July 28, 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 function repaired: Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         

Enron:

Enron fights payment to employee pension fund
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Good timing eases risk of insuring D&O bigwigs
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Churches Weigh Going Bankrupt to Escape Suits
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Energy:

Tacoma Power files antitrust lawsuit over 2000-2001 high rates
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S.D. cities might buy NorthWestern utility's assets
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NorthWestern execs don't deserve extra millions
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Law:

Former Brobeck Attorneys Object to Clifford Deal
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Firms look to make the most of their librarians with billable-hour requirements
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A courtroom master faces his biggest jury
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First-Year Salaries Drop
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Ex-Associate Sues Firm for Sexual Harassment
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Firm Expands Manhattan Headquarters
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Heller Ehrman strengthens Washington with office move
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Firms Rethink Associate Reviews
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Attorneys Invade Iraq to Drum Up Business :)
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Firm Shrugs Off "Farenheit 9/11" Fallout
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Partner Enjoys Bright Lights, Big City and New Role as Pundit
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Lawyer Wins Howard Stern Lookalike Contest
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Telecoms:

Court nixes try to open MCI records
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Horizon PCS Secures Financing
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ISAT Files for Chapter 11 Bankruptcy Protection
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Corporate Reform:

Stewart said willing to serve time at home
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Ex-Skadden Lawyer Named to Head Martha Stewart Omnimedia
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Shareholder Suits Bring Governance Gains
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SEC charges ex-CFO of Qwest wireless unit
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Charter Settles with SEC Over Subscribers, Revs
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Boston Chicken execs OK settlement of $2.18 million
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Ex-managers at Ahold's Foodservice face charges
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Four brokerage firms will pay a total of $20 million to settle allegations that they overcharged investors buying corporate bonds
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Kmart stock soars with release of analyst report
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Kmart Real Estate A Big Prize, Analysts Say
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Kmart real estate worth up to $150/share: Deutsche Bank
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Underarm Event
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Tyson draws big crowd for his workout
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Mike Tyson now fights to survive
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Carolina Investors: Owen's guilty plea raises questions about Morris' trial
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Aguilera tops creditor list
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Judge threatens prison receivership, flexes his muscle on prison reform
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Report Finds Discrimination in Honda Auto Loan Markups
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Airlines:

Quarter in the black won't rescue US Air
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US Airways posts profit
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USAirways warns of more doom
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US Airways to replace hubs with direct-flight system
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Airline stiffens contract stance
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United asked to explain pension decision
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Major airlines may follow United's lead and end contributions to pension plans
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United softens pension threat
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United move skirts U.S. pension rules
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Azzurra Air bankrupt
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Origin Pacific's wings clipped further
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Workers from collapsed airline welcome money
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AirTran's profit falls 71%
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Aer Lingus plan needs worker support, unions warn
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Alitalia Unions Resist Overhaul
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Shedding retirement benefits -- Reality: Workers Can Have the Benefits Customers Are Willing to Pay For
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Asbestos:

Judge affirms proposal to settle asbestos claims
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Court Indicates Intent to Approve Oglebay Norton Disclosure Statement with Certain Modifications, Sets September 29 Date for Confirmation Hearing
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Judge: Oglebay must reveal $451M bid
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Halliburton says judge OKs asbestos deal
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Hardie gag order extension rejected
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Steel:

Algoma Steel, workers reach tentative deal
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Adelphia:

Pay motion rankles Adelphia's creditors
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Scientific-Atlanta sued by Adelphia investors
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Construction giant back to core business after paying heavy price
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Consumer Bankruptcies Slowing in 2004
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Disabled sail group fights to stay afloat
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US consumer confidence soars
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Workers are steadily deserting for new jobs
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Oil blamed as manufacturing recovery stalls
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Mitsubishi struggles to recover U.S. sales
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Major creditor and trustee ask Court to convert Commander Aircraft Co. case from a reorganization to a liquidation
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Old National Bank sues to foreclose on Platinum Center
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Cottonwood Shores, Texas mayor says city heading for bankruptcy
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Insolvent companies to swamp 'life boats'
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American Italian posts loss, hurt by low-carb fad
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Ex-CEO of bankrupt company charged with trying to kill U.S. judge
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Judge denies Loral shareholder request
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BMC Industries enters into agreement to sell Buckbee-Mears assets
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Alcoa to Cut Jobs and Won't Reopen Smelter
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Judge OKs Fleming reorg plan
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Curtain Ready to Lower on Fleming
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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U.S. judge's filing for bankruptcy under scrutiny
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The Assumption of Credit Card Merchant Agreements in Bankruptcy: Another Important Right of Debtors Filing for Chapter 11
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Penn Traffic turns a profit in June
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New method to address thin credit histories
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Weathervane Auctioned To Fair Vane
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UK:

Britons' Debts May Reach 1 Trillion Pounds, Threatening Economy
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The dos and don'ts of debt
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Morse's Jag Gets Grabbed
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Union more hopeful of T&N deal on pensions
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Eurotunnel fights price war
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Company failures falling
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Russia:

Russian central banker targets dirty tricks among tycoons
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EU Says Putin Out to Destroy Yukos
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Yukos asks for access to funds
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Yukos Shares Decline, EU Sees Soon Bankruptcy
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Court refreezes Yukos bank accounts
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)

Oil surges as YUKOS told to stop sales
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Yukos may halt work 'within days'
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Russian minister says Yukos can pay salaries
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Kremlin aide chairs Rosneft, seen as YUKOS bidder
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Yukos Closer To Brink As Bailiffs Move On Oil
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Canada:

Doman emerges from bankruptcy protection Wednesday
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Doman Restructuring Complete; New Company is Western Forest Products Inc.
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Korea:

Creditors Complete 2nd Debt-for-Equity Swap for LG Card
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Taiwan:

Creditor banks consider Central Leasing meeting
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Japan:

Tokyo court halts bank deal
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Court halts MTFG-UFJ merger negotiations
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Japan's retail sales cast doubt on recovery
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China:

Regulators unveil liability repayment scheme
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India:

Debtors to fight 'unjust' means by lenders
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Norway:

Fewer going bankrupt
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