March 17, 2004 

Daily Bankruptcy News

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

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Enron:

Order gives Enron shareholders a break
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Enron Probe Has Lesson For Lawyers -- Take a big picture view of complex projects
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ChevronTexaco's tax break request ignored
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Hopes dim for ChevronTexaco to buy Enron tower
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Lea Fastow sentencing date stands
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2004: The year of exit financing?
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Accounting:

Justice Department looks at Shell reserves issue
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Shell Considers Hiring Former SEC Head as Consultant
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EU toughens auditing rules to fight corporate fraud
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Take-Two Founder Resigns Amid Probe
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British Accountants' New Regulator Still in Limbo
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Deloitte's Tinkler Outlines Three Elements To Creating An Ethically-Managed Company
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Law:

Law firm will pay $675,000 in whistleblower lawsuit
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Lawyer disqualified for reading opponent's document
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Finding and Using Opposing Counsel's Notes of Expert Witness Interview Results in Disqualification
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Merged Firm Partners Find Bigger Is Better
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Top Firms Stage California Gold Rush
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Pied" Piper Draws More Partners From Rivals
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Federal Appellate Caseload Grows to Record High
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Energy:

Bailout of PG&E upheld - State PUC denies requests for rehearing
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PSC lawyer: NorthWestern Bankruptcy plan insufficient
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Pacific Gas Elec $6.7B Deal May Be Double-Edged Sword
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Energy-trader Mirant to miss deadline for filing annual report
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PGS Updates Status Regarding Implementation of Fresh Start Reporting Under U.S. GAAP
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Asbestos:

Asbestos bill heads for showdown
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European insurers face new wave of asbestos claims
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'Ample funds' for asbestos
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Tough evidence at asbestos fund inquiry
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Reducing Costs by Terminating Retiree Benefits in Chapter 11
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Dunkin' Donuts parent fights Bess Eaton offer
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Dunkin' wants Eaton, but Hortons has edge
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School turnaround consultants score wrath of St. Louis
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Bankrupt Your Husband to Keep Him Yours
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  Telecoms:

Banks had early WorldCom credit concerns
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Worldcom's Credit Worried Analysts In 2001
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MCI to Have Split CEO, Chairman
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WorldCom details changes at the top
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Leap expands flat-rate wireless offerings
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Weil, Gotshal & Manges LLP Advises MCI in Agreement to Sell Embratel to TELMEX
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Airlines:

Alaska Airlines pilots call off talks on salary concessions
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Steel:

Wheeling-Pitt posts fourth-quarter loss of nearly $24 million
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Improving economy sees default-free February
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Federal Reserve keeps rates locked in place
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9th Circuit Raps California Lawyer for Bankruptcy Misconduct
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Corporate Reform:

Actress jet-setted with fraudster
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Prosecution Compares Tyco Chiefs to Thieves
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Christmas trees, golf courses are focus of recent testimony in Adelphia trial
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Martha's firm making plans to do without her
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Prosecutors slam ex-Tyco executives in closing
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Alexis Stewart says she doesn't want mom's job
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Don't Expect Fed To Limit Banks' Bad Behavior
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SEC Poised To Consider Rules For Asset-Backed Securities
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Citigroup gave Chairman Weill a 2003 bonus of $29 million
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As Scandals Mount, Boards Of Mutual Funds Feel the Heat
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Morgan Stanley Unit to Unveil Soft-Dollar Ban for Research
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HealthSouth Says Annual Report to Be Late
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Seniors are saying, 'Put it on the plastic'
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Adelphia tug-of-war continues
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More creditors blast Adelphia restructuring plan
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RCN Names Patrick Hogan Chief Financial Officer
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Bankruptcy court calls for ECC Inc.’s liquidation
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The Kids Aren't Alright
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Republicans May Try to End Fixed-Rate Student Loans
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HUD Issues Scathing Audit Of Loan Spending
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Moody's issues report on US Jan credit card loans
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US Credit Card Loan Quality Improved In Jan '04
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Debt? Deficit? No worry, says Greenspan
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bad times in bankruptcy
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Women First exploring sale, bankruptcy protection
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FAO must repay $500,000 loan to bankrupt toy retailer
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Judge OKs Ormet professionals conflict compromise
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Crown Pacific says creditors may get assets
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State official: Eastern mills could be back in bankruptcy court
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Bankruptcy Attorney Accused Of Fraud & Money Laundering
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Fey blames hospital for pal's suicide
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Rosemont may have to wait
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Isle of Capri wins license auction
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Smooth Sailing for Isle of Capri?
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Ill. Atty. Genl. wants more info on casino auction
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Bank of America Could Cut 13,000
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Virginia town watches more jobs evaporate
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UK:

NATS to be led by restructuring expert
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When Debts Turn Nasty
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Kelly washed her hands of Equitable woes, say MPs
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£2M debt as pig king goes bust
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Debt and feud spell the end for pork producer
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Britain addicted to credit on plastic
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Italy:

Parmalat Will Ask Creditors for Debt-Equity Exchange
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Additional Parmalat Stories

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Korea:

1 in 2 Credit Defaulters to Be Rescued
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Business Failures Nationwide Rise in February on Monthly Basis
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Argentina:

US Court Denies Bondholder's Motion Vs Argentina Multicanal
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Brazil-Argentina, a sole voice to restructure a US$ 500 billion debt
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Brazil, Argentina unite to demand IMF change investment rules
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Canada:

CSII Creditors Approve Plan
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Boutiques San Francisco's creditor protection extended
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South Africa:

Insolvency legislation still needs tinkering
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Master's office to challenge Krion liquidators' co-operation contract
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