December 19, 2000 Daily Bankruptcy News

December 19, 2000 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims Also available on the Web (with links to the news stories) at: http://bkinformation.com/DailyNewsFrames.htm

Lernout & Hauspie: L&H Denies Getting Any Of "Missing" $100M From Korea Unit (WSJ: paid subscription required) Lernout executives blasted in auditor's letter L&H gets searing audits ____________ California Power Crisis: Lawsuit Claims Execs Plotted To Drive Up Energy Prices Ratepayers Shouldn't Bail Out Edison PG&E and Edison feel pinch ___________ Kaiser Group International Announces Effectiveness of Plan Of Reorganization and Formation of Kaiser Group Holdings, Inc. Reliance Group: Icahn affiliate to buy troubled Reliance Group bonds Icahn bids to block Reliance recovery blueprint ___________ Prime Succession, Inc. Emerges from Chapter 11 SystemOne Technologies Announces Bankruptcy Court Approval of Deal With Safety-Kleen Sports Stars Sue All Star Cafe For Rejection Of Endorsement/Memorabilia Contracts Burnham Pacific Stockholders Approve Plan of Liquidation Airlines: Senator Kerry Says Demise Of US Airways Better Than Merger Aviation Services Firm American Aircarriers Support Shutting Doors Airline Industry Seen Saving $1.6 Billion In Fuel ