June 11, 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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Telecoms:

FCC Approves Reorganization Plan for Wireless Band
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Reach in Talks With Lenders to Reorganize Loans
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Enron:

Judge sends message to all of us through Lea Fastow
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Next stop for Enron prosecutors: London
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Ex-Bankers in U.K. May Be Extradited in Enron Case
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Enron's bankruptcy confirmation hearing to last through next week
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Law:

Johnnie Cochran Is Miami-Bound -- Raising local eyebrows
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Turning a Lens on the Law
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Autocoding Technology Is Here and Now
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Don't wait for a crisis before updating your partnership agreement
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Critics of Lawsuits Bill Gird for Senate Battle
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Pitching the Gen X Jury
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Corporate Reform:

Stewart wants another shot
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Chief of US technology company Symbol 'skips bail hearing'
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Tyco Bonus Questioned
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Prosecutor asks former Adelphia executive Mulcahey about shareholders
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Cancer Expert Wins $2.8M From Broker Who Churned Account
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Ex-Exec Didn't Tell Board of Advances
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Finance Execs Report Illegal Bank Tying
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Calpers Cites Four for Poor Governance
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Plan sets in motion beginning of the end for Met Mortgage
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Pegasus:

DirecTV Ruled Not in Violation of Pegasus Bankruptcy
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Court Finds DIRECTV in Violation of Automatic Stay
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Bankruptcy Court Judge Rules That DIRECTV Can Market Its Service in Pegasus Territories; Judge Denies Pegasus Motion for Relief
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DirecTV Is Allowed to End Pegasus Deal
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Hedge fund raises eyebrows for big bet on Pegasus
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TV viewers caught in signal battle
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Payroll Management Embezzler Gets 51-mos. In Jail
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Student travel company went through nearly $1 million loan in two years
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Ex-Graham Field chief convicted in merger fraud
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Head of Kansas City, Mo. Federal Reserve Warns of Coming Interest Rate Rise
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Gaming board picks firm for counsel on 10th license
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IRS Goes After Rich Tax Cheats
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  Airlines:

Loan guarantee for United "far less likely" to fly
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Plan B possible
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United Airlines, unions settle over retiree medical benefits
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Alitalia May Need to Consider Liquidation, Deloitte Report Says
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Low-cost airlines gang up on Alitalia
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Virgin Express claims Alitalia is illegally setting prices below cost
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American, United Airlines Cut Fuel Use as Prices Rise
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Judge OKs Arrow Air bankruptcy exit plan
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Arrow Air Emerging From Bankruptcy
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U.K.'s Now Airline Collapses as European Carriers Reduce Prices
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Analyst expects Delta, pilots to reach deal
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Delta pilots fire back at CEO over compensation
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Steel:

General Motors moves to end supply contract with restructuring Stelco
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GM may end Stelco contract
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Asbestos:

Lawmakers Have No Deal on Asbestos Fund
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Daschle denies rumors of asbestos litigation deal
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Owens Corning says Chapter 11 exit 'unlikely' in 2004
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Hardie's funds cut miss
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Federal Bankruptcy Court Permanently Bars Telemarketing Firm National Audit Defense Network From Selling Tax Scams
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Government wants back taxes from clients of Vegas telemarketer
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Houston: Pilgrim Cleaners comes out of Chapter 11 bankruptcy
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Omni Facility Services files for Chapter 11 bankruptcy protection
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Former HomeGold VP reaches tentative settlement
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Fitness gear promoter is fired
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Utah charity fires president, says millions of dollars missing
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Pension Under-funding Is Emerging Dragon: John Wasik
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Customers to Be Fully Reimbursed in Liquidation of MJK Clearing
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Formica Exits Chapter 11
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Poor jailed for support nonpayment entitled to attorneys
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CLE Provider Cognistar Corp Files Chapter 11 Bankruptcy
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Adelphia still looking for bank to handle sale
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Seitel prepares bankruptcy exit
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30 ex-customers at mobile home vendor's bankruptcy
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RCK Modular Homes Systems -- Millions swindled
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Valencia Entertainment Deed Sold, One to Go
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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UK:

Henlys investors face total loss
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Pensions Bill will cost firms 400m a year
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Financial adviser fined 300,000
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Low meant a dream home: high is a nightmare
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Australia:

Battle looms as Canberra goes for broke
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Japan:

Record 32,082 Japanese committed suicide last year; sagging economy cited
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Restructuring firms issuing shares to 3rd parties
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Ex-Mitsubishi chief and 5 others held in defect coverup
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Canada:

Banff TV Festival set to shine just weeks after filing for bankruptcy
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Boutiques San Francisco's annual loss balloons
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Russia:

Government able to bankrupt YUKOS
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Battered Yukos Finds Unlikely Offers of Help
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French, Swiss banks get out of loan to Yukos
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Russia Ministry Wants Yukos Tax Case Judge Removed
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Yukos brings in BKSH in battle against bankruptcy
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Russian experts expect Yukos bankruptcy in August-September
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Argentina:

Argentina's Merval Falls 3rd Day on Debt Concern
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Credit trickles back into Argentina's economy
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South Africa:

Absa gets scolding for trying to influence CNA liquidation
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Israel:

20,000 workers face another two-week wait for paycheck
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Korea:

Consumer confidence dips on uncertainties
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Mexico:

Judge declares Allegro in bankruptcy proceedings
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Iraq:

Schroeder Seeks Iraq Work in Exchange for Debt Relief
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Czech Republic:

Moravan-Aeroplanes board files bankruptcy petition
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