September 29, 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
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Enron:

NatWest trio face ruin even if cleared
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U.S. Using U.K. Enron Extradition as a `Weapon,' Lawyer Says
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UK Suspects: Wouldn't Get Fair Trial Over Enron In Texas
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Former Enron VP testifies deal seemed 'shady'
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Law:

Shearman scores double hire for West Coast push
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Naked Attorney Gives New Meaning to 'Legal Exposure'
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Salaries for New Recruits Flatline
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Three-Part Plan to Launch a Stellar Career
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Texas Monthly Recognizes 56 Winstead Attorneys as Super Lawyers
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Scalia: Some Judges Display Too Much Power
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U.S. judge impounds Breeze ferry
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Record hurricane insurance losses predicted
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Inability To Buy Coverage Holds Up Florida Home Sales
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Hurricane Season May Be Costliest Ever
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Horizon:

Judge Temporarily Halts Sale of Horizon
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Ross nears close on Horizon
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Other Shareholders Complain Ross Trying To Dilute Equity
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Accounting:

Some Accounting Firms Offering Large Raises to Keep Talent
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KPMG Settles AmGen Suit; Agrees to Pay $18 Million
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Recent Going-Concern Statements
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New Worry For Auditors: Information Technology Security
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IRS Backs Off on Some Reinsurance Deals, Updates Abusive Tax Shelters
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Consultancy spending declines
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Big Four return to consulting on the cards
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Evidence deadline extension for E&Y in Equitable case
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Hockey Team's Accounting Questioned
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KPMG to appeal pensions decision that would cost partners millions
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Foreign Tax Havens Costly to U.S.
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IRS Alters Stance on Bankruptcy Code Application to Certain Pension Plans
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Half of Mass. hospitals lost money
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Court says EU wrong to block MCI deal
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Our merger victory still matters, insists WorldCom
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Leucadia Sells MCI Stake for $20 Million
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Chiofaro let down by tower partner
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Trenton: Woman gets 50 months for bilking clients of $3.3 million
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Examiner Who Failed to Disclose Fee Arrangement Forced to Disgorge Compensation
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Shaw's heiress scuttles bankruptcy protection bid
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Airlines:

Airline's boss, staff to take pay cuts
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Delta Cuts Pay And Benefits For Most
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Bank warns on aircraft lease to Delta
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Delta praises pilots' union for ratification
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Delta flies toward clouds of Chapter 11
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Executives join pilots in bailing out of Delta Air Lines: 'a bearish sign'
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As going gets tough at Delta, top execs bail out
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PBGC Offers Bankruptcy Changes to Safeguard Airline Workers, Retirees
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Airlines Could Save Millions
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Air Canada set to soar in sky full of pitfalls
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US Airways job cuts expected to be deep
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Troubled US Airways Still Flying
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US Airways to cut executive payroll 20%
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US Airways bets on oil, passenger predictions
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A European twist to airline woes
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Alitalia says October 5 is deadline for job payoff deal
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American Airlines To Recall Over 600 Flight Attendants
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UAL CEO: Fuel Prices Worsen Already 'Brutal' Situation
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Why Own a Legacy Airline?
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Steel:

Stelco, union extend deadline for talks
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Asbestos:

Madison County; uneven sacrifice; beauty contest
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Disgraced Hardie boss could still return
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Anger as CEO kept on payroll
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Asbestos-related shares fall on dim fund prospects
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Corporate Reform:

DA Backs Off Top Count in Tyco Executives' Retrial
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US shareholders target foreign companies
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Tropical Sportswear Loses Another Executive
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Court throws out Kirch challenge
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Former NextCard execs charged
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Frank's Bankruptcy Nixes $70M Deal
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NewPower Announces Interim Distribution
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Carolina Investors trustee says investors support settlement
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Judge to rule soon on HomeGold plan
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Ground Round reopens
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Observers say $400m offer to Trump Hotels is a PR trick
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Trump casinos aim to set restructuring course soon
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Credit Trouble Adds to Bankruptcy Growth
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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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Photo Company Loses Bankruptcy Bid Based on Fear of Insolvency
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Chapter 12 Legislation
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Tucson diocesan bankruptcy proceedings begin
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Trustee to steer "Texas Lil's" ranch's assets
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Earnings Forecasts: Gathering Clouds
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Care Concepts I In Pact To Buy 48% Of General Media
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Merry-Go-Round settles counsel fees
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Cornerstone files for exclusivity extension
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Judge denies bid to foreclose on hospital property
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Poly-Tak files for bankruptcy after 'Dumpster diving' verdict
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U.S. Supreme Court Agrees to Hear Bankruptcy Case Submitted by Stanford Law School Clinic Students
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Bankruptcy Puts Polo Tower, Suburban Assets On Block
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$10 million judgment burdens Northland -- Investment bank idle for 2nd week
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Bankruptcy judge faults track's lawyers
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Credit or debit? A lot at stake
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UK:

Hopes fade for Invensys earnings recovery
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Mortgage lending at 12-month low
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Dotcom dream ends for Thorn EMI research venture
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Jarvis chief walks out amid investor unrest
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3/4 Pounding
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Russia:

Central Bank revokes another license
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Japan:

Corrupt brokerage exec gets 11 years
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Daikyo first big debtor of UFJ to get IRCJ help
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Mitsubishi seeks road to turnaround
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Canada:

Doman gone from Doman
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France:

Euro Disney Stock Rallies On Rough Rescue Ride With Creditors
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More time for Euro Disney
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Israel:

Ministry will meet the deadline for paying back wages, court told
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Argentina:

Occupy. Resist. Produce
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