March 23, 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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Enron:

J.P. Morgan, Citigroup Sued by BayernLB, Other Banks Over Enron
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Talks between investors, lenders falling apart
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Two-Year-Old Enron Grand Jury Still on the Job
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Enron Mediation Talks Fail to Resolve Bank Dispute
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3 ousted in shakeup at Bankruptcy Court
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Energy:

Houston Seismic Data Firm Seitel Narrows Focus in Comeback from Bankruptcy
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Steel:

Havens bankruptcy could delay arena completion
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Stelco insolvent, judge rules
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Asbestos:

Lloyd's Equitas reaches claims deal with Travelers
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Equitas £132m to settle US claims
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Safescript:

Pharmacy company files for bankruptcy
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Safescript Pharmacies, Inc. Files to Reorganize Under Chapter 11 Bankruptcy Protection
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Safescript Pharmacies files for bankruptcy
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Accounting:

Executive Files Suit Over a Tax Shelter
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IASB Seeks Reform of Oil Co. Reserves
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Facing off with the IRS Tax Court
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Bankruptcy Court Interprets "Top-Hat" Plan Requirement Liberally
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Tony Erpenbeck Bankruptcy Warning
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Optibase Ltd. Buys Media 100 Assets For $2.5M
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A third of farmers lack health insurance
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The Enforceability of Electronic Confirmations in Derivatives Contracts
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General Motors Profit Seven Times Bigger From Finance Than Cars
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Court sets Fair Grounds debt
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Oakwood creditors approve reorganization, sale
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Oakwood Homes Corporation Announces That a Sufficient Number of Classes of Creditors' Claims Have Accepted Reorganization Plan (
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Factory 2-U Stores hires CFO
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Isramco, Inc. Announces Successful Bid to Purchase Luxury Cruise Liner
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Whitestown now will own local utility, bankruptcy judge says
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Creditors challenge arena payout
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Trial begins in lawsuit blaming Campbell for Vlasic's demise
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Bess Eaton Suitor To Keep Jobs
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Defection-plagued CSFB hangs on
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New Federal Laws Could Cause Fast-Growing Credit-Security Industry to Sputter
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Latest Suitor Makes Offer for Abandoned Pulp, Paper Company in Bangor, Maine
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The Year of Mammoth Exit Financings?
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  Airlines:

Bankruptcy court OKs Air Canada purchase of two Airbuses, deferral of others
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Judge raises spectre of Air Canada liquidation
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Judge puts new pressure on airline creditors
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Benefits backpedal anticipated
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US Airways to Update Employees
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Swiss gives reassurance on financial health
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Stewart jail unlikely to be Club Fed
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Corporate Reform:

Witness says Rigas wired Adelphia funds to himself
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Ex-manager warned Adelphia founder on expenses
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Execs Entitled to Coverage to Defend Civil Suit
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Judge Tells Adelphia to Reimburse Rigas Defense
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Adelphia became 'piggy bank'
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The Shareholder Revolution Heats Up
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Jurors Ask to Review Bonuses in Tyco Trial
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Telecoms:

MCI asks court to OK Embratel sale to Telmex
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WorldCom Rejected Embratel Bids on Approval Risks
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Slim Helu family builds 5 percent Global Crossing equity stake
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Some Banks Time-Barred from WorldCom Class Action
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Law:

Clifford Chance vote backs partner expulsion policy
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Morgan Lewis set to open Paris office
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Entry-Level Hiring at Law Firms Declines Lateral Hiring Also Off
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Fla. Lawmakers May Vote Today to Curb Lawyer Advertising
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Gibson Dunn in NY Clifford Chance raid
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3 Federal Judges Are Sued Over Ethics
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Time for Change at Philadelphia's 'It' Firm
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The one-stop shop? It’ll never catch on over here
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NY Firm Names New Co-Chairman
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Justin Spendlove at Fried Frank
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Top Firm Sued Over Benefits for Same-Sex Couples
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Path to Partnership Gets Longer in Florida
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Lawyer, Firm Told to Pay Referral, Damages
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Bankruptcy boom slows in Indiana after record levels
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Kaiser sets Alpart auction, says alumina settled
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Alcan Confirms Alumina Supply Contract With Kaiser
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Cruise ships to be sold in bankruptcy auction this week
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Summit Corp. Asks for Deadline Extension to File Plan
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory (Updated)

Recent Ch. 11 Filings
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New - DBN Subscription Required)

Weird News
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Tulsa, Okla.-Based Food Distributor Files for Bankruptcy
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Euro Disney Gets Two-Month Waiver Extension From Lenders
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UK:

The pain at Elland Road is not over
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Dolly creator in fight for its life
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Leeds 'need three to four years for recovery'
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Former Leeds star apologizes for gross mismanagement
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New Leeds board end players' wage deferrals
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BoI Stock Plunges 10.5 Per Cent On BCCI News
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Pay up or get arrested!
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Revenue wins extra cash to chase the rich
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Current Distressed Companies Update
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At Least 30 British Investors Fall Prey to Fraudulent Financial Adviser
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Assets held by a company in liquidation were not held in trust
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Increase in thresholds for “small companies” in insolvency
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Preferential creditors rather than the liquidator had the right to bring claim against a debenture holder paid floating charge realizations mistakenly thought to be subject to a fixed charge
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Winding up petition restrained owing to genuine and substantial dispute
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Canada:

Ottawa, provinces weigh creditor-proof RRSPs
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Former B.C. cabinet minister resigns from Doman board
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Ponzi investors livid over feds' laxity
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Argentina:

IMF loan hopes boost Argentina
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Argentina Gets $3.1 Bln Loan Installment, IMF Says
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Italy:

Bank of America Knew Parmalat's Problems
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Additional Parmalat Stories

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Australia:

Director fined millions
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Elliott faces bankruptcy again
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Bulgaria:

Court acquits former bankers in bankruptcy case
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Germany:

German Prosecutors Investigate Entrepreneur Windhorst for Fraud
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France:

The perils of closing factories in France
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Denmark:

Denmark is not an EU Member State for the purposes of the EC Regulation on insolvency proceedings
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