July 20, 2004 

Asbestos:

Valuation of Owens Corning asbestos liability to get hearing --Bank creditors push procedure into 2005
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Ground Zero Bldg. Asbestos Hell
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Negotiations heat up for global settlement of asbestos litigation
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Hardie names dispute team
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Court Approval of Halliburton Units' Reorganization Plans Favors Credit Quality
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Owens gets exclusivity extension
(The Deal: separate paid registration required)

Restructuring of Halliburton Units to Proceed
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Treasury Issues Guidance on the Application of Golden Parachute Rules in Bankruptcy
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Enron:

CFTC says Enron to pay $35M civil penalty
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The moron at Enron defense
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Telecoms:

Buyout plan may save ICG from bankruptcy
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Judge rejects trial delay for ex-WorldCom CEO Ebbers
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Elantic Telecom, Inc. Files for Reorganization
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Corporate Reform:

Financial Planners To Sue SEC On Broker Advice Rule
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Most Michael Rigas Jurors Wanted to Acquit Him
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Big Severance Packages Mark Recent Deals
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Companies Are Taking Short-Term Approach to SOX Compliance
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The pendulum is starting to swing away from executives and huge payouts
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Options Bill Could Face Vote Today
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Eddie Bauer sale down to short list
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Spiegel Catalog sold again, to move to N.Y.
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Alzheimer's Costs Could Overwhelm Medicare, Medicaid
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Breuners still to settle DIP amount
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Breuners deposit policy draws ire
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Team Inc. Executes `Stalking Horse' Agreement to Acquire Cooperheat-MQS Business in Bankruptcy Sale Process
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Christine Myatt To Chair N.C. Bar's Bankruptcy Section
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Catholic Dioceses:

Diocese taps investments to avoid cuts, bankruptcy
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A chance to heal
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Tucson Diocese studies bankruptcy route to fight lawsuits over sexual abuse
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Boston archdiocese, wary of precedent, cools to bankruptcy
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Second lien finance gathers pace
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Boomers work out loss of a job
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Conn. metal finishing business aims for turnaround
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Airlines:

Delta Air Has 2nd-Qtr Net Loss of $1.97 Bln on Costs
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Delta's finances worsen; losses reach $5 billion
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Investors ignore Delta's $2 billion loss
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Delta Reports Huge $2B Loss
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S.& P. Downgrades Delta's Debt After It Posts Big Loss
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Delta says plan will turn it around
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Delta pilots preparing pay-cut offer
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UAL close to renegotiating interim financing
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Easyjet lodges appeal against Air France/Alitalia tie-up
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Ten Ways To Fix The Airline Mess
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Airline bails on small investor
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US Airways reducing flights to 8 cities
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Swissair's Irish wing decides to wind up
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Gotbaum wins on bonuses -- The Hawaiian Air trustee can pay 80 top executives up to $7 million for helping turn around the carrier in 2003 and this year
(The Deal: separate paid registration required)

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President Casinos' Biloxi re-zoning appeal denied
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Law:

GC Survey: More Money, Fewer Options
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Fried Frank Arrives In Frankfurt
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US firms merger rate accelerates
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Unlocking invisible electronic codes can reveal deleted text, revisions
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Women to Women
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Shearman, Weil Gotshal to hike US associates' London allowances
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UK firm to gain US clout with Kirkpatrick link
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Making the Cut
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Orrick takes further advantage of Clifford Chance closures
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UK summer rumour round-up
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Unpaid leave program is a success
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We'd love to hire you, but we simply don't have the toilet capacity for your type
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Long-winded lawyers and a great legal tradition
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Young, thrusting and downtrodden -- a UK lawyer's life
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Accounting:

Hunt for Nonfilers Turns up Millionaires, Lawyers, CPAs
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PCAOB Should Take Lead on Auditor Independence
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SEC Provides Additional Guidance on Section 404 and Business Combinations
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Conseco takes case to Florida
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Artifact Faces Bankruptcy
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Kaiser Aluminum Gets OK For Refinery Sale, Bid Rules
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Creditors upset that developer allowed to file for bankruptcy
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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UST Audits and Field Exams -- What You Should Know and How to Avoid Common Deficiencies
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Independent Examiner May Be Appointed to Review Proposed Changes in Employee Benefits
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Housing starts plummeted 8.5% in June, the biggest tumble in more than a year, amid higher mortgage rates. Building permits also fell sharply
(WSJ: separate paid subscription required)

Sailing: Debts leave Edwards struggling to stay afloat
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Directors clash over rescue of Mars 2112
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Loral Skynet Looks To A Future Beyond Bankruptcy
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Assessing the Wisdom of Writing a Reciprocity Requirement into U.S. International Recognition and Enforcement Law
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UK:

Defense opens in BCCI law suit
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BCCI Damages Claim Against Bank 'Implausible'
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Claims of dishonesty at the Bank over BCCI 'are implausible'
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This year and next will be bumpy for the UK's consumer credit market
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Strategy targets 1 personal trillion debt pile
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Russia:

US law firm files suit against Yukos, alleges "false statements"
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Russia's Image Problem Begins at Home
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Yukos fails to stall tax payment
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Australia:

Reprieve for wine grower
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Japan:

Toyota studying taking on ailing Mitsubishi workers, suppliers
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Italy:

Parmalat Is Worth a Lot
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Korea:

3 Buyers Target SK Life
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Delinquent Taxpayers Rising
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LG Card Wants More Support
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goodday Newspaper Goes Bankrupt
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Canada:

Afton Foods to seek bankruptcy protection
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Doman Industries Warrants Exercised
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Azerbaijan may bankrupt company printing money for breakaway Karabakh
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Mexico:

Iusacell faces bankruptcy option
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