January 21, 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

         
Energy:

Calif. city asks rehearing of PG&E bankruptcy vote
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Mirant bankruptcy legal fees seen topping $120 mln
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NorthWestern offers glimpse of future electricity source, rates
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NWE files power-acquisition plan
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Airlines:

US Airways pilots union agrees to talks
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Colombia's Avianca asks for new restructure date
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Flight attendants demand payout
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CUPE workers to Air Canada's new owners: "Where's my $30 million bonus?"
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Air Canada Flight Attendants Seek Bonus to Match CEO
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Bethune: 'I just don't need it anymore'
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Sobelair flights despite bankruptcy?
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HealthSouth:

Healthsouth Finds $2.5b In Past Fraud
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HealthSouth Probe Finds Up to $4.6 Bln in Past Fraud
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Enron:

2 Enron execs sentencing postponed
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Enron & Ethics
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Affinity loses suit, says bankruptcy an option
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Big Lots weighs fallout of KB Toys' bankruptcy filing
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Eastern Paper Continues Positive Talks with Lenders
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Eastern Pulp and Paper mill meeting 'step forward'
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Supreme Court Considering Loan Deal Case
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3rd casino bets on Rosemont
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Irradiation Systems Maker's Bankruptcy Filing Offers Few Details in San Diego
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Lyonnais, Agency Plead Guilty
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Calif. Fund Chief Accused of Bilking 1000s Out of $814 Million

Elderly Investors Allege Ponzi Scheme Against Metropolitan Mortgage and Summit Securities
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Bankrupt Beastie Boys Assets Slow To Sell
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MAGNATRAX'S Swift Exit From Chapter 11 Final
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U.S. Credit Card ABS Issuance to Be Strong in 2004
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  Law:

NY Firm Violated Ethics Rules
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Bar Association Delegates Reject MJP Rule Change
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Illinois VC firm buys Florida Coastal School of Law
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Law firms stand firm against Microsoft over fee fight
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Midtown draw pulls Pillsbury
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Europe looks to Allen in White & Case vote
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Former Au Pair Joins British Law Firm
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Lovells plans London partner cull
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Steel:

Steelworkers reject cuts, bankruptcy considered
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Ivaco shareholders likely to lose their investment
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Accounting:

Grant Thornton sued by the SEC over MCA
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SEC Files Charges Against Auditors in MCA Financial Case
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Two Audit Firms Charged With Aiding Clients' Fraud
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Corporate Reform:

Martha Stewart repeats it: Not guilty
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Free Martha!
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Asbestos:

Frist plans action on asbestos reform in March-April
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Democrats blast plan to consider asbestos reform
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Bendix shares drop as sale falls through
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Record payout for living victim
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Citigroup profit approaches record level
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Former Ventura, Calif., Strawberry Brokers (Willinghams) Lose Protection from Creditors
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Bankruptcy trustee says smelter can't reopen
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Kaiser Offer of VALCO: An Albatross Gov't Should Be Wary of?
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Cargill to buy Agway animal-feed business
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Brazil Globopar wants U.S. bankruptcy/debt lawsuit thrown out
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Ahold to sell 204 U.S. convenience stores
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Baker Botts Adds Two Partners to Dallas Bankruptcy Group
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Wickes Inc. still in business after bankruptcy filing
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Wickes Inc. Files Voluntary Chapter 11 Petition to Facilitate Debt Restructuring and Ensure Ongoing Operations
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Judge dismisses FWTX bankruptcy case
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Owner of credit counseling service pleads guilty to hiding fee sharing arrangement with bankruptcy attorney
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U.S. company's software predicts corporate woes
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Telecoms:

Groups to bid for US assets of C&W
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Trustee sues for return of Telergy money
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Bill Bartmann returns to court
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UK:

Leeds hopeful players will agree to wage deferral
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Additional Leeds Stories

Secretary plundered £4m from investment bank employers
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City faces more scrutiny from FSA
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Why protecting jobs sometimes destroys them
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Households face crunch time if interest rates keep rising
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`Discharged’ bankrupts face threat of losing homes
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Canada:

White Rose shuts nine stores
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Italy:

Parmalat account doesn't exist, bank finds
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Additional Parmalat Stories

Finmatica in inquiry
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Australia:

BresaGen suspended from trading
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Thailand:

Thai TPI Polene Lenders Ask Co To Abide Debt Payment Plan
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Korea:

After Credit Binge In South Korea, Big Bill Comes Due
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