June 18, 2004 

Daily Bankruptcy News

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Airlines:

United Airlines fails in loan-guarantee bid
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United: Loan Guarantee Rejection Premature
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Time to Fly Solo
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Don Carty remains involved in post-Adams bid for Hawaiian
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New airline will jam skies
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Task: Piloting United through turbulence
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United May Seek Alternatives After U.S. Denies Loan
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United Airlines Flight Attendants Disappointed by ATSB Decision
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Despite woes, CEO confident
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United "can rebound"
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United denied loan backing
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Rejection may lead to United pay cuts
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Delta pilots ready to talk
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US Airways CEO: More cuts coming
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Air Canada equity bids approach deadline
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Ruling clouds prospect of vote on airline union
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Law:

Law Clients Given Choice: A Big Payout Or Privacy
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Skadden embroiled in insider trading row
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Change your definition of wins and losses to find new meaning in your practice
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Duane Morris scoops litigation double from Kirkpatrick & Lockhart
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Clifford Chance set to hire first UK PR adviser
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Corporate Reform:

Grasso, in battle of courts
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Ex-securities chief defends Grasso
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Adelphia charges called a farce
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Intervest exec charged in fraud
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Head Trip
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Goldman Sachs Sued Over Use of Stock Pool
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Allou Ex-Chairman, 7 Others, Indicted in $140 Mln Fraud, Arson
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Demise of a rising star
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Reforms challenge some small publicly traded firms
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Prosecutors go long -- A look at what's been happening and what's to come in the wake of the Enron mess
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Familiar Firepower Reunites in Grasso Case
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The new SEC regulations will cost brokers billions -- and could force them to sell their mutual-fund arms
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Asbestos:

James Hardie Shares Surge on Lower Asbestos Claims Speculation
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5 asbestos cases pending -- The post-Wolin era involving asbestos bankruptcies in Delaware promises to be tumultuous
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Accounting:

Accounting still vague 2 years after reforms-study
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Item To Reveal Tax-Shelter Users Cut From US Bill
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E&Y signals 2005 return to consultancy market
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Charges for Ex-CFO of Network Associates
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  Steel:

Judge overturns winning bid, declares ISG high bidder
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Enron:

Enron bankruptcy ruling seen by July 15
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An angry California sues Enron -- `We want our money back'
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Vulgar Enron E-Mails Linked to FERC Site
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FERC Seeks To Include Enron Tapes In Cases Against Co
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California sues Enron over energy scandal
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California sues Enron over energy pricing
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Tapes of Enron traders to get federal review
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Calif. attorney general sues Enron for alleged price manipulation
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Telecoms:

Telstra, PCCW Buy Reach Debt for 26 Cents in Dollar
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Bankers Disappointed At US$900 Million Reach Loan Haircut
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Valuable U.S. Airwaves Seen Auctioned in Early 2005
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Energy:

Mirant Appoints Curt Morgan Chief Operating Officer
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Credit card late fees gouging users
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Nursing home owner eyes sales
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Smog Credit Trader Held in Fraud Case
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Pollution credit designer arrested
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Ex-Decora workers attend hearing
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Is Kmart chief out to make a killing?
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Nonprofit hospitals distorted charity care: suits
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Fleming workers to get $3.1 million
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Pork-filled, $155 billion corporate tax bill passes
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Schools appear to be stuck with exercise equipment tab
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Using credit cards to pay off mortgage balance is a no-no
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Boston: Chiofaro wins round in court
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Three reports point to recovery with staying power
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Bankrupt United Steel Products wins court reprieve
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Riverside buys Sports Court
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Philadelphia: Law firm to lower foreclosure fees
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Homestead exemption for elderly tossed out as unconstitutional
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Bishop's letter tells parishioners bankruptcy may be 'only option'
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DT gets final DIP approval
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Lawyers: Tucson diocese prepping for bankruptcy filing
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IRS Explains Collections Strategy and Practitioner's Role
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Mortgage Delinquencies Lowest in 4 Years
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HealthSouth Announces Success of Consent Solicitation for 7.625% Senior Notes Due 2012
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Pension plans billions short; airlines, steel in worst shape
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Sedalia Grill files for Chapter 11 protection
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AstroPower Seeks Ch 11 Auction For Spanish Unit
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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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Pleading the Preference Claim: Is It Getting Easier for the Bankruptcy Trustee?
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Vast majority of credit reports contain mistakes, survey finds
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Conseco to cut 300 Carmel jobs
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UK:

British Energy in the black again
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Kevin Maxwell given 45 days to find 1m
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Maxwell escapes bankruptcy
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Auditors Negligence -- Duty of Care
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Government 'Has Something to Hide' on Equitable
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Insolvency awareness urged
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KPMG sets bidding deadline for ski centre
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Hollinger Delays Report amid Media Firm's Threat to Default
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PwC and partner face flack over TransTec audit
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Russia:

Yukos must pay tax claim
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Magnate's trial a sham, lawyers say
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Moscow court upholds tax claim against Yukos
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Yukos Hearing May Let Russia Demand $3.4 Bln Tax Bill
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Putin: No bankruptcy for YUKOS
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Yukos's Tax Proposal Offers to Alter Owners, Managers
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Russia's rich go to low profile
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State set to finish off Yukos - Russian newspaper analyst
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Germany:

Corporate failures in Germany on the rise
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Indonesia:

APP admits fraud in debt-for-equity vote
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APP admits staff connection in equity swap
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France:

Alstom Warns of Potential For More Restructuring Moves
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Korea:

Sinochem to Acquire Bankrupt South Korean Refinery
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Dishonored Bill Ratio Hits 14-Month High
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LG Card May Post $432 Mln Loss in 2004, Delaying Sale
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Creditors to Select Preferred Bidder for Ssangyong Motor by July
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Argentina:

Argentina Bondholders Seek IMF Help in Talks on Debt
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Canada:

Office vacancies stuck on hold
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Taiwan:

Procomp crisis leaves questions
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