March 9, 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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Airlines:

Air Canada unions stand fast on pension issue as Trinity calls for talks
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Avianca gets court date to argue for more time
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Fifteen Months in Chapter 11, United Far From Done
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Li beckons Air Canada non-unionists
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Asbestos:

Fix the asbestos bill
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Cooper takes charge related to asbestos claims
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Company Sues Supplier in Unusual Asbestos Case
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Moody's cuts Chubb Corp. ratings
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Support Senate bill on asbestos litigation fairness
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Libby, vets deserve asbestos payments
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'Judicial hellholes'
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Halliburton: Refunding money to the government or withholding billing for its work in Iraq could "materially and adversely affect our liquidity."
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Corporate Reform:

$2 billion in borrowing by Rigases revealed in '02
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Rich and famous' hidden lifestyles revealed
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Stewart likely to leave her company's top post
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Martha Cooked Her Own Goose
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The System Served Martha an Injustice
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Please, No Tears for Martha
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Kmart reviewing ties to Martha Stewart
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Blunders that sabotaged her case
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The Strength Of Stewart's Convictions
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Martha Stewart Thanks Fans, Meets Probation Officer
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Kmart likely to stick by Martha Stewart's brand
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A Guilt-Edged Guide to Martha's Future
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Martha Stewart Still Faces Insider Trading Prosecution
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Martha Stewart Living's board met but didn't reach any firm conclusion about the future of the company's convicted founder
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Martha Stewart's Conviction Sends the Wrong Message
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Ex-Adelphia Director Testifies in Trial
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Justice by hook or by crook
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Guilty Verdicts Give Executives a New Focus: Risk of Prison
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Defense Begins Closing Arguments in Tyco Trial
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Insurer Must Pay for Tyco CEO Kozlowski's Criminal Defense
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Attorney for Tyco CFO Attacks Prosecution, Boies in Closing
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Enron's Unfinished Business
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Settlement talks are heating up for some fund companies that were named but not charged in Spitzer's share-trading probe
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SEC Boosting Big-Company Caseload
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Corporate Executives Face New Scrutiny
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RBC Economics debunks perception that North American household finances are in disarray
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S&P revises Intelsat outlook to negative
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  Medical center drops bankruptcy lawyers
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Fresh Farms has deal to pay largest creditor
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Hortons asks for Bess Eaton 'break-up' payment
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Enron:

Oregon Electric files with PUC to acquire PGE
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Law:

Latham raids Skadden for three-partner debt finance team
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Large law firms seem to go through top marketing professionals like Donald Trump goes through apprentices
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Through consortiums, firms can expand offerings while maintaining independence
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The Successful Lateral Move: A Balancing Act
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Litigation expert boosts Arnold & Porter in NY
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Wachtell represented both Martha Stewart and her firm in 2002 interviews with investigators, raising conflict-of-interest questions
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Lawyer Builds Practice Representing Troubled Rock Stars
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The Lawyer, the Widow and the Gypsies
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Women and Attorneys of Color at Law Firms and Senior/Staff Attorneys and School Term Clerks in Law Firms
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Telecoms:

Faced with cash crisis, Monet Mobile plans files for bankruptcy
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Monet Mobile seeks bankruptcy protection, will unplug net
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Many MCI WorldCom Shareholders Not Aware that WCOEQ and MCWEQ Shares are Likely to Be Cancelled
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Accounting:

Shell executives knew in '02 of shortfall
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Accountant Fights Crime With Stapler
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Jackson memorabilia surfaces in N.J.
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City rejects state plan, offers own school loan
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Avado: A $19 million problem for Ga. Tech's biz school
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Jobs Depart, Hope Lingers
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Flexible Solutions International Announces Agreement to Purchase Assets of Bankrupt IL Company
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Till Debt Do Us Part
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Show Your Political Support With Plastic
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Mortgage firm's liquidation is OK'd by court
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The Hare Krishna movement has filed a reorganization plan in bankruptcy court
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Flexpoint Sensor emerges from Chapter 11 bankruptcy
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Lone Star will pay $20M-$22M in stock for Texas Land & Cattle chain
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Mystery of the Missing Jobs
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Fewer small businesses plan to hire
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Outsourcing America's Future
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Call Centers Flee Eastern Kentucky
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Bean loses interest in Bauer
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Steel:

Surging demand lifts U.S. steel sector's bonds
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U.S. fund buys Slater's steel-bar unit
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Court Examines If Bethlehem, Pa., Steel Firm Gave 'Preferential' Payments
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Beth Steel creditors pressured to return pre-bankruptcy payouts
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Attorney's Fees Discharged By Client's Bankruptcy Conversion
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Advanced Glassfiber Yarns LLC Announces Confirmation of its Plan of Reorganization
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Sure Fit slipcover company files for bankruptcy
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Controversial Mine Owner, Operator Files for Bankruptcy
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Supremes Will Bite Into Commercial Speech Case
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Banks Paying Top Compensation Dollars
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Prandium to Sell Hamburger Hamlet
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Sportswear company Tropical Sportswear fights to survive
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Calling off the debt collector
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UK:

Equitable Life victims get no taxpayers' cash
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Additional Equitable Stories

Walkers insolvency ace wins in Caymans Parmalat action
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Current Distressed Companies Update
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Hutchison to Take Over 1.5 Bln Pounds of Phone Loans
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Bondi takes Parmalat battle to Ireland
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UK law firms served notice of new brief
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Firm that cloned Dolly the sheep faces bankruptcy
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3m men
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Argentina:

Argentina Deadline on $3.1 Billion IMF Payment Nears
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Argentina Faces Deadline To Pay Multi-Billion Dollar IMF Debt
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What if Argentina loses debt gamble?
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Argentina Verges on New IMF Default, But Deal Seen
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Argentina plays 'chicken' with IMF
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Australia:

WC Penfolds calls in the administrators
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SolNet creditors force change of liquidators
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Bond back after gem of a deal
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MandrakeSoft: Chapter 11-Like Exit Plan Filed
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Italy:

Parmalat review shows reporting difference
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Korea:

Bad debts hit South Korean lender
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