September 21, 2004 

Daily Bankruptcy News

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

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Tucson Diocese:

Church bankruptcy bid after abuse
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Diocese of Tucson Files for Bankruptcy
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First Day Pleadings
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Tucson Catholics keep the faith
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Diocese's Chapter 11 bankruptcy is 'prepackaged'
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Phoenix Diocese maintaining solvency
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Diocese files bankruptcy -- A deadline is likely on any new claims
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Parishes and schools could be affected by bankruptcy filing
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Sexual Abuse Victims React To Tucson Diocese Filing For Bankruptcy
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Enron:

Enron Case Judge: Expect Jurors To Know Of Co
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First Enron jury selection starts: investment bankers, accountants in dock
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Fast start expected in first Enron trial
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Houston law firm to pay Enron $2.8 mln to settle suit
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Merrill bankers at centre of first Enron criminal trial
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Jury Nearly Set for Enron Criminal Trial
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Kopper's sentencing delayed again
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Asbestos:

Federal-Mogul battles to save unit
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St. Paul Travelers Receives Favorable Decision in ACandS Asbestos Litigation
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Armstrong Gets Another Extension
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Huge jury awards provide incentive to settle cases
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Madison County: Where asbestos rules
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Speedy court docket leaves justice in dust, critics say
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"Lipke rule" is unfair to defendants, many argue
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Illinois Supreme Court has yet to weigh in on venue for asbestos suits
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Plaintiff bar gives top dollar to judges' campaigns
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Who gives what
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James Hardie NSW Govt Inquiry Finds Funds Inadequate
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Australia builder in asbestos row
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Costello calls ASIC to probe Hardie
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Hardie probe slams executives
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Hardie lawyers cleared of fraud
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Hardie execs may face prosecution
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James Hardie asks for halt in shares trade
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Canada blocks asbestos type from global toxic list
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U.S. seeks record sum in tobacco racketeering suit
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The $280bn question: is tobacco a racket?
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AssetLink moves into Denver area
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Three groups object to Penn Traffic's plans
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Airlines:

Delta union leaders OK deal
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Trustee forms US Airways Group unsecured creditor panel, including unions
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US Air pilots stand by veto of offer
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US Airways Pilots Hold Special Meeting
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Airline workers struggle with decision of giving back to keep jobs
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Airline Alphabet
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Alitalia Directors Approve Rescue Plan, Rift Opens On New Structure
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Lawmakers Pressure United on Pensions
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Delta Pilots Agree to Allow Recalls
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Delta Still Seeking Pilot Concessions
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13 US Airways Creditors to Make Up Panel
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Up in the air
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Alitalia approves rescue plan with 3,700 job cuts
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EU: Alitalia plan good for future
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EU to Scrutinize New State Aid to Greece's Olympic Air
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Alitalia makes grab for government funds
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British Airways seeks to halt more aid to Alitalia
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Southwest hedges bets on surging fuel costs
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Accounting:

Mesirow Financial buying KPMG LLP corporate recovery unit
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SEC's Chief Accountant Objects to KPMG Recent Statement to Clients

Fannie Mae Overseer Plans Report That Criticizes Accounting
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US Virgin Islands Tax Haven Under Scrutiny

PCAOB Adopts Amendments to Interim Auditing Standards

Big Four Seen Shedding Small Clients
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MCI Looks for Buyers, Seeks $6 Billion
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Honeywell To Indemnify W.R. Grace, Pay $62.5 Million
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San Diego's credit rating suspended
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Snow Says U.S. Social Security Needs to Be Changed
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Dad accused of hiding assets
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Florence Freedom owners plan to sell team's assets
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City files motion against Hildebrants
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Legacy of debt leaves her in American Distress
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AstroPower stock sale raises brows
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San Diego's credit rating drops after fiscal audit delay
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Companies Ordered to Pay Millions for False Internet Billing
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Laid-off workers worry about what comes next
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Horizon: Union bigwigs need to open their eyes
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Debt Collector Atlantic Credit Draws Complaints
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Law:

Candid Comments About Discovery Bring Lawyer National Notoriety
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Helped by two whistle-blowers, the lawyer who beat Big Tobacco is on a new crusade
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Rules on Gifts for Judges Get Overhaul
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Ex-Legal Secretary Accused of Embezzlement
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Venerable Mexican chain bids farewell
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MCI Creditors Facing SEC Probe
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Citation files for bankruptcy to renew prices, reduce debt
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Cone Mills, PBGC settle
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Forfeiture of $280bn would wipe out firms
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DOJ Lies Low as Massive Tobacco Trial Opens
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Wheels are in motion to sell Adelphia Communications in bankruptcy
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S. Paula will explore selling bankrupt hospital land
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Fed expected to raise rates
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Citigroup Falls on Downgrade
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Judge scrubs Bush Industries' plan
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Corporate Reform:

U.S. Chamber Asks Court to Block Fund-Director Rule
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Sarbox: Spur to Foreign-Company Flight?
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Mutual-Fund Lawsuits May Not Yield Investor Bonanza
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UK:

Bank of Mum and Dad
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British Energy moves to block U.S. shareholder
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Canada:

Options run out as New Skeena is forced into receivership
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B.C.'s Skeena enters receivership
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Korea:

Prosecutors probe alleged accounting fraud by Hynix Semiconductor
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Piano Maker Goes Bankrupt
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Russia:

Yukos Hits Back
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Chinese oil executive says firm in talks with Yukos on resuming shipments
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Italy:

Italy Needs More Changes to Bankruptcy Law, Fitch Ratings Says
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