June 10, 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

         

Enron:

Britons await extradition case on Enron wire fraud
(DBN Subscription Required)

Federal judge chastises Fastow lawyer
(DBN Subscription Required)

Oregon Hearing to Look at Utility's Charging for Taxes It Didn't Pay
(NYT: separate free registration required)

_____________

Steel:

AK Steel workers meet
(DBN Subscription Required)

Severstal U.S. plans begin to take shape
(DBN Subscription Required)

______________

Law:

The Art of Staffing
(DBN Subscription Required)

Rain Dance
(DBN Subscription Required)

Reuters bids to slash legal spending
(DBN Subscription Required)

Clifford Chance Washington managing partner jumps ship
(DBN Subscription Required)

$18m discrimination case draws legal eyes
(DBN Subscription Required)

UK Firm tries to limit damage after crushing M&S conflicts court blow
(DBN Subscription Required)

Firm fighting conflicts challenge claims the sky is Green
(DBN Subscription Required)

UK firm installs Chinese walls for hotel bid to represent seller and bidder
(DBN Subscription Required)

Freshfields 'conflict' case prompts review of rules on Chinese Walls
(DBN Subscription Required)

The truth behind the very high turnover of law firm marketing executives
(DBN Subscription Required)

What can firms do to ensure that their private correspondence is not being read by unwanted eyes?
(DBN Subscription Required)

Law Firm's Retreat Ends in Brawl, Suspensions
(DBN Subscription Required)

In recruiting, law firms often do not get the best candidates, or value for money
(DBN Subscription Required)

Judge awards two attorneys more than $41 million in fees
(DBN Subscription Required)

Dechert taps Morgan Lewis for securitisation raid
(DBN Subscription Required)

Attorney Gets 3 Years For Cigar Smuggling
(DBN Subscription Required)

America's Best Corporate Lawyers 2004
(DBN Subscription Required)

Leaders in 50 Metro Areas
(DBN Subscription Required)

Picks of the Hire Powers 2004
(DBN Subscription Required)

What We Need From Our Lawyers. What We Don't
(DBN Subscription Required)

Rethinking Receivables
(DBN Subscription Required)

Less fees please
(DBN Subscription Required)

Weil Gotshal moves co-head to London
(DBN Subscription Required)

Leading partners claim top firms routinely massage profit figures
(DBN Subscription Required)

In-house counsel speak out against new fee hikes
(DBN Subscription Required)

Latham appoints LA managing partner
(DBN Subscription Required)

______________

Corporate Reform:

Ex-Adelphia Exec Testifies in Own Defense
(DBN Subscription Required)

Bank One expected to settle mutual fund probe
(DBN Subscription Required)

A Learning Curve for Directors And Lawyers
(DBN Subscription Required)

Ink expert is indicted for perjury in Stewart trial
(DBN Subscription Required)

Too Few Degrees of Separation Can Spell Trouble for Directors
(DBN Subscription Required)

Tyco Faces Follow-on Suit Over Settlement

Ex-Treasurer of Adelphia Says He Received Only His Salary
(NYT: separate free registration required)

Lessons of the Scandal Trials
(DBN Subscription Required)

Whistle-Blower Claims Mostly Dismissed
(DBN Subscription Required)

Managing the Risks of Sarbox 409
(DBN Subscription Required)

A General Counsel's Guide To Avoiding "Obstruction Of Justice" Liability
(DBN Subscription Required)

The 10 Trickiest Legal Challenges for Directors Today
(DBN Subscription Required)

The SEC's Top Cop Is Watching You
(DBN Subscription Required)

_____________

Fair Grounds reorg proposal opposed
(DBN Subscription Required)

Spiegel Reports $12M Loss For April 4 Through May 1
(WSJ: separate paid subscription required)

  Airlines:

Delta uses risk of bankruptcy to pressure for wage cuts
(DBN Subscription Required)

Budget airline fails to take off
(DBN Subscription Required)

Airlines acting to save on fuel
(DBN Subscription Required)

Further descent of airline jobs
(DBN Subscription Required)

Are regional airlines headed for a tumble?
(DBN Subscription Required)

Delta pilots fire back at CEO over compensation
(DBN Subscription Required)

Delta, pilots cross swords with memos
(DBN Subscription Required)

Virgin Express Alleges Illegal Pricing By Alitalia
(DBN Subscription Required)

________________

Energy:

NWE union authorizes strike
(DBN Subscription Required)

Bankruptcy limits pipeline company's ability to pay fines
(DBN Subscription Required)

Seitel Announces Proposed $190 Million Private Offering of Senior Notes
(DBN Subscription Required)

_______________

Telecoms:

FCC's Martin Won't Appeal Phone Case To Supreme Court
(DBN Subscription Required)

_______________

Asbestos:

Investors dump Hardie over asbestos payouts
(DBN Subscription Required)

Lawyer says Hardie left out key detail
(DBN Subscription Required)

Sealed Air wants overturn on Grace
(The Deal: separate paid registration required)

_____________

Met Mortgage:

Examiner blames Sandifur, accountants for mess
(DBN Subscription Required)

Met bankruptcy liquidation coming
(DBN Subscription Required)

Examiner's Report
(DBN Subscription Required)

