March 29, 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
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Airlines:

Workers, passengers stretch airlines too thin
(DBN Subscription Required)

Air Canada asked to revise pension plan
(DBN Subscription Required)

Air Canada faces turbulence to meet April 30 restructuring deadline
(DBN Subscription Required)

Union wants retention pay quashed
(DBN Subscription Required)

Air Canada Union Proposes "Action Plan" To Trinity Time
(DBN Subscription Required)

Air Canada To Seek Extension Of Bankruptcy Protection Mon
(DBN Subscription Required)

Congressional talks break down on giving companies pension relief
(DBN Subscription Required)

Boeing likes Carty, but says no to concessions
(DBN Subscription Required)

Angry impasse over pension legislation
(DBN Subscription Required)

Copa-Continental partnership may bid for Avianca
(DBN Subscription Required)

Budget carriers are gaining clout over air fares, blocking major airlines from raising ticket prices so they can recover sky-high fuel costs
(WSJ: separate paid subscription required)

Investors look for buys amongst US airlines
(DBN Subscription Required)

______________

Steel:

Slater buyer saves 50 more Hamilton jobs
(DBN Subscription Required)

______________

Accounting:

One Price Clothing's Independent Auditor Resigns
(WSJ: separate paid subscription required)

Mayflower Shares Drop; Account Irregularities Found
(DBN Subscription Required)

SEC Launches Formal Inquiry into Houston-Based Natural Gas Producer
(DBN Subscription Required)

$250M suit pits long-defunct Lawrence Insurance vs. KPMG
(DBN Subscription Required)

_______________

For sale: $7m, riverfront manse, 8 bdrms, w/pool
(DBN Subscription Required)

Investor's acts speed Cone sale
(DBN Subscription Required)

Trump, the TV star, tries to woo his creditors
(DBN Subscription Required)

Attorney pleads guilty to bankruptcy fraud
(DBN Subscription Required)

Visionland grabs for the gold ring
(DBN Subscription Required)

Goldman not yet extinct
(DBN Subscription Required)

Retiree's savings wiped out by online outlaws
(DBN Subscription Required)

Aging 'haves' pitted against young 'have-nots'
(DBN Subscription Required)

Bankrupt grocer Penn Traffic reaches financing agreement
(DBN Subscription Required)

Panel votes to pursue suit against Adelphia
(DBN Subscription Required)

Alleged swindler of $40 million taken back into custody
(DBN Subscription Required)

New directors are paid well by Conseco
(DBN Subscription Required)

Mob allegations threaten Illinois casino bid
(DBN Subscription Required)

Footstar says athletic segment CEO leaves company
(DBN Subscription Required)

Indiana's tax deadbeats to be exposed on Internet
(DBN Subscription Required)

All right, you call Mike Tyson Fairyboy
(DBN Subscription Required)

Judge instructs IRS to seize six Fiorini homes worth $1M
(DBN Subscription Required)

Cal-Bay Intl Auditor Issues Going Concern Doubt
(WSJ: separate paid subscription required)

When the wheels come off the wagon: Handling Ch. 11
(DBN Subscription Required)

Senators Plan Overseer for Loan Giants
(DBN Subscription Required)

Dade Behring Reaches Agreement on Bank Credit Amendment
(DBN Subscription Required)

New Procedures Governing Pro Se Involuntary Petitions

Use of Credit Records Grows in Screening Job Applicants
(NYT: separate free registration required)

Staten Island's bankruptcy filings increase
(DBN Subscription Required)

Bankruptcy Attorneys Don't See Strong Link Between Bankruptcy and Casinos

Employers help workers deal with personal debt
(DBN Subscription Required)

Dwayne "Pearl" Washington Files For Bankruptcy
(DBN Subscription Required)

Bay State follows national lead, sees jump in bankruptcy filings: Business bankruptcies see increase in state, a drop on national scene
(DBN Subscription Required)

Amarillo Grill founder repurchases four stores out of bankruptcy filing
(DBN Subscription Required)

Successor to Bankrupt Las Vegas Firm PurchasePro.com Seeks to Recover Funds
(DBN Subscription Required)

Aladdin reports profit in February
(DBN Subscription Required)

