DBN Subscription Required)

Debt warning adds to season's chill
(DBN Subscription Required)

Credit 911
(DBN Subscription Required)

__________________

Argentina:

Argentina asks IMF for new approach in debt talks
(DBN Subscription Required)

________________

Australia:

Creditors to forfeit payout to sink Kaye
(DBN Subscription Required)

________________

Zimbabwe:

Zimbabwe banks running out money
(DBN Subscription Required)

________________

Germany:

4500 retailers face bankruptcy
(DBN Subscription Required)

__________________

Korea:

Details Emerge on Plan to Rescue LG Card
(NYT: separate free registration required)

Creditors to sell troubled LG Card, South Korea's biggest credit card firm
(DBN Subscription Required)

______________

South Africa:

Liquidations up 29.5%
(DBN Subscription Required)

_________________

China:

Foreign Firms Struggle With China Debts - Foreign firms are hoping to turn huge profits by collecting on China's overdue bank loans
(WSJ: separate paid subscription required)

China's banking system a ticking time bomb
(DBN Subscription Required)

_______________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com