September 24, 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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Airlines:

Looming Delta Bankruptcy Could Mean Millions in Legal Fees
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If Delta Craters, or When
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US Airways unions resist cuts
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US Airways to seek 'interim relief' order
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Unions ready to fight in court
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Quick labor givebacks to USAirways seen unlikely
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United sets stage for cuts
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United losses hit $56 million for August
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United is flying in the face of convention
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United Airlines says jettisoning pensions is 'best of a bad set of options'
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United Provides an Idea of Worker Pension Losses
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Atlanta to be Delta "super hub"
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Spoiler Northwest goes for fare hike
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Air Canada Bond Holders With $280 Mln Debt May Not Get Stock
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New Air Canada shares to start trading Oct. 4
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Hawaiian Airlines, ex-exec settle with SEC
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American Cuts Flights, May Add Food Fee
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AMR Warns Of Revenue Weakness in Third Quarter
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Judge intervenes in Pan Am case
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Alitalia, Unions Reach Deal to Split Carrier in Two
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Enron:

Lehman Bros. pays millions for Enron suit
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Banker recalls concerns about barge deal
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Enron Barge Team Initially Nixed Buyback
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Ex-employee says Enron higher-ups in on secret deal
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Bankers at centre of extradition test case
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Corporate Reform:

Defense Slams Stewart Trial Perjury Case
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Regulators May Oust Fannie Mae Management
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SEC Says GE Violated Law Over Welch Perks
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The Art of Destruction
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Why Are Rating Companies Surprised by Bad News?
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Former dot-com Commerce One eyes closure
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Intellectual Property and Arbitration Rights in Bankruptcy
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Interstate raises cheap bread
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Short-term financing OK'd for bankrupt Interstate Bakeries
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Economic index slips for third straight month
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Bankrupt Texas Hospital Sale Closes
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Horizon Sprint To Emerge From Bankruptcy
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Pottsville coal firm: No plan for bankruptcy
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San Diego's Pension Fund
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Tucson faces unholy war in Ch. 11
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No Sweet Choices For IBC
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Chapter 11 Can Be First Act or Finale for Troubled Companies
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Asbestos:

Halliburton Co. to Restructure
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Halliburton mulling fate of KBR
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Halliburton Might Sell KBR Once Asbestos Settlement Done
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Law:

NY Name Partner's Amicable Departure Turns Sour
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Firms Announce Transatlantic Merger
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Top LA Firm Opens New York Office
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Bullish on Settling
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Nader's Lawyer 'Tortured the Law' -- Judge's blistering criticism slams would-be presidential candidate's attorney
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Law firm has an in-house team of 10 forensic accountants
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Police Find Woman's Body In Houston Law Office Building
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Spending Wisely on Technology
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Internet Communications Pose New Liability Issues
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Electronic Discovery: Consequences of 'Zubulake V'
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Singer Bolton's Lawyers Must Disclose Communications for Weil Suit
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Bad Grades? Don't Despair
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Trump:

DLJ to Trump: You're fired
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Bailout for Trump collapses
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Trump Deal Craps Out
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Trump Atlantic City 11.25% Junk Bonds Down 1.25 Points
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'The Apprentice' Master Needs Some Trump Magic to Avoid Bankruptcy
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Trump deals bondholders a new offer
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Now, Reality for Trump Looks More Like 'Survivor'
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Hoover doing 100 years a day at a time
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Kaiser Gets $400 Mln Glencore Bid for Alumina Refinery Stake
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Bid For Kaiser's Queensland Stake Subject To Auction
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Creditors Line Up for Piece of Brando's Estate
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Pension agency files lien against Oneida
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Telecoms:

State launches consumer fraud investigation of bankrupt NorVergence
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Calif Ups SBC Rates To Competitors By 20%
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MCI CEO says no plan to split businesses for sale
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Bubble trouble -- Real estate will make you rich, eh? If everyone thinks so, how can it be true?
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Wilbur Ross Actions As Head of Horizon Natural Resources Creditor Committee Unfair According to Third Point Management Company
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Miners affected by Horizon need support
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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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Judge Denies Dismissal of Citigroup Worldcom Suits
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Ricky Williams could gain free agency if he files for bankruptcy
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Forbes lists 400 Americans with most billions, millions
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Accounting:

Fannie Mae Regulator Demands Immediate Action on Accounting
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E&Y Disciplined by California and New Mexico Accountancy Board
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Wall Street Firms take Issue with FASB's Fair-Market Standard

Fast Growth CEOs Expect Big Jump in Federal Business Taxes

Recent Going-Concern Statements
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Steel:

Court to hear company motion to extend CCAA stay period: Steelworkers to rally in support of Stelco workers
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Wall Street Profit Dip Trouble For N.Y. City
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Portsmouth principal among state's ''turnaround specialists''
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Outback Steakhouse to rebrand Chi-Chi's
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Ormet asks bankruptcy court to allow contract modifications
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UK:

Energy group moves to block share dealings
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Australia:

Winemaker Garrett declared bankrupt
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Access clients sent refund forms
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Russia:

Russia Has No Plan to `Nationalize' Yukos, President Putin Says
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Yukos Board Asks Management to Avoid Bankruptcy at All Costs
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Chief Yukos Branch Cornered: Yugansk Can't Afford Back Electric Fees
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DrKW Says Valuation Of Yukos Unit Not Complete
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Analysts foresee sell-off of YUKOS' assets
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Argentina:

Argentine banks stagger back from economic blow
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South Africa:

Architect of LeisureNet walks off a free man
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Germany:

Businesses bypass traditional loans
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Japan:

Citigroup's Private Bank in Japan Is Ordered to Close
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