March 16, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Enron:

Enron examiner makes millions from bankruptcy
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Enron investigator blames 'integrity failure' for collapse
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Enron a quiet seller in deal for Hanover business unit
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Fastow's Help May Produce More Enron Charges -U.S.
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Examiner: Greed sank Enron
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Task force urges light sentence for Lea Fastow
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Before a Fuel-Cell Deal, Enron Lobbyists Met With Rowland
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The Garbage and the Governor: Enron in Impeachment Inquiry
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Ex-Enron chief Skilling asks U.S. judge to unfreeze his assets
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Amerco:

Amerco Emerges From Chapter 11, Enters Credit Pact
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U-Haul parent exits bankruptcy
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Accounting:

Nortel suspends two top executives
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Deloitte explains to SEC its break with I-many
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IRS Chief Announces Int'l Pact to Fight Tax Abuse
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Big Four told to 'out' tax avoidance schemes
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Keep This In Mind: IRS Audit Statistics
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SEC Seeks Uniform Worldwide Rules
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Steel:

Judge ends health care coverage for 9,000 Weirton Steel retirees
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Judge Orders April 1 End of Benefits for Weirton Retirees
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Rose Garden woes may wilt arena financings
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Tower Records:

Tower Records Emerges From Bankruptcy In Delaware Court
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Tower Records spins out of bankruptcy
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Tower Records changes ownership
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Former Hawaii developer returns with a vengeance
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Search for buyer for two paper mills continues
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RCN Continues Restructuring Talks; Delays 10-K Filing
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Investors in bankrupt Metropolitan Mortgage get few firm answers to concerns
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Met Mortgage meets with creditors
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Collusion made debtor liable for judgment debt

Houston: Delinquent tax bills may affect city contracts
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Survey shows more hiring
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Chronic unemployment the worst since 1983, study shows
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Judge Approves San Antonio Symphony Reform Plan
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Delinquencies hammer Colo. credit unions
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Isle of Capri Casinos, Inc., Selected as Successful Bidder for the 10th Illinois Casino License
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Harrah's loses Illinois casino bid
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Rosemont wins state's 10th casino
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Casino selection needs bankruptcy court OK
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FTI Consulting Announces Management Changes Names Chief Risk Management Officer and Practice Leaders
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Restructuring professionals a rising cost in Richmond's efforts to avoid bankruptcy
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Bankruptcy Attorney Clark Faces Fraud Charges
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Is recovery without jobs the norm?
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Workers see few benefits from pro-business policies
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Where Are The Jobs?
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Off-Shore Job Drain: A look at the proposals to stop the outflow of manufacturing work
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  Airlines:

Court ruling favors Hawaiian Airlines over former CEO
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Adams dealt setback in bankruptcy suit
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Northwest Airlines Pilots Union To Poll Members on Cost Cutting
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Memo to Milton: Why not call it Paradigm Lost?
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Air Canada Plans to Lay Off 145 Mechanics
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Delta shares slip to 1-year low on terror fears, high fuel costs
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S&P says may still cut US Airways ratings
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Mr. Moneybags
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Creditors take over Tower Records
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Law:

Taxing Times for Jenkens & Gilchrist
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Growing Pains
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Applying problem-solving skills to management of law firm
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Report IDs traits of a 'rainmaker'
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Training Lawyers to Sell -- For Real or B.S.?
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In coupon settlements of lawsuits, are dollars off a rip-off?
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Clifford Chance securities chief quits for Gibson Dunn
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Law Firm of Tomorrow: ’The Practice’ With Engineered Genes
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Clifford Chance New York sees global leader quit
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Cadwalader force-fed Lehman’s ‘humble pie’
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Law Firm Sells Itself on Stock Exchange
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Allen & Overy shakes up M&A team
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National Law Firms Are Establishing 'Homeland Security' Practices
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Courting Legal PR Winners
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Cadwalader, Wickersham & Taft Leases 460,000 Square Feet at Brookfield's One World Financial Center
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Telecoms:

WorldCom sells stake in Brazilian telecom
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Mexico's Telmex Widens Latin Expansion With Embratel Buy
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Trouble looms for MCI sell-off
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WorldCom Approved Telmex Embratel Offer Based on Many Factors
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Consortium, shareholders to contest Embratel sale
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Tough questions ahead for bankrupt OneStar
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Williams Cos. Pays Off Debt of Its Failed Telecommunications Unit
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Corporate Reform:

Mistrial motion in order, Adelphia judge says
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Putnam parent says probe deepens
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Coping With Sarbanes-Oxley
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Actress Tells of Flying on Adelphia's Planes
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Defense Attacks Claims of Tyco's Ex-Directors
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Martha Retreats but Doesn't Withdraw
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Martha's New Title May Be Meaningless
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$675M Deal In Mutual Fund Scandal
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Armstrong Teasdale's Engel on National Benevolent's creditor committee
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Greenspan Shifts View on Deficits
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Entrepreneurs catch falling Five Star eateries
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Carraway wins reprieve from creditors
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Court Sets Confirmation Hearing Date for Exide Technologies
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XtremeSpectrum files for Chapter 11
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Wolkowitz v. Redland Insurance Company, et al. -- A bankruptcy court's allowance of a claim in an uncontested proceeding does not satisfy the damages element of a legal malpractice claim
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New Bankruptcy Opinions
(6 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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St. Louis Roiled by School Turnaround Gambit
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Big Rivers bankruptcy lawyer repays $909,700, examiner fee ending fight
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Still in limbo: One year into Chapter 11, Eddie Bauer's fate unclear
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Under the crush of debt
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Asbestos:

Hunt Valley's AAI joins fight for federal asbestos legislation
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Halliburton CEO's salary up, bonus down in 2003
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Travelers agrees to settle asbestos suits
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Inquiry to probe Hardie asbestos compensation
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The financial ups and downs of eight twentysomethings
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National Lock retirees lose health benefits
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Energy:

NorthWestern says Netexit unit may seek bankruptcy
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NorthWestern Reports 2003 Financial Results Reports Loss of $128.7 M
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Distressed-loan specialty catapults Capital Crossing
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Utah bankruptcies down 12.5% for January and February
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Troubled Bess Eaton Bakery in Bankruptcy Court Today
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Lehman's Profit More Than Doubles to $670 Million on Bond, Equity Sales
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LaBranche May Use Credit, Sell Investments to Repay $100 Million in Debt
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N.J. insurer's failure jolts thousands
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UK:

Equitable protesters await key hearings
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Minister faces Equitable grilling
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How tax avoidance becomes evasion
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Canada:

With bankruptcy looming, waterfront cash late from Ottawa
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Doman plans to reopen Port Alice pulp mill for at least five weeks
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CSII Announces Certain Developments in Connection With CCAA Plan of Arrangement and Reorganization
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Cable Satisfaction says stock may end up worthless
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Thailand:

Thai TPI Polene To Wipe Out Retained Loss By 2Q
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Korea:

LG Card Considers Credit Bureau To Buoy Risk Mgmt
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South Africa:

RAG will not cost McCarthy or Bidvest
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Australia:

Elliott selling family silver
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For sale : John Elliott's $15000 beer tankard
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Italy:

Deloitte Failed to Challenge $7 Billion Loan to Parmalat Unit
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Brazil court upholds intervention in Parmalat unit
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Parmalat developments on March 15
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Israel:

Arie & Ofer builders get court protection
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Philippines:

Is stay under the rehabilitation rules automatic?
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