______________

Accounting:

i2 Technologies Settles Fraud Charges Involving $1B in Misstatements

KPMG appoints 21 new partners
(DBN Subscription Required)

US watchdog gets all-clear to inspect UK firms
(DBN Subscription Required)

_________________

Court Faulted for Deference to Trustee in Approving Settlement
(DBN Subscription Required)

Teenager paralyzed by bullet collecting money to buy defective guns from bankrupt manufacturer
(DBN Subscription Required)

New bidder steps in for troubled church
(DBN Subscription Required)

Bondholders, Indenture Trustees and Lenders Beware: The Rule of Explicitness May Not Apply in Bankruptcy Cases
(Martindale: separate free registration required)

Florida: Bankrupt mobile home dealer under investigation
(DBN Subscription Required)

Who owned it? Why was in Long Beach waters? What happened to it?
(DBN Subscription Required)

Investor objects to price of Rooney Palace complex
(DBN Subscription Required)

Parmalat balks at paying advisers
(The Deal: separate paid registration required)

Commodore finally to pay out
(The Deal: separate paid registration required)

Liquidators circle New Weathervane
(The Deal: separate paid registration required)

Valuing Companies in Bankruptcy
(DBN Subscription Required)

Higher SIPC Recovery Cap Allowed for Funds Lost in Investment Scam
(DBN Subscription Required)

Struggling Pasta Maker Replaces CEO Again
(DBN Subscription Required)

Fed official echoes hints of interest-rate hike
(DBN Subscription Required)

Dan River Reports $4.4M Loss For March 31-May 8 Period
(WSJ: separate paid subscription required)

Fed Will at Least Double Rate Target This Year, Bond Firms Say
(DBN Subscription Required)

Non-Monetary Defaults Need Not Be Cured to Assume Contract
(DBN Subscription Required)

Kitchen Etc. seeks funding to keep it from closing
(DBN Subscription Required)

National Fitness: Sweet irony in education scam
(DBN Subscription Required)

Protecting an IRA From Creditors
(WSJ: separate paid subscription required)

 

New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
(DBN Subscription Required)

Weird News
(DBN Subscription Required)

Wet Seal Has Hired Financo As Financial Advisor
(DBN Subscription Required)

HomeGold's ex-officials have settlement deadline
(DBN Subscription Required)

Congress urged to drop private tax collections/FDCPA Update/MD Vetoes Limit on Use of SS#
(DBN Subscription Required)

Fear and ignorance cloud credit reports
(DBN Subscription Required)

First Carolina Investors Disbursements By End Of Summer
(DBN Subscription Required)

Settlement of Claim Precludes Avoidance Litigation
(DBN Subscription Required)

Bankrupt man says wife's phone bills are three times his salary
(DBN Subscription Required)

S&P Cuts Key Energy Services To B From B+ -- Notice of Default Received From Senior Noteholders
(WSJ: separate paid subscription required)

Former Federal Reserve official had filed for bankruptcy
(DBN Subscription Required)

Angel investor could rescue RSI
(DBN Subscription Required)

The Turnaround Specialists: Who are they and how they can assist you and your client?
(DBN Subscription Required)

UK:

Factory Output Shows Fastest Rise for Two Years
(DBN Subscription Required)

Chancery Lane under fire for ducking M&S probe
(DBN Subscription Required)

Cautious welcome for draft consumer credit regulations
(DBN Subscription Required)

____________

Euro Disney settles with creditors
(DBN Subscription Required)

Walt Disney, Banks Agree to Second Euro Disney Rescue
(DBN Subscription Required)

Euro Disney Pushing Debt-Reschedule Plan
(DBN Subscription Required)

Investing in Distressed Debt Grows in Popularity in Europe
(WSJ: separate paid subscription required)

Japan:

Banks offer clients more protection from insolvency
(DBN Subscription Required)

Former president at Mitsubishi Motors arrested in defect cover-up scandal
(DBN Subscription Required)

___________________

China:

Creditors of China's biggest stock player sent warning
(DBN Subscription Required)

_________________

US Congress mulls debt cancellation for poor
(DBN Subscription Required)

Argentina:

Argentina Needs Deal With Creditors, IMF Says
(DBN Subscription Required)

HPDA Secures Debt Deal; 92% Creditor Approval
(DBN Subscription Required)

_____________

Russia:

Banks Cut Credit Lines to Each Other
(DBN Subscription Required)

Russia's Central Bank Knows Who Initiated National Banking Crisis Rumour
(DBN Subscription Required)

Yukos CEO Has Little Optimism About Tax Case
(DBN Subscription Required)

Russia YUKOS shares drop 7 percent on output talk
(DBN Subscription Required)

Corporate fixer offers to be YUKOS mediator
(DBN Subscription Required)

_______________

Canada:

'Crisis' looms for defined pensions
(DBN Subscription Required)

Troubled Skeena Forest Products negotiating with new investor
(DBN Subscription Required)

___________________

South Africa:

Changes focus on delinquents
(DBN Subscription Required)

Imports ruined us, bark Mad Dogs
(DBN Subscription Required)

________________

Australia:

Kiwi Heads up Global Debt Collection Group
(DBN Subscription Required)

__________________

Korea:

Korea To Introduce Stricter Guideline For Card Cos
(DBN Subscription Required)

_________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com