January 15, 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

         
High court limits rights of bankrupt - The Opinion - Oral Argument
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US Supreme Court: Timeliness Objection Too Late
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Law:

Vinson blames slump for 38-lawyer cull
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Firm Axes 40 Associates
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Clifford Chance US partners issued ‘back us or leave’ call
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International giants acted on Parmalat bond transactions
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Top NY Firm Will Close Satellite Office
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UK Law Society to reject conflict reform pleas
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NY Firm Finds New Home Downtown
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KLegal UK to rebrand
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Managing Partner Defects
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Ashurst names managing partner
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Time to deliver as Clifford Chance’s US strategy continues to stall
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Tech-hit Bay Area reverses slide in profits with 2003 fightback
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Simpson Thacher beats rivals to top M&A tables
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Reed Smith takes over DC boutique
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Spinning a good web
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Hungry National Firm Swallows NY Boutique
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When Bobby got stroppy
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New Year blues
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Furniture Law?
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It has been an embarrassing couple of months for business lawyers in the corporate scandal stakes
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Third of UK partners predict collapse of top 50 firm
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Bar Group Sells Mailing List of Thousands of Lawyers to Neo-Nazis
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There is a growing trend in law firms to appoint dedicated risk managers
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Utah firm to buy Fannie May
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Alpine Confections to acquire Fanny Farmer, Fannie May
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Bankruptcy Court clarifies Least restitution case
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Corporate Reform:

SEC: Get independents to chair boards of funds,
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Fund firm wants to settle trading suits
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SEC Finds ‘Revenue Sharing’ Practices at 13 Brokerages

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Steel:

Company wants to keep secret details of pay, bonuses
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Energy:

Judge to Give Staff of Bankrupt Mirant an Inside Look
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Utility receives bankruptcy extension
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Reconsider bankruptcy as a way out of debt
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Monsanto Reiterates It May Get Some Solutia Liabilities
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Bankruptcy hearing for Cowboy Town Jan. 27
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Letter from Delaware
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Fed says economy appears stronger
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Bankrupt Staffing Firm's Offices Open as Fraud Charges Pend
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  Enron:

Fastows accept prison time in plea bargain
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Some attribute greed to couple's ultimate downfall
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Former Enron Employees Don't Want Deal
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Former Enron CFO Andrew Fastow Pleads Guilty to Fraud
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Fastow, Wife Plead Guilty
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Enron's former CFO and wife plead guilty in the scandal
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Skilling could be next target of investigators
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Ex-Enron employee lobbies for legislation
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Enron Plea-coppers
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Nevada utility regulators reject Enron-related petition
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Enron's dream couple sentenced in massive fraud
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Telecoms:

ATX Communications Files
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Iusacell Bondholders Sue in U.S. to Recover $150 Mln
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Cable & Wireless lifted by talk of US asset sale
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C&W's great escape
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Mergers could revive US telecom junk bond sales
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Accounting:

PwC Legal ditches Australian audit work
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Deloitte faces fresh criticism over auditing of casino group
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Grant Thornton gave Italian arm the all clear
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Bush Seeks to End Leading Deals that Lead to Tax Write-Offs

Top Ten Most Often Missed Business Tax Deductions

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KB Toys:

KB Toys Files For Bankruptcy, Seeks New Strategy
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KB Toys files for Chapter 11 protection
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KB Bankrupt After Losing Toy Price War
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KB Toys Follows FAO To Chap. 11
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KB Toys gets DIP funding, to emerge Ch. 11 before holidays
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KB Toys seeks Chapter 11, putting 500 stores in limbo
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Powerful Wal-Mart toys with rivals
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Hasbro May Recover Some Receivables From KB Toys
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Retirees face pinch on benefits
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J.P. Morgan to acquire Bank One for $58 billion
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Bank One puts Harrison back in limelight
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JP calls in Simpson Thacher on $60bn bank job
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Bank One Purchase May Affect Chicago's Standing
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Albicocco Family Feud Nears Ending
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Shareholders: Stop Cone Sale ; The Shareholders Committee Says Wilbur Ross Is Paying A '"'Ridiculously Low'"' Amount For The Textile Company.
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Olympia Countess in choppy financial waters
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NCL Vessel
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Troubled Tropical must hire turnaround consultant
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Tower May Go Sour Without Deal
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Airlines:

UAL wants retirees to pay more on health
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United and Delta Increase Pressure on Employees for Concessions
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Delta CEO Says US Airways Sets Bad Example
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United retirees asked to pay more
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US Airways to shut regional unit
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Crunch time again for US Airways
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Li's Air Canada Financing Pacts Can Stay Sealed, Judge Rules
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American Airlines to meet with labor leaders
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Asbestos:

Hartford Financial sees results beating forecasts
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Gulf Coast lawyer sentenced in bankruptcy embezzlement
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DIP Dimensions: General Chemical Industrial
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Jackson Products is allowed up to $10 million for bailout
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Midwestern Meat Processors Scramble as Irradiation Firm Liquidates
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You can take the city to court, but you can't make it pay
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Warranty Gold provider told to stop
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Vote Frees Tampa, Fla.-Based Reptron Electronics from Chapter 11
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UK:

CGE to swoop on distressed plants
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Brummies set to go bankrupt
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Don't think about pay
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Germany:

Kirch Sues Deutsche Bank, Liberty Media in New York
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Kirch Sues Deutsche Bank, Liberty
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German economy shrank in 2003 for third straight year of near-zero growth
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Argentina:

U.S. Asks Judge to Oppose Argentine Bondholders' Bid
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Italy:

Time for a break in the family circle
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Additional Parmalat Stories

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Canada:

Quebec retail chain downsizing flagship
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Insolvent Boutiques San Francisco to close 58 stores
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Japan:

Ashikaga blames auditor for its insolvency
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Australia:

One.Tel directors face quiz over rights issue
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Korea:

Kamco prepares to auction Daewoo Engineering unit
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