October 8 , 2004 

Daily Bankruptcy News

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

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Airlines:

Former Airline Exec Says Bankruptcy Laws Hurt Industry
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Airline Workers See Their Security Quickly Vanish
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Jet maker plans to lay off 2,000 in wake of airlines' slump
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Union: 23% cut in pay 'drastic'
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Court puts off ruling on US Airways' dire straits
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US Airline Bankruptcies To Hurt PBGC Fiscal Health
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The US Airways vote
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White-collar workers have been bailing on US Airways for better-paying jobs at low-cost carriers
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Major US airlines look to lucrative routes abroad
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US Airways, unions spar over proposed pay cut
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US Airways: Workers should not count on pension
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Smith Barney sees Delta bankruptcy soon
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US Airways unions say reserves stockpiled
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Delta Airlines struggling
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Chapter 11 called likely for Delta
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Airline pensions could rip safety net
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Brazil OKs Vasp Airline Debt Payment Plan
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Congress may help fliers stranded by airline
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Avianca pilots may buy airline with Arab sheik
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Dutch Airline V-Bird Grounds Aircraft On Fincl Trouble
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Accounting:

KPMG agrees to pay $115 million US to settle shareholder suit
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Recent US Earnings Restatements
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Pillowtex says auditor KPMG resigns
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Ex-Fannie Mae Accountant Admits Concerns
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Administration Balking at Corporate Tax Bill's Proposals
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Asbestos:

Legal advice opens way for Hardie proceedings
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Hardie lawyers under fire
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6-month deadline set for priest abuse claims in Tucson
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Penthouse Media Emerges From Bankruptcy
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The Big Gooch Is Gone
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New Penthouse team fleshing out content
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Bankruptcies Are Sinking Pension Agency
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Pittsburgh: City in crisis
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Commerce One Agrees to Sell Assets
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Troubled Lehigh Coal and creditors settle
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INTERMET Shares to be Delisted From Nasdaq
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Recent Going-Concern Statements
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CLLA Announces Support of Additional Bankruptcy Judges
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Malden Mills' German partner files for bankruptcy
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David Epstein Receives Lawrence King Award for Excellence in the Field of Bankruptcy
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Enron:

Judge: Conspiracy Likely in Enron Case
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Ex-treasurer says Enron sham a desperate act
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Telecoms:

AT&T Job Cuts a `Matter of `Survival' as Phone Carrier Shrinks
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Law:

Law Firms Gauge the Outlook for Outsourcing
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Sunshine State Managing Partners See Sunny Growth Picture
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Caps on Damages Create Impediments
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Firm Hires First Chief Marketing Officer
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NY Partner Quits ... Guess Who? ... Clifford Chance
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Pro Bono: Doing Well by Doing Good
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Pizza Inn Board OKs Fiduciary Duty Lawsuit Vs Former Counsel Akin Gump
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Wilmer Cutler raids Boston VC leader
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Corporate Reform:

Martha's in for a jolt
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Martha Stewart checks into prison today
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Former Silicon Valley CEO to face murder-for-hire charges
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Companies lay blame all around
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Krispy Kreme said the SEC has opened a formal investigation
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Finagling at Fannie
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The SEC is preparing actions against the American, Philadelphia and National stock exchanges for lax rule enforcement
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US Chamber Says SEC Wrong On Mutual Fund-Chairman Rule
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SEC Studying Executive-Compensation Disclosure Rules
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Senate hesitates to expense options
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More job cuts (4,500) at Bank of America
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Nassau could still slide back into insolvency
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Dark-horse bidder wins President casino
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NorthWestern Corporation Receives Bankruptcy Court Approval for Securities Class Action Settlement
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Venture feuds with founder
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Jobs picture seen as improving
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Hedstrom workers surprised by closing
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Osteopathic hospital may have to close
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Ohio AG files lawsuit against company behind free fitness gear offer
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McCain says 'train wreck' looms over pensions
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AmPam emerges from Ch. 11

Restructuring gurus await day of reckoning
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Schwarzenegger Signs Social Security Privacy Bill
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Finally, some progress, but will it be enough?
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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'Pension Fairness Act' Proposed To Freeze Some Executive Benefits When Bankruptcy Filed
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Wachovia expresses Heilig doubts

Golden Parachute Payments Are Not Entitled to Priority Treatment as Administrative Expenses

Ninth Circuit Declines to Determine Whether Creditor's Motivation is Relevant to Court's Consideration of Creditor's Request for a Substantial Contribution Award

UK:

1.4m raid on Barrymore
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Bonuses cut and 'mortage promise' scrapped by Standard Life
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Demarco puts his life's work up for sale to help pay rent demand
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Pension safety fund may face tough debut
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Insurance Company Wound Up Following DTI Investigation
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More firms may copy ICI's pension guarantee
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Korea:

Goldman Sachs Triggers Jinro's Meltdown
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Italy:

Parmalat's Bondi Sues Bank of America in U.S., Seeking Damages
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Bank of America is Parmalat's latest target
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Parmalat sues bank
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Citigroup Challenges Fairness of Parmalat Restructuring -- Rights of Creditors Have Been 'Trampled Upon'
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Citigroup Hits Back at Parmalat
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EU:

EU Approves New, Tougher Law To Fight Cross-Border Scams
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Russia:

YUKOS returns controlling stake in Sibneft
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Yukos Could Pay Current Tax Bill By End-2005 - Chairman
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Russia Guarantees To Meet Yukos Export Obligations
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Yukos chairman says state pushing price down for Russian buyer
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Menatep Group opposes Yukos bankruptcy
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South Africa:

African American Tobacco up in smoke
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Germany:

Fewer German companies going belly-up
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Japan:

Prosecutors Raid UFJ After FSA Files Complaint
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Moody's withdraws Daiei's rating
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Thailand:

NPLs To Fall 3 Pct Pts When TPI Case Ends
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