November 18 , 2004 

Daily Bankruptcy News

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

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Airlines:

AA takes soft option on cost cuts
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JetBlue has no interest in ATA gates
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Independence Air pressured - fiduciary responsibility" to avoid a bankruptcy filing?
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Judge to reconsider four-month, 21 percent pay cut
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Airlines may face national strike
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Swissport workers' double whammy
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US airlines on pace for record travel in 2004
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Avianca cuts debt to $44 mln in restructure
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Big U.S. Airlines Hunt Profits on Overseas Routes
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Hundreds Rally for AFA Strike Threat
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Atlanta economy will feel Delta's misery
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Enron:

Enron Defendant Worked Alongside Attorneys to Win Acquittal
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Enron Plan Becomes Effective as Pipeline Sale Closes
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Enron's Ken Lay blasts investigators
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Enron Closes $2B Sale of 3 Gas Pipelines
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Feds scrutinize sale of stock by Lay's wife
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Enron Corp. bankruptcy plan effective; $2B pipeline sale closes
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Catholic Dioceses:

Bishops Gather at Annual Meeting
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Phoenix diocese: Parishes part of it -- Legal argument differs from local diocese's position
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Kmart:

Kmart, Sears in deal to survive
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Mastermind of Kmart deal
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Leaner, meaner and focused
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Real estate investment firm's move may have spurred Kmart executive to act
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Lampert rolls with the risks
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The anti-Wal-Mart
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Lampert makes millions by mining undervalued firms
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Shareholders may not profit from a Kmart-Sears merger
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Kmart deal shakes retailers
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The Lampert factor
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State feels jilted by Kmart
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Workers worry that merger may eliminate their jobs
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Dissecting the Merger
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Analysts say Lampert excels as a dealmaker
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Analysts see partnership as a merger of unequals
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Merger May Be Land Rush
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Identity crisis at Sears
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Takeover bids are back
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Ed Lampert: From Trader to Owner
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Not Everyone Loves Kmart-Sears Deal
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Tired pair join to take on Wal-Mart
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Analysts asking if man behind Kmart-Sears merger values companies
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Law:

Cravath opens partnership to record number of rising stars
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Wolf Block Raises Associates' Starting Salaries
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Associate Can Sue Firm Over Paltry $150,000 Bonus
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Consultant Takes 5th in Indian Casino Case -- Tribe Sues Law Firm
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BP pledges to boost legal team in full-scale review
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Firm Lays Off Associates
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9th Circuit Feels Pro Se Pressure
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BP demands key billing information in return for work
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UK firm's new head in get tough pledge, de-equitisation an option
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N.Y. Town's Suit Against Winston & Strawn Is Moving Forward
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Disbarment Urged for Metro Lawyer Over Staffers' Fraud
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Microsoft Accused of E-Mail Scorched Earth Policy
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Lovells Prepares For Managing Partner Vote
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China wows foreign firms with its growth potential
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London law firms shun final salary pension schemes for their staff
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Clifford Chance launches global IT shake-up
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What has been done in one firm to bring portal technology from the drawing board to reality
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DOJ Pays $11.5M in Reverse Discrimination Case
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Dutch courage
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Run rabbit
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CRM SMS
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Porpoises with a purpose
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Effective client relationship management systems can transform the way a law firm serves its clients
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Richmond, Va., law firm to move to new office
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Paul Hastings Names 14 New Partners
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Legal departments could be putting their companies at risk by failing to protect e-mail correspondence from being destroyed
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Senior partners see benefits of IT
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Asbestos:

Federal-Mogul's UK pension votes down rescue plan
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Will a UK government policy shift have a pernicious impact on the complex negotiations between the trustees of the Turner & Newall pension fund and Carl Icahn, the US financier trying to reorganize Federal Mogul
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An 11th-hour extension was granted last night to the voting deadline on a restructuring plan that could have big implications for 40,000 pension fund claimants at T&N and former employees of the car parts maker who might have asbestos-related claims.
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Other British firms may be burdened with Turner & Newall's retirement fund
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Breakthrough allows Hardie talks to move on
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Accounting:

Sen Grassley To Pursue More Limited US Tax Reform
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Big Four finds lucrative market in Europe
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Atty Says DVI Ch 11 Plan Limits Lawsuit Shields
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Gosman gives up Palm Beach digs
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Jury to decide Morris' fate
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Steel:

Stelco execs to decline proposed 3% equity stake; union puts GM deal in doubt
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Labor deal at Stelco mill won't be reached by GM deadline, union says
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Corporate Reform:

Pilgrim, Baxter Founders to Pay $160M in Settlement
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Recent Going-Concern Statements
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Mining bankruptcy conversion ordered
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Commerce One Selling Intellectual Property Assets
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Bankruptcy judge banks on early education
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UK:

Mothercare profits fall
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Sainsbury's woes deepen as it adds up first ever loss
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In-house teams review privilege policy after Three Rivers ruling
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Price of pension protection change
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British labor market takes turn for worse
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Greece:

AEK Athens saved from bankruptcy after debt write-off
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Canada:

Save Alice, town cries in its need
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Russia:

They show up to search and we don't know why'
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Sale of Yukos Unit Could Settle Tax Bill
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YUKOS to face new tax problems
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Yukos negative assets soar 170% in Q3
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Yukos '03 Tax Claim "Slightly" Higher Than '02
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Russia Sibneft faces $733 mln tax bill for 2000
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New Zealand:

Creditors of Chinese forestry company left out of pocket
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India:

Indian banks get new power over defaulters
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Italy:

Bank of America threatens Parmalat with legal action
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