September 7, 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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Elizabeth Perris, problem-solving jurist
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Bankruptcy Wipes Out Debt From Sexual Harassment Suit
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Enron:

University wrestles with controversial donation
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Kent, partners to bid on Adelphia assets
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Bankrupt biotech gives up facility
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Corporate Reform:

Parents sue where Spitzer settled
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US warns against Sarbanes-Oxley complacency
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Down but not out
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What's Driving the Attack on Pensions?
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Onetime Star Investment Banker Is Facing U.S. Sentencing
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Accounting:

IRS to hire 25 in Ariz. to help boost taxpayer compliance
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Accountant convicted of defrauding nuns gets house arrest
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Ernst & Young faces charges of negligence
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Lucent agrees on 816M tax refund
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UK audit cap ruled out
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Court Orders Hearing on IRS Whistle-blower Case

Big Four issues warning over auditor liability
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E&Y swamped by Equitable complaints
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FASB refuses to back down on "underwater" options
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Asbestos:

Asbestos deal costs Pfizer 430 million
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Pfizer settles on asbestos
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Clarifying Prima Facie Standard, Court Reinstates Smoker's Asbestos Claim
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Law:

Insurer Wins Malpractice Case on Principle, Loses on Facts
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Tempest in a Starbucks Cup? A Billing Expose Turns Out to Be Decaffeinated
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Office Relationships: The Exception to the Rule
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Constructing Your Web Site
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Law firm bids to pick carcass of Brobeck-Clifford Chance battle
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Knowledge Management: Not Just for Big Firms
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Run the Firm -- Don't Let it Run You
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Promoting Your Solo or Small Practice
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Righting Corporate Wrongs -- Lawyers on both sides must contend with privilege battles, investigations and whistleblower intrigue
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Goulston gains valuable real estate in Sullivan hire
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Morgan Lewis launches Dallas arm
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Florida investors sue One Price Clothing Stores
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Saudi Arabia sued in 9/11 attacks
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11g For P___-king-sized Bed
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Employees preparing Winona for closing
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Fund finds turnaround opportunities
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Taking the air out of floating checks
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Boomer heirs may be facing confusion
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Freedom owner files bankruptcy
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State of U.S. economy just so-so
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Shaking bankruptcy takes 10 years
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Knox County assumes ownership of bankrupt hospital
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Six Flags under pressure
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Bankruptcy Judges Myers and Pappas have express concern about number of young people filing bankruptcy
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Economy making it harder to be an employee
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Airlines:

Management forsees slashing 5,000 jobs to keep Alitalia aloft
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Alitalia chief holds key union talks
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Alitalia Heads for Junkyard of European Airlines
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Alitalia unions baulk at 5,000 job cuts
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Pilots union declines US Airways proposal
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US Airways falls 17 percent
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Pilots union negotiators huddle after US Air talks stall
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Ch. 11 threat for US Airways flier miles
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US Airways, pilots meet with pension due date nearing
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The Airline: A new name
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Lakefield to unions: 'Let's get it done'
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Death to Brazil's Varig!
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It's fly or fall for SA's flagship carrier
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Time to ground an airline
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Union files lawsuit against Pan Am
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US Air pilots may agree to pay cut
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Continental isn't funding its pension plan this year
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Air Canada inches closer to solvency
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Three airlines in bankruptcy by fall? (scroll down)
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Delta pilots say concessions agreement is not 'imminent'
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Rising fuel costs "major threat" to airlines' profits: S and P
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Energy:

NorthWestern Receives Court Approval to Commence Resolicitation of Amended Plan of Reorganization
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Bankruptcy Wipes Out Debt From Sexual Harassment Suit
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Attorney Pleads Guilty To Bankruptcy Fraud
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Lower pay, lost benefits slam ex-factory workers
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All eyes on NextWave's exit
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Sunny San Diego Finds Itself Being Viewed as a Kind of Enron-by-the-Sea
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San Diego candidates break the "B-word" barrier
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Diocese headed for bankruptcy
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What bankruptcy filing would mean
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Abuse case puts diocese on deadline Pending trial on Yuma lawsuit may trigger bankruptcy decision
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Pinnacle's $30 million bid for President Casino tops rival's
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Teenage crush on specialty store goes cold
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Charles Town offers peek at Penn National's future
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Most students graduate with mountain of debt
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Creditors to object to SPMH/Kare deal in bankruptcy court
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Former Big Red stars put bankrupt KIRL on block
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Downtown Milwaukee office vacancies highest in decade
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Decline in filings could mean worst is over in bankruptcy crisis
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Retailers Report Disappointing Sales
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National Union Fire Introduces New Professional Liability Policy for Consultants
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Solutia makes PCB payouts
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Factory 2-U Completes $28.5m Asset Sale
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`American dream' goes up in coal dust
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Hot sparks are flying in Mooney litigation
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UK:

U.K. Allows Companies to Indemnify Directors Against Lawsuits
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Regus trims costs to stem losses
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Edwards Sponsor Starts Action to Seize her Home
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Investors try to block BE rescue
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Hidden Assets Confiscated from Bankrupt Who Claimed History of Drug Dealing
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Cost of bankruptcy
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British Energy's Investor Revolt Heats Up
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British Energy rebels offer 800m to scupper shake-up
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British Energy about to go bust?
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Official Receiver Appointed as Provisional Liquidator of Insurance Consultant Following DTI Enquiry
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Germany:

Garant Schuh Files for Insolvency After Talks With Banks Fail
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Germany to go bankrupt without reforms
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Argentina:

Argentine Stocks Rise as Market Expects Debt Plan
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Equiticorp payback money still trickling in
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Austraila:

Schaeffer's creditors circle Rona
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All SoG creditors will get a return
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Russia:

Yukos lawyer's offices searched
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Tax abyss deepens for Yukos
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Yukos to send 40 Russian regions to the bottom: Collapse of the colossus
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Yukos handed $4.2-bn tax bill
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Yukos Fails To Find 120 Billion Roubles
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Kremlin vows to underwrite China's huge Yukos contract
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Instability Of Russia's Banking Sector Is Down To Internal Factors-
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Syktyvkar Bank Loses License
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Korea:

Lawyers seeing gold in bankruptcy cases
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8-Year-Old Boy Declared Bankrupt
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Railway, Bank Officials Indicted for Illegal Derivatives Scheme
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Japan:

Assess Daiei's assets first
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India:

Rapid rise in closure of textile mills
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Turkey:

Turk insolvent banking fund aims to collect $5.5 bln by 2007
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Italy:

Parmalat to sue Italian banks
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Parmalat Prosecutor Probes Alleged Bribes
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China:

China Should Create Financial Sector Bankruptcy Law
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Thailand:

Debt restructuring of Jasmine: International Court approves write-off
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