July 9, 2004 

Daily Bankruptcy News

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Enron:

Indicted Lay: Failure does not equate to a crime
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What of Lays claims? -- Answers lie in Valhalla
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Text of Indictment
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Ex-employees mixed about this Enron indictment
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Lay Painted as Enron Conspirator
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Enron's Lay likely to walk
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Enron's Spiritual Leader
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Lay maintains a positive appearance
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Indicted Lay not political TNT in 2004
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Bush Ties to Enron, Big Business Back in Spotlight
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Former chief's descent as hard as climb to top
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Enron board members may come out of collapse nearly unscathed
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Reactions to Lay's Statement
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White House downplays ties to Lay
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US Govt Faces Task Of Making Case Against Enron's Lay
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Feds face uphill battle in trying Lay
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Former Enron Chairman Lay Pleads Innocent
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Lay's legacy
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Making a good case against Enron chief
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Lay pleads not guilty to Enron crimes
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'kenny Boy' Lay
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How Lay sold stock kept public in the dark
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Investors must wait on payback
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He was Bush's good friend, now the Enron chief faces jail in $100bn trial
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The energy giants who flew too close to the sun
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Dunning the Deposed Boss -- Need to be skilled at squeezing blood from a stone
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Lay Assumed Control of Fraud, Government Says
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Enron Task Force Head: Corporate America Not Above Law
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Another CEO in handcuffs Enron's Kenneth Lay is indicted, part of a wave of prosecutions
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Dewey Ballantine's Farber: Indictment of Enron's Ken Lay
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Satisfaction and Sadness at the Sight of Handcuffs
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For Enron's Lay, A Day of Jarring Images
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Lingering Anger Still Directed Against Enron's Once-Trusted Chief Executive
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Enron's Ken Lay: Cuffed but confident
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Ken Lay's indictment sparks fireworks from both sides
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A look ahead at Lay's defense
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Enron's Lay blames CFO, via lawyer
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Finding objective jurors might be challenge for ex-Enron chief
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SEC Charges Former Enron CEO Lay With Securities Fraud
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Text of SEC Complaint
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Law:

Alleged Bryant Victim Hires Libel Lawyer
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Class Action Bill Loses Senate Battle
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Two Chicago law firms aim to ensure diversity by forming alliance
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Sealed papers filed in attorney's lawsuit touch on $46 million scam
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Judge trades robe for guitar
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Elite Job Opening?
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Officials say loans of failed bank are selling off steadily
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Paul Allen Says Adelphia Situation Up in the Air
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Cable Firm Faces Auction Block As Suitors Circle
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Accountant: Church group warned on finances
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Boy bids to put bankrupt gun firm out of business
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Mickey Up Against the Wire at Euro Disney
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Airlines:

Hawaiian airline's bill for more than two years of underpayments includes $40.5 million in penalties
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Flight attendants union wants to block a scheme offered by trustee of Hawaiian Airlines
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Northwest tells employees that pay cuts will pay off
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Share Price of American Parent AMR Drops
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American Airlines survival in doubt --union leader
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Second Guessing American Airlines' Turnaround
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Shareholders nervous as Delta talks approach
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Delta pilots ponder productivity in give-back deal
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Air Canada's future may rest with two unions
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Air Canada unions must ratify deals today
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Air Canada union ratifies deal
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Air Canada, WestJet to have expert hunt documents
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United Drops Fare Increase After 1 Week
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Telecoms:

NextWave sells spectrum licenses
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Former CEO of bankrupt telecom company convicted of fraud
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Energy:

NorthWestern, Montana Public Service Commission and Montana Consumer Counsel Finalize Agreement Resolving Outstanding Reorganization Issues
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Bankrupt Mirant looks for tax break
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Corporate Reform:

Wall Street's judgment day
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SEC Probes Mutual Funds' Payments to 401(k) Administrators
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Jury convicts Adelphia founder, son
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Sorrow Mixed With Disbelief in Hometown of the Rigases
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Adelphia fraud a family affair
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Adelphia Founder, Son Guilty of Conspiracy
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Adelphia exec says verdict won't affect company plans
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A new regard for ethics on the job
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Martha Stewart Loses Retrial Bid Despite Witness's Alleged Lie
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No court stampede seen from Forstmann case
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Wall Street firms to pay S.C. nearly $4.8 million
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Judge turns down new trial for Martha Stewart
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No Safety at the Top For Corporate Leaders
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Ground Round:

Ground Round base now Freeport
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Ground Round Bankruptcy Battle
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Ground Round franchisees to acquire chain's franchise rights
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Elizabeth Edwards, bankruptcy lawyer, 'can do' wife
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Unemployment claims drop to three-year low
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Tenacity paying off for Maxxams CEO
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Turnaround Team Leaving Carlyle Group To Set Up New Firm
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How to avoid home foreclosure: Counselors can help borrowers keep a house
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In payment crisis, honesty really is the best policy
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YWCA tries to raise money for creditors
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Fair Grounds plan approved
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Number falls for Utah financial failures
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BMC Industries Gets Court Approval For $10M DIP Facility
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President casino wins new license
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CSFB challenges Owens Corning -- Lead bank for prepetition lending group objects to the company's request for more time to file a reorganization plan
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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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Met Mortgage examiner wants to go after accounting firms
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Catholic Dioceses:

Seattle, Spokane dioceses hope insurance covers abuse settlement costs
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Bankruptcy for Covington diocese?
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Portland Diocese's bankruptcy stuns bishop in Tucson
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Religious aspects complicate bankruptcy
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Bankruptcy may be best for diocese
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Global Water Tech exits Chapter 11
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Studies Find More Seniors Filing For Bankruptcy
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Cool summer puts chill on retail sales
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Kentucky nearly $16M ahead in delinquent tax collections
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Keene Fraudulent Conveyance Case Against Genlyte Will Not Be Further Appealed
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Accounting:

UK Closer to Capping Audit Firms' Liability

Study Shows Non-Audit Fees Drop Below Half Of Auditor Payments
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Ampam hearing postponed -- U.S. trustee objected to the company's reorganization plan
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UK:

Insolvency profession slams regulators
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Russia:

Bailiffs move on YUKOS
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Fin Min Says No Chance Of Yukos Debt Restructure
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A hard rain falls on house that Yukos built
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Bailiffs freeze accounts of YUKOS subsidiary
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President of Russia taciturn -- Yukos says it will keep pumping oil while it waits
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Foreign banks' US$1b Yukos loans secure
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Putin defends conduct over YUKOS
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Firm 'has not asked for tax delay'
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Yukos prepares for spectacular fall from power
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Bailiffs move in on Yukos Oil's Siberian operations
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Lord Owen flies to Yukos defense
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Ruble Has Biggest Drop in Month on Concern About Russia's Banks
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Crude Oil Futures Rise on Concern Tax Bill May Bankrupt Yukos
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France:

National tensions threaten Alstom deal
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Canada:

Insolvent clothier reaches bond deal
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Liquidation World Announces a 6.5% Increase in Third Quarter Revenue
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Italy:

Reform Bankruptcy Law As Soon As Possible
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Berlusconi's children under investigation
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Italy's Ermolli group faces bankruptcy
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Korea:

Creditors' dispute could derail sale of Hynix unit
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Australia:

Australian Bankruptcies Fall 9.5% In FY04 Vs FY03s
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Germany:

Security Against Bankruptcy For Senior Part-Time Employees Soon Mandatory
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