January 30, 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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Airlines:

Delta pilots issue warning
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Delta pilots pessimistic about mid-contract talks
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Three groups may submit reorganization plans to compete with Hawaiian trustee Joshua Gotbaum's proposal
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Bankruptcy court to rule Feb on Avianca extension
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Bankrupt Tulsa, Okla., Great Plains Airlines Tries to Honor Payroll Checks
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Enron:

Causey May Put GAAP On Trial
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Judge approves latest Enron bonuses
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Ross Enters Best Bid for Cone Mills
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Defections hurt FTI business
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Corporate Reform:

Eliot Spitzer's Surprising Donor List
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Stewart's trial halted amid doubts about witness
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Postponement for Key Witness in Stewart Trial
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Setback for Prosecutors in Martha Stewart Trial
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Prosecutors: Stewart hid the ``painful truth
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Adelphia Fraud Case Jury Selection Begins
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Prospective Jurors Quizzed as Adelphia Fraud Case Begins
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Accounting:

Ex-Fila USA CEO Pleads Guilty in Probe
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Adecco says problems limited, shares spike higher
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Restoring investor confidence in companies and auditors
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Lawmakers plan bill to alter GAAP rules
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A taxing battle - Governments around the world are scrabbling for scarce corporate taxes
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Energy:

Utility's plan faces heavy scrutiny
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Duke Posts $2 Billion Loss
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Dynegy's Loss Narrows as Firm Sees More Red Ink in 2004
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With judge's ruling, race begins for circuit
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Adelphia shares plunge; valuation dispute seen
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Damman to close 3 more stores
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German sex shop chain makes $62m play for Penthouse group
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Kaiser:

Alcan Disputes Kaiser Motion to Cancel Alumina Supply Agreement
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Alcan/Kaiser Motion: Believes Agreement Is Valid
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Kaiser Aluminum Reaches Pact In Principle With USWA
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Kaiser Aluminum/USWA: Hopes To Leave Ch 11 By Midyear
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Suspect in bank fraud agrees to extradition
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SIPC Warns of Phony 'Look-Alike' Web Site, Refers Scheme to FBI and SEC for Further Action
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Bankruptcy brings 'chaos' to bakery
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Plan for life without hockey
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Jackson speeds through pre-pack
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Bob Hardy files for bankruptcy
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  Bankruptcy Reform:

Not a kick in the teeth
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House Debate On Bankruptcy Bill
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Senate Gets Changes for Bankruptcy Bill
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House substitutes omnibus bankruptcy bill for focused Senate bill providing protections for farmers
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Lenders to Ailing Firms Discover a New Reality
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Law:

Lawyers for HealthSouth and WorldCom Do Prosecutors' Bidding
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Top Firms Report Soaring Revenues, Profits
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Cadwalader results: 28% surge profits
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Top NY Firm Will Promote Zero Associates to Partner
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NY Firm Shuts Doors, Refugees Launch Satellite Offices
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US Firm Axes Associates at London Satellite
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Lawyers 1, Consumers 0
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Mr. Class Action
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Heller Ehrman team of 12 leaves for smaller firm
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Firm Announces Smaller Partner Class
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Klegal calls time on international network
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Asbestos:

Asbestos Claims Lead to Halliburton Loss
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Halliburton insurance settlement sets record
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Brobeck Estate Scores Millions in Fees
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Asbestos cancer deaths 'to peak in 2015'
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K&L Represents Halliburton Subsidiaries in Record Toxic Tort Insurance Settlement with Underwriters at Lloyd's, London
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S&P comments on Halliburton - Equitas Settlement Does Not Change Rating
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Asbestos suit hands Halliburton $947 million loss
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Asbestos cancer on increase
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Halliburton hit by $1.1bn asbestos liability
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Honeywell Posts Profit
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Steel:

Stelco job cuts loom in fight to stay alive
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Culture clash underlines woes
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Trustee in bankruptcy comments on Stelco
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Stelco workers brace for cuts
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There's always plenty of blame to go around when a company goes into bankruptcy protection, especially in the steel business
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Troubled Stelco's bonds booming
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Stelco Shrs Seen Worthless After CCAA Filing
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Union vows to protect workers
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Pension deficit worries retirees
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Some days comfort food isn't enough
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Stelco Enters Bankruptcy Protection to Cut Costs
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Stelco troubles tip of iceberg
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Rouge Workers OK Concessions Deal
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ISG considering offer for Weirton Steel
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Monsanto CEO: A 'Vibrant' Solutia Would Be Best For Co
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Weird News
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Would-be buyer surfaces for Eastern Pulp and Paper
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Another Nevada bankruptcy judge possible
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Bidder offers to give state the bankrupt casino
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No Valentine for Fannie May
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Carnival rides higher on rival's wave
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Seattle Fringe Festival will declare bankruptcy
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Insurers' scoring of credit hurts poor
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State Backs Holders of Annuities from Troubled Seattle-Based Securities Firm
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Greensboro: Homestead files bankruptcy
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Pension Agency Adopts New Investment Policy
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Ha-Lo reorg plan confirmed
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Some spared, others axed in the reorganization mix
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Huron Consulting Group Expands Washington, D.C. Office with Forensic Accounting Experts Sherman and Tremaglio
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Smith Barney Cautious on Toy Makers' Valuations
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Pittsburgh's renaissance in jeopardy
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Law Firm Wins Contract to Straighten Pittsburgh's Finances
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Bankrupt Castaways forced to close
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LBO firms in dividend rush despite downgrades
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Last Ingersoll asset sale approved
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UK:

Rebels yes to pay cut
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Additional Leeds Stories

Premiership to penalize defaulting clubs
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Reichmann Fails to Get Support for Canary Wharf Bid
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Australia:

HIH give all clear to recover $120m
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Elliott fails to extend bankruptcy notice deadline
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King Island milk plant still in the red despite sale
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Fortuitous timing for Pasminco's float
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Millionaire's son shrugs off bankruptcy bid
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Creditors back Pasminco float
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Italy:

Parmalat creditors claim NY bank holds $1m
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Additional Parmalat Stories

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Israel:

Just plain bad management
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Court okays Channel 10 debt deal
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Japan:

Japan's unemployment rate unexpectedly declines
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Canada:

AFS Announces Adverse Appeals Court Decision
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Argentina:

Argentine-IMF rancor starts to turn personal
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