September 30, 2004 

Daily Bankruptcy News

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

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Airlines:

US Airways follows Delta's lead, slashes managers' pay
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US Airways job cuts may be less than anticipated
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Pilots, US Airways near $300 million deal
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ATA mechanics take first step toward walkout
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Delta to get $100M from sale of Orbitz
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Gloomy day at Atlanta airport as employees react to pay cuts
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Despite relative strength, American Airlines may still stumble, say analysts
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Air Canada buys 45 Brazil planes
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Air Canada says didn't seek gov't aid for jet buy
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Russia May Stop Navigational Service For Cis Airlines Because Of Unpaid Debts
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Airlines' payrolls, paychecks in flux
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FAA puts third airline on safety watch list due to bankruptcy concerns
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US Airways' business plan linked to oil, passenger forecasts
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Possible New Bid Surfaces For Colombian Airline Avianca
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'Free' frequent-flier tickets may cost you
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Energy:

TransCanada to buy 41 New England power stations from insolvent USGen New England for US$505M
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Mirant won't sell to avoid bankruptcy
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Hearing set in Thaxton lawsuit
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INTERMET Files Voluntary Petition For Chapter 11 Reorganization
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Bankruptcy? Carb cops? A defense for murder? Perhaps nothing can make our Twinkie crumble
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Accounting:

Belo says overstatements caused by 'aggressive' action
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Dallas Publisher to Cut 3% of Its Workers
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Tommy Hilfiger Faces Holder Suits On Alleged Tax Evasion
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IRS technician pleads guilty to scheme of trading IRS information for favors from dancers
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Asbestos:

Hardie board 'should share blame'
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Hardie trust to sue using US mafia law
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Catholic Health Care: Importance of Effective Corporate Structure: Archdiocese of Portland Bankruptcy Filing
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Horizon seeks to lift stay
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SEC goes after ex-Liberate officers
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A.B. Dick seeks to end pensions
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KB Toys says won't emerge from bankruptcy by holidays
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Pooled Pension Fund Management Investors May Discover What Happened to Cash
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Footstar Completes Sale of Gaffney Distribution Center to Automated Distribution Systems for $20 Million
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Bankruptcy Strategies Can Avert Class Action Crises Helping Companies Weather Litigation
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U.S. Invasion Influences European Insolvency Practices Major Hurdles Remain to Chapter 11-type Restructurings
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Teaming Up with Equity Sponsors Turnaround Pros Bring Operations Know-How
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Bill would extend farmer bankruptcy law
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Bill which which protects financial markets from cascading effects if parties to derivatives contracts file for bankruptcy to be considered by House Committee
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Law:

Best Law Firm for Working Mothers
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When It's Time to Pay Up
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Wilmer Cutler suffers first London loss since merger
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Manual Calendaring: A Fool's Game
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EDD: Deranged by Duplication?
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Young Associates Back From Iraq Struggle With Memories, Question War
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Kirkpatrick merger gives NGJ partners pay guarantee
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Jobs Come Slower for Class of '04
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US firms squeeze UK rivals to challenge elite Paris practices
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Legal elite drafted in for record $280bn tobacco trial
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Atlanta And Tampa Firms Agree To Merge
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LA Firms Makes NY Move With White & Case Raid
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How to structure today's international law firm
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Lawyer may get 2-year suspension for 'sexual' contact with jailed client
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NY Chief Judge Decries "Scorched Earth" Litigation
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Piper's peace accord
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Heller: Taking on all comers
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V&E shuts up shop in Singapore as it sets up in Tokyo
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GCs: In the spotlight
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Bid to Stick NY Lawyers With Bill for Litigation Costs Fails
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Enron:

Ex-Ore. Governor's Wife in Enron Sub Purchase Probe
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Ex-Enron exec says he was told to concoct story
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E-mail backs barge charges -- Testimony details ruse to smooth books
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Foreigners Get Varying Receptions in U.S. Bankruptcy Courts
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Kmart may move to Atlanta
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San Diego: Mayor hopes to freeze salaries to pay down pension
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Applause to sell name
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Fleet Bank forecloses on ex-Adelphia exec
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Carolina Investors: Rulings set stage for Morris' trial
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Insurer is latest victim of storms
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Bankruptcy overseer questions Gitto/Global books
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Florida: Leverock's owner files for bankruptcy
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Bankrupt NK Lawn, supplier to Wal-Mart cuts off workers' health benefits
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Newest CEO rides to rescue of faltering Wilmington, N.C., drug firm aaiPharma
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Debt buyers seek opportunity in Fannie Mae
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Kmart, Sears Close 50-Store, $576M Deal
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Brides-to-be finally get 650 dresses
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Personal income posted its biggest increase in three months in August, rising 0.4%,
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CFOs Remain Optimistic on Economy
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Corporate Reform:

Stewart Will Serve Time in W.Va. Prison
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Congress gets power to subpoena Fannie Mae
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The Justice Department opened a probe of possible accounting fraud at Fannie Mae.
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AIG Target of Justice Probe
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HeathSouth ex-CEO faces new but fewer charges
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Whitehall Settles Federal Probe for $13M
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Non-profit hospitals' top salaries may be due for a check-up
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Ahold Settles A Case, Legal Woes Not Over Yet
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Grasso Again Asks Court To Dismiss Count In Spitzer Suit
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US wants Ebbers trial kept in N.Y., opposes delay
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Costly New World for Mutual Fund Firms
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UK:

Car parts makers show 'parts' in protest
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Law Society stalls on split-up plan
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British Energy Shares Fall As Polygon Quits Fight
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Big Four could run nuclear power stations
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Council tax dodgers face bankruptcy bid
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Pull plug on this dinosaur
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Jarvis: The thick-skinned charmer making the City see red
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Korea:

Corporate Delinquents Exceed 100,000
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SK Networks to Reduce Capital
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Iraq:

Creditors agree to defer Iraq debt payments - IMF
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Canada:

Union, deals may be wiped out by New Skeena bankruptcy
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Bankrupt New Skeena up for offers
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Lesson to be learned from New Skeena debacle
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Fund's lowball offer impossible . Veniez
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Infocorp can't make the rent
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Germany:

Lawyers under pressure as IPO revival collapses
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Italy:

Cirio's vanishing act near complete
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Thailand:

Thai Court Rejects TPI Polene Request To Extend Debt Plan
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Australia:

Judge orders Bond fraud retrial
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