September 10, 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) http://bkinformation.com/News/DailyNews.htm
Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Texas High Court Demands Expert Testimony in Bankruptcy Legal Malpractice Case
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Survival of the "Un" Fittest -- Bankruptcy has changed from a tool used to dissolve businesses to one that helps resurrect them--at the cost of everyone but the executives
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WorldCom chief seeks immunity for subordinates
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Energy:

Court: Calif. entitled to new hearing on energy refunds
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NorthWestern touts improving finances, warns of price hike
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NWC unlikely to sell utility soon
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Asbestos:

WTC Rescue Workers' Health Suffering, Government Says
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CDC: WTC Workers' Breathing Problems Worse Than Expected
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Hardie probe on chief exec
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Carr faces rising tide against Hardie
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Corporate Reform:

Qwest to Pay $250 Mln to End SEC Accounting Probe, People Say
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SEC Rejects Delay In Mutual Fund Independence Rule
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Priest Fined $15,000 For Role In Frankel Insurance Swindle
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Wake-Up Call for Compensation Committees
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Scope of Violations Led to Larger Settlement for Invesco
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Ex-Cendant Exec Says He Was Unaware of Accounting Fraud; Testifies Earnings Reports Weren't 'Cheat Sheets'
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Bill to allow inspection of pension plans passes
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Oneida Ltd. to shut down remaining factory, shed 500 jobs
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Constitutionality of punitive damages against religious institutions
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San Mateo cable TV software firm denied bankruptcy
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UMW appeals bankruptcy ruling that voids union pacts
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WordsWorth Books files Chapter 11
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Lead lender keeps Winona Hospital afloat
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Frank's locations prime turf
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Frank's Nursery & Crafts to shut stores by Dec. 24
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UMW appeals Horizon health benefits ruling
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EDS may eliminate one-sixth of work force
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Bad credit could mean higher electricity bills
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New checking system will eliminate 'in the mail'
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EBSCO Completes RoweCom Acquisition
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Lenders plan to spruce up Rose Garden
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Rose Garden lenders will form new firm, take over arena
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Manex plagued by debt
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Manex Entertainment forced into Chapter 11
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Bankruptcy blues -- San Diego must take tough action on pension debt
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Jillian's Entertainment Posts $1.8 Million Net Loss In July
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Airlines:

With clock ticking
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US Airways could seek bankruptcy Sunday
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US Airways financing sources at issue
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US Airways union struggle nears
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US Airways pilots to meet on givebacks
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Rumors Of Bankruptcy Loom For US Airways
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Scale tips toward bankruptcy
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Delta plan seen as setup
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Delta fails to get OK to buy back certain debt
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Analysts bearish on Delta
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US Airways seeks 23% pilot pay cut
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US airline industry in tailspin
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Midwest planes less full than in August 2003
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United CEO says no decision on business plan this month
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United CEO gives pep talk to Denver workers
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Fund can withstand US Airways loss
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Alaska Air Group to cut 900 jobs
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Union blasts Alaska strategy
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New SAA boss lays down 10-day test for top managers
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This way out of coffin corner
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American Airlines seeks a makeover
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Accounting:

Deloitte & Touche to be Questioned in DVI Bankruptcy Case

Waddell & Reed Financial Executive Faces $21.7 Million Tax Bill
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Making your firm's website famous

Peregrine updating financial records
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Will courts kill Big 4 audit firms?
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Big Four Demand Balance from U.S.
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E&Y Poised to Seek Settlement With Equitable
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Trucking Company is Seeking Permission to Sue E&Y Over Merger

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Time Warner eager to see Adelphia books
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Time Warner May Do Reverse Merger for Adelphia
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New IRS e-service Revolutionizes Transcript Delivery

Bankruptcy Sends Brides Scrambling
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Judge orders bridal business to reopen
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Judge Orders Bridal Shops Reopened -- Brides, Grooms Want To Collect Wedding Dresses, Merchandise
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S.A. Symphony Starts The Music
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Global house prices still rising
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Liberate kicked out of court
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Liberate Technologies Announces Dismissal of Bankruptcy Case
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City uses license plate scanners to catch tax delinquents
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Catholic parishes move to protect assets
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Judge Rules L.A. Archdiocese Must Hand Over Priest Files
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Law:

Minimal Stock Holdings Will Not Keep Judges Off Companies' Cases
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Divorcing Lawyer Too Clever by Half?
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Firm Faces $170M Malpractice Suit
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Some firms lower costs to attract and keep clients, but others don't buy into it
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Leader Who Doubled Firm's Size, Profits Is Stepping Down
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Firm Raids Rival for Practice Team
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Manhattan Office Market Vacancy Down, Rents Up In August
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UK:

MyTravel investors face 'massive' losses
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Polygon Asks British Energy to Clarify Legal Position
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Turkey:

Turkey brewing another economic crisis
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Canada:

Questerre Receives Court Approval for Corporate Restructuring
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Oxford Automotive Canada files for bankruptcy; worker benefits in jeopardy
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Russia:

Khodorkovsky Says He Doesn't Have Cash To Pay Yukos Tax
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Yukos to consider asset sales
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Yukos Stock Gains on Comments From Putin
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Yukos Taps New Sources to Cover Tax Debts
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Oil and terror lays Russia bare
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Germany:

Germans angry over cuts to unemployment benefits
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China:

Chinese officials embezzling billions in state assets, fleeing the country
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Australia:

Elliott appeal against bankruptcy proceedings rejected
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ASIC closes in on controversial online grocer
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Insolvency firms are gearing up for a new wave of work
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South Africa:

Porritt's tangle of intrigue baffles lawyers
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Japan:

Losses soar at Japanese megabank
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Argentina:

Argentina's Corporates Sidestep Sovereign Debt Debacle
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