September 8, 2004 

Daily Bankruptcy News

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

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Enron:

Sometimes, success is in the eye of the beholder
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Chiofaro files plan to skirt takeover
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Chiofaro, Pru unit may link on towers
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Law:

Naked Ambition
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O'Melveny & Myers Announces Major Expansion of Asia Practice
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Federal Courts Propose Rules for E-Discovery
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Bad Lawyering Began and Ended Cipel's Case Against McGreevey
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Complaints Against New York Judges Rise; Fewer Public Sanctions Issued
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Can a Solo Ever Take a Real Vacation?
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Chadbourne & Parke LLP Names David K. Schumacher Managing Partner of Houston Office
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TV Tryout Lands L.A. Judge More Trouble
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Lawyers go back to school to learn how businesses are run
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How to Implement an In-House Legal "Up the Ladder" Reporting System
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Epstein Becker & Green Restructures and Expands Its National Litigation Group in Response to Increasing High Stakes Litigation
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Accounting:

Britain refuses to put cap on auditors' liability
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UK offers fresh hope for auditors
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Ernst & Young response to UK consultation on director and auditor liability
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More Companies Pick Smaller Audit Firms
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Recruiters delighted by accountant shortage
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Making Controlled Growth a Priority at Your Firm
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IRS Looking to Hire 500 Agents Nationwide

Big Four Will Not Audit Banks Unless Liability is Limited
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FASB May Delay Rule Change on Debt Securities

AFC Sues Arthur Andersen
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Conflicts Remain Between Executives, Auditors
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Asbestos:

Pfizer Settlement Clears Asbestos Litigation
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Insurers monitoring James Hardie asbestos case
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Victims pressure James Hardie
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Hardie faces asbestos revolt
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Corporate Reform:

SEC looks at how insiders use exchange funds
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Stock options fight down to wire
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Financial Executives Support Stock Option Expensing

Teflon Bank
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Onetime Star Investment Banker Is Facing U.S. Sentencing
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Computer Associates nears deal to avoid federal indictment
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Amvescap dips as U.S. payouts stir dividend worry
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Invesco, AIM Advisors to settle, cut fees
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Franks cuts staff; stock falls to new low
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Always 99 Cents files for bankruptcy
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The Midas Touch, With Spin on It
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Airlines:

Airline talks hit turbulence
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CEO rips pilot panel foursome
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US Airways nears bankruptcy
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Blocked vote on offer angers some US Airways pilots
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Bankruptcy Firm Hired By Airline
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US Airways Appeals Directly to Pilots
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Union standoff imperils airline
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US Airways union rejects plan
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US Airways To Begin Charging Fee At Some Ticket Outlets
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Delta to unveil plan
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Delta may tell of Dallas plans
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Delta plans to cut 6,000 to 7,000 jobs over the next 18 months and reduce the number of flights through its Dallas hub to 21 from 254
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United Workers Seek Trustee in Bankruptcy
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Carrier seeks OK to hire fiduciary for pension
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United Airlines Seeks Rejection Of Dynegy Power Contract
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Unions vow to limit Alitalia cuts
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EU Signals Support For Italian Bailout Of Alitalia
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Alitalia unions oppose layoffs; hunger strikes in the offing
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Zip's demise leaves flyers guessing
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Jetsgo documents turn up in Air Canada-WestJet espionage lawsuit
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Airlines' troubles may hurt Boeing
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Steel:

Keystone, union plan will benefit retirees
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Court hearing on sale of Stelco businesses delayed
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Retirement looking less secure to many workers
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San Diego: City's books balanced to some, potentially insolvent to others
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FBI looking into pension, corruption
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Why New York's going broke, II
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6 more Thriftways hold clearance sales
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Perv Exploits Bankruptcy To Beat 430g Hit
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Drowning in debt? Here's how to put your financial life in order
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NexPak DIP approval expected
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Court protects retail landlords' rights to control reassigned leases
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Recent Going-Concern Statements
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Employers scale back layoff plans
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Judge OKs hiring Santa Paula hospital consultant
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Court To OK Amerada Hess, Getty Realty Buy Of DB Marts
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Chanin Capital Partners Adds Brian Cullen, Vice President, to Los Angeles Office
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Ohio manufacturer seeks to dump its pension plan
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Fifth Circuit Affirms A Bankruptcy Court's Power to Authorize Rejection of Executory Contracts -- Even if They Are Subject to Regulatory Oversight -- But Requires A More Stringent Standard for Rejecting Contracts Implicating the Public Interest
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Pittsburgh: Sheriff sales claim double
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LBO Activity Has Bounced Back Along With Economy, Earnings
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Friedman's Inc. Completes Restructuring of Senior Secured Credit Facility and Reaches Agreement With Creditor Groups
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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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Shareholders' Request for Meeting Opposed By Schlotzsky's; Company Seeks Restraining Order Against Shareholders' Request
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Knowing "When To Hold Them and When To Fold Them": Negotiating the Fiduciary Challenges Facing Officers and Directors Post-Insolvency
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Retailers face uncertain outlook as they head into holiday season
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MobilePro Signs Definitive Acquisition Agreement With Davel Creditors
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Older workers, retirees watch pensions fade away
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Energy:

A Case Study: Retail Electric Provider Bankruptcies
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Payday advance: Leave this loan alone
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UK:

MG Rover loses 20% of car sales
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Solicitors, the new superheroes
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Sued For 2.5billion On Lost Pensions
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Oapless
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MyTravel to submit rescue plan tomorrow
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Scots wind-turbine firms in crisis as new orders dry up
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Canada:

Recognition of U.S. Bankruptcy Proceedings by Canadian Courts
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Cash flow halts ferry to New York
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Investors in high yield notes go after accountant
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Korea:

Sale of Daewoo Engineering on Fast Track
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Korea Devt Bank: Close To Agreement On LG Invest Stake Sale
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Italy:

Italian Business Confidence Waned Amid Oil Concern
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China:

Banks Seek Ways to Reduce Debt
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South Africa:

Porritt's wife pleads loans mental block
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Insurance cover now available for SMME bosses
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Russia:

Yukos Woes Increase With Collection Order
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Russian Banks Have Entered Critical Period
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Israel:

Tal Jaegerman: I'm ready for bankruptcy
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New Zealand:

Former Breakers coach liable for $300,000 debt
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Japan:

UFJ looks set for huge half-year loss
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