Another claim settled for Binion's casino
(DBN Subscription Required)

Don't go near firms in Chapter 11
(DBN Subscription Required)

Creditors sue Finova in Thaxton case
(DBN Subscription Required)

S&P cuts Kinetek corporate credit rating
(DBN Subscription Required)

HomeGold lawsuit accords sought
(DBN Subscription Required)

Delisted Speizman faces deadline on loan default
(DBN Subscription Required)

  Telecoms:

WorldCom to cut jobs, close call centers
(DBN Subscription Required)

MCI's layoffs partly blamed on no-call lists
(DBN Subscription Required)

MCI challenging EU ruling that halted Sprint deal
(DBN Subscription Required)

MCI execs cover tracks on layoffs
(DBN Subscription Required)

U.S. Wireless Data Files for Bankruptcy; Company to Sell Substantially All its Assets
(DBN Subscription Required)

_______________

Energy:

PG&E Poised to Exit From Bankruptcy
(DBN Subscription Required)

Gulf hides $10 billion hazard
(DBN Subscription Required)

Energy: Bankruptcy Code V. States' Regulatory Power
(Martindale: separate free registration required)

Scrapping oil rigs will plunge North Sea tax into red
(DBN Subscription Required)

Shell Engineer Ryder Scott Faulted in Lawsuit for Reserves Work
(DBN Subscription Required)

_____________

Law:

In the face of profit, law firm partnership ain't what it used to be
(DBN Subscription Required)

Innovation in Small Firm Marketing
(DBN Subscription Required)

Some Firms Now Offer Emergency Child Care
(DBN Subscription Required)

Help is just a phone call away: Attorneys, accountants use global networks to tap into resources their firms don't have
(DBN Subscription Required)

NY Corporate Practice Leader Quits, Joins New Firm
(DBN Subscription Required)

Law Firms Hiring Fewer First-Years
(DBN Subscription Required)

General counsel: More firms looking for internal guidance
(DBN Subscription Required)

Expansion efforts are under way at Philly law firms: Moves focus on client needs
(DBN Subscription Required)

Firms find value in outsourcing legal departments
(DBN Subscription Required)

Making a case for recovery: SF law firms grow revenue
(DBN Subscription Required)

Two law firms have a merger on their minds
(DBN Subscription Required)

Attorney Afraid of Client Ordered Back to Work
(DBN Subscription Required)

Contract attorneys can mean flexibility in a tight economy
(DBN Subscription Required)

Orrick Lease at Foundry Square: Firm sets precedent with SoMa deal
(DBN Subscription Required)

Lawyers Claim Bosses Cooked the Books on Attorney Pay
(DBN Subscription Required)

As Mercury Rises, So Do Dress Code Violations
(DBN Subscription Required)

Rainmaker Switches Firms; NY Leader Hires New Marketing Chief
(DBN Subscription Required)

Lawyer Launches Start-Up To Cash In on Settlements
(DBN Subscription Required)

______________

Corporate Reform:

Defense moves to dismiss charges against Adelphia execs, citing witness error
(DBN Subscription Required)

Empowering shareholders
(DBN Subscription Required)

Rigas Defense Moves To Dismiss, Citing Error
(DBN Subscription Required)

Tyco judge faces critical decisions
(DBN Subscription Required)

Board to Issue New Stock-Options Mandate
(DBN Subscription Required)

Throw the bums out
(DBN Subscription Required)

Median pay for CEOs tops $2 million a year
(DBN Subscription Required)

Prosecutors Seek Limit on Lawyer Comments in Scrushy Case
(DBN Subscription Required)

Tyco jurors sent home for break
(DBN Subscription Required)

The Tyco case may end up in a mistrial, but the twists in jury deliberations shouldn't give the defendants reason to celebrate
(WSJ: separate paid subscription required)

Dynegy Sentence a Warning for Crooks
(NYT: separate free registration required)

________________

Most Financial Advisers Wrong on Retirement Targets
(DBN Subscription Required)

New Hybrid Security Sparks U.S. Interest
(DBN Subscription Required)

Collection agency to pay $300,000 to settle FTC case
(DBN Subscription Required)

State sees red, probes debt service
(DBN Subscription Required)

Met Mortgage investors face IRA headaches
(DBN Subscription Required)

Jury awards millions in CFI Mortgage suit
(DBN Subscription Required)

Scrutinize credit-card fine print
(DBN Subscription Required)

Adelphia CFO in thick of cleanup
(DBN Subscription Required)

Owe no! Scammers out to get debtors
(DBN Subscription Required)

A cellar performance: Filene's Basement remakes itself following bankruptcy
(DBN Subscription Required)

Kroll investigators made mistakes
(DBN Subscription Required)

Fair Grounds gets new deadline
(DBN Subscription Required)

Gulf Pines Hospital's bankruptcy case dismissed
(DBN Subscription Required)

 

New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
(DBN Subscription Required)

Weird News
(DBN Subscription Required)

Asbestos:

Moving toward asbestos reform necessary
(DBN Subscription Required)

_________________

Assumption and Assignment of Patent and Copyright Licenses in a Bankruptcy Case
(Martindale: separate free registration required)

World Vision swindle ends with jail time: 'Extract a pound of flesh,' says creditors' attorney of punishment
(DBN Subscription Required)

Court Spells Out Landlord's Remedies Upon Tenant's Vacancy
(Martindale: separate free registration required)

Shells Seafood Says Auditor Raises Going Concern Doubt
(DBN Subscription Required)

Video producer files Chapter 11: Cal Image lost 'Big Spin' pact in '98
(DBN Subscription Required)

SystemOne Tech Auditor Raises Going Concern Doubt
(WSJ: separate paid subscription required)

Bankruptcy stigma still strong, yet debt continues to pile up
(DBN Subscription Required)

UK:

Insolvency chief backs reforms
(DBN Subscription Required)

Workers take fight for lost pay to US
(DBN Subscription Required)

Administrators tackle Leighton over role in collapse of Leeds
(DBN Subscription Required)

Bondholders prepare to challenge Telewest plan
(DBN Subscription Required)

A house, a house, my kingdom for a house
(DBN Subscription Required)

Actuarial clarity
(DBN Subscription Required)

_________________

Italy:

Parmalat to slash staff by nearly 50%
(DBN Subscription Required)

Revamped Parmalat sees scaling back to about 10 countries from current 30
(DBN Subscription Required)

Sale of Parmalat's Latin assets could be delayed
(DBN Subscription Required)

Top Italian sports officials probed in Fiorentina case
(DBN Subscription Required)

Deloitte Brazil Employee Raised Parmalat Red Flag
(DBN Subscription Required)

Parmalat to sell U.S. dairy, cookie units
(DBN Subscription Required)

Parmalat to retain Canadian presence
(DBN Subscription Required)

Parmalat To Offer Same Debt Terms To All Creditors
(DBN Subscription Required)

_____________

Argentina:

Bank group urges Argentina to negotiate
(DBN Subscription Required)

IIF sees 'difficult' Argentine debt talks ahead
(DBN Subscription Required)

_____________

Canada:

McWatters Gets Further Extension To Submit Creditor Plan
(DBN Subscription Required)

________________

Korea:

Troubled Loans Rise by 11%
(DBN Subscription Required)

Chinese investor pulls out of Ssangyong deal
(DBN Subscription Required)

Korean car maker sale falls apart
(DBN Subscription Required)

__________________

Japan:

Shinsei wants to settle $7bn EIE lawsuit
(DBN Subscription Required)

Japan's troubled firms to keep pressure on banks
(DBN Subscription Required)

______________

South Africa:

Pension funds inviolable, court rules
(DBN Subscription Required)

_________________

Zimbabwe:

Run On Deposits May Fuel Another Cash Shortage
(DBN Subscription Required)

________________

Middle East:

Teachers Pay to Get the Driver Out of Debtors' Prison
(DBN Subscription Required)

___________________

Poland:

In EU Poland, Prosperity Only for Some
(DBN Subscription Required)

_________________

Taiwan:

Bailout group predicts a tough slog for theme park
(DBN Subscription Required)

___________________

Australia:

Redundant workers get pay boost
(DBN Subscription Required)

KPMG ready to axe insolvency arm
(DBN Subscription Required)

One.Tel examination a 'fishing expedition'
(DBN Subscription Required)

_________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com