September 9, 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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Frank's files for Chapter 11, will close stores
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Frank's to shut doors; 2,800 will lose jobs
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Frank's vendors left with bills
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Asbestos:

Judge says Owens Corning within rights to offer bonuses
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Owens Corning creditors say executive pay plan lacks incentive to end Chapter 11
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Law:

House Panel OKs Fines for Frivolous Lawsuits
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Grey Goose lays golden egg for New York quartet
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Two Managing Partners Jump Ship, Join Reed Smith
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Shaw Pittman set to quit Los Angeles
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Thanks, Cyber-Professor Scalia
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Willkie Farr Hit By Second Defection
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Ex-Leader of Enron Task Force Joins Firm
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Many firms have still been slow in implementing knowledge management programs
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Firm Looks to Send Staff to the Burbs to Cut Costs
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UK firm Lovells to demote partners
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A revolving door for West Coast lawyers? :)
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Firm's Conflict Creates Opportunity for Rival
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Battle of the Law Firm Bands
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Big scary Americans
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General counsel calling the shots on big-ticket transactions
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General counsel calling the shots on big-ticket transactions
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US firms avoid London trap
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US Firms in London: The best-laid plans
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US Firms in London: Best of both worlds
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US Firms in London: Trouble and strife?
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US Firms in London: Going the distance
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Lawyer Fee Cases Get Calif. Justices All Riled Up
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Jury Pay May Be Wave of Future
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German firms face pressure to reveal figures
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US firms predicting double-digit growth in UK market
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New York elite secure France Telecom deal as Paris law assault gathers pace
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Seeking the Treasure Trove of Data
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King City Scrambles To Avoid Bankruptcy
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Hayes Lemmerz posts loss, cuts outlook; shrs fall
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World Bank ranks UK seventh-best place for business, cites streamlined bankruptcy process
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Judge OKs auction of President Casino
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Man Must Pay Back Money Scammed In Illegal Pay Phone Scheme
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Hospital corp. to borrow $300M to prevent bankruptcy
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Produce Bill Leads Dollar Chain to Bankruptcy

U.S. Jobless Claims Probably Fell to 345,000
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Lawmakers call for expansion of Pittsburgh fiscal oversight board
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Airlines:

Delta unveils restructuring
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Delta to cut wages, 7,000 jobs
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Recent Developments at Delta Air Lines
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Airport gets good news from Delta
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Airport gets good news from Delta
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Delta stock plunges on pair of hits
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Delta set to unload 7,000 jobs -- bankruptcy "a real possibility"
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Dallas Will Be Fine After Delta Pullout, Officials Say
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Delta Cost-Cut Plan Doesn't Allay Bankruptcy Concern
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Delta ready to fly off into sunset
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Delta's proposal 'pretty obvious'
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DFW Talking With Other Airlines After Delta Cuts Flights
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Delta's downsizing rallies competitors
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Delta layoffs won't be terminal: Construction at Logan unaffected by cutbacks
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Austin Flights Threatened As Delta Pulls Out Of DFW
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S&P cuts US Airways Group ratings deeper into junk
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Continental, United join rivals in adding service fees
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Biggest job cuts//furloughs by U.S. airlines
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Delta's downsizing rallies competitors
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Expect Chapter 11, pilots told
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US Air: Airline prepares for the worst
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US Airways pilots hoping for last-minute agreement
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Pilot leader chides union, US Airways
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United chooses fiduciary for pensions
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Krause looks to block United's plan to scrap employee pensions
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Italy tells unions Alitalia must cut costs or fail
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Alitalia unions are pessimistic on talks
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Alitalia CEO Sticks To Sept 15 Deadline On Rescue Plan
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Alitalia unions are pessimistic on talks
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In bid to help Alitalia, government considering unemployment benefits for airline sector
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11th Annual Aircraft Financing Forum to Address Restructuring Airlines In and Out of Bankruptcy in NYC Next Month
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Energy:

TXU Energy plans to impose a bigger rate increase for customers with bad credit
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Accounting:

New fight over corporate stock
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E&Y denies intention to settle with Equitable
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UK accused of audit cap 'mockery'
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Steel:

Judge orders Keystone to pay retirees for health care costs
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Dow Jones sees profit shortfall on weak WSJ ads
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10 Hiding Places for Business Credit Risk
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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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Bankruptcy expert: It's a 'good thing' for diocese
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WorldCom's Ebbers seeks dismissal of case
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House OK's Disclosure of Pension Shortfall Info
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Pension plan disclosures urged
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Corporate Reform:

Investment banking star gets 18 months in prison
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Citing Perjury, Judge Boosts Quattrone Sentence
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FAO Schwarz Takes High Road for Survival
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Cutting-Edge Collection Agency Offers More for Less
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Attorneys: Investigators misled former Carolina Investors chair
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Trump: the image and the reality
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Some devote half their income to house payments
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Chiofaro, Tishman clash in bloody battle
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UK:

World Bank ranks UK seventh-best place for business, cites streamlined bankruptcy process
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MyTravel plans debt for equity swap
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'Pay us pensions we can survive on'
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PI lawyers hit out over referral fees
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New QC system set for end of year unveiling
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Special role for accountants in Met's fraud fight
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Students outwit SLC
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India:

Ease Of Doing Business In India Still A Mirage -- Ranks Second Worst In Processing Insolvencies -- Average of 10 Years To Recover 12.% Dividend
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Canada:

TSX Venture Exchange Daily Bulletins
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Legal maneuver angers New Skeena union
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South Africa:

Provisionally liquidated PHG pins hopes on damages claim
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Fresh proposals on Road Accident Fund get frosty reception
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Denel 'at doorstep of bankruptcy'
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Iraq:

Iraq debt relief talks deadlocked
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Japan:

Sojitz to receive 370 billion yen capital injection from financial institutions
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Russia:

Yukos not to gain by halting local tax payments
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