March 19, 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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Courts battle over bankrupt Daisytek
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Enron:

Skilling's request on frozen assets denied
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Enron boss fails to free assets
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Enron Examiner: Lay Should Have Known About Problems
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Ex-CEO of Enron spent big on lawyers before assets frozen
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Judge puts off Fastow's sentencing
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Bolivia suing Enron for $130 mln over gas pipeline
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Nevada Power Co. sues other utilities
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Pre-Bankruptcy Planning From the Debtor's View in 2003
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Lessor issue may go to High Court
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Telecoms:

Allegiance Telecom Files Plan of Reorganization
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Recent Filings
AL 1
AZ 1
IL 1
NY 4
PA 1
TX 2
UT 1
WA 1

Steel:

Havens Steel Files For Bankruptcy
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K.C. company's bankruptcy stops arena steel work
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Rouge Seeks To End Benefit Plans For Salaried Workers
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Ivaco wins court order ending truckers' boycott
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Corporate Reform:

Adelphia Planned Bed & Breakfast With Antiques
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DOJ pressures corporate wrongdoers -- Wants documents in return for leniency
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SEC Shows New Interest in Massive WorldCom Bond Issue
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US SEC opens probe into banks' backing of WorldCom
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Jurors in Tyco trial begin deliberations after five months of testimony
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Indicted CEO Turns TV Preacher
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Martha Stewart's Resignation Helps Brand
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The SEC has asked financial firms for data on derivatives deals with corporate insiders to see if sales were properly disclosed
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The NASD is investigating six large securities firms for possible misconduct in their sales of so-called 529 college-savings plans
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Trustees' Battle Seen for Bank of America
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BofA's settlement with Spitzer and the SEC should have included charges against more senior execs
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Bank of Montreal replaces U.S. advisory firms for three big mutual funds
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Earliest date for Rosemont casino opening: May 2005
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Rosemont casino decision runs into a 6-week delay
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Isle of Capri not rushing on Chicago casino debt
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Footstar to close more stores, relocate division
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Footstar Begins Inventory Clearance Sales at 163 Underperforming Locations
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Firms tap new issue market as borrowing costs slide
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Judge OKs Homestore's $93M Settlement
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Steer Clear of This Bankrupt Path
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Credit-card debt piles up for American retirees
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  Airlines:

United to exit bankruptcy later than planned
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Examiner supports UAL on retiree benefits
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AFA Reports United Concealed that Changes to Retiree Health Care Were Likely
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United Airlines, Flight Attendants Spar
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United retirees' claim discounted
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Liquidation of Air Canada possible if Victor Li walks
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Air Canada stock falls on investor pullout threat
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Grupo Sinergy to Bail Out Airline Avianca
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European Aviation Group to Cut 80 Percent of Staff
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Asbestos:

Miss. Court: Owens Corning Has No Claim
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Workers say changes needed in asbestos resolution
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Victim gives tough evidence at asbestos fund inquiry
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BNS to seek shareholder approval to sell assets
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Energy:

Seitel Plan Confirmed
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Seitel to shift into recovery mode
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Pacific Gas&Electric sells $6.7 bln bonds
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NorthWestern Corp. is on road to solvency
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Reorganization plan will benefit utility customers
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Law:

Sensenbrenner rakes judges over coals
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Troutman Sanders Law Firm May Join Downtown Atlanta Exodus
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As Other IP Boutiques Falter, Finnegan Moves Forward
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Law Firm-ology 101
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4 leaving Phelps Dunbar
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A Lateral Partner Joins Clifford Chance, Bucking a Trend
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Lawyers lose bid to block wrongful death suit over murder at law offices
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Plot a career course that includes your hopes and dreams
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Lawyers Bolt Boardroom as Liability Grows
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Accounting:

Is KPMG Judgment-Proof?
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Shell slashes its reserves again
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IRS Warns Frivolous Arguments Are Growing Problem
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PCAOB Creates Office of Internal Oversight & Performance Assurance

UCLA Rattles Accounting Students With Program Changes

Can your company deduct bad debts?
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Former senator sues Conseco for alleged insurance fraud
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Bankruptcy stalls $20 million suit
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Bankruptcy and the Sarbanes-Oxley Act
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When daughter lost dad, she inherited credit debt
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Lenders might get assets of bankrupt Crown Pacific
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Bankruptcy Court Judge Opens Bidding For Bess Eaton
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Court to take up Illinois casino plan May 17
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Moody's affirms Isle of Capri ratings
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Polaroid will pay out $3.2M for overcharging agencies
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankrupt Spokane, Wash., Securities Firm May Pay Executive $80,000 a Month
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Buyer of last resort
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Kmart:

Kmart posts first profit in 3 years, but sales drop
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Kmart's getting lift from Martha
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Chairman Lampert Reaps $128m As Shares Rise
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Court backs Hicks Muse on derivative claims
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Gambling With Bankruptcy
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Weekly Jobless Claims at Three-Year Low
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Deaconess deal is dead due to insurers
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Bankrupt clinic doctors waiting for pay
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Floundering Oneida Ltd. faces many 'ifs'
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UK:

Light at end of tunnel for Leeds
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Leeds on brink of an agreement
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Assurers will resist pay-out for Equitable
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Wimbledon saved from liquidation by takeover
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Britain invaded by plastic!
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Budget targets tax avoidance schemes
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Italy:

Prosecutors seek indictments in Parmalat scandal
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Additional Parmalat Stories

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Korea:

Net Foreign Credit Hits Record High of $67 Bil.
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Bad Bank to Produce Bad Borrowers
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China:

Big-city nouveau riche
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Germany:

German insolvencies hit record
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Argentina:

Creditors want US judge to get tough on Argentina
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BNL to Sell Argentine Unit as Restructuring Stalls
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Argentina confirms its recovery as economic growth reaches 8.7%
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Argentine economy sees call for bond restructure
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Argentina's Banco Galicia Extends Debt Offer To April 15
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Canada:

Taxman has first dibs on fest's assets
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Australia:

Retirement spurs Elliott case
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Japan:

Shinsei faces $7bn EIE lawsuit
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LDP lawmaker Uozumi declared bankrupt
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Thailand:

Thai Fin Min Expects TPI Debt Plan To Conclude In 1-2 Months
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Colombia:

Fibratolima in the hands of its creditors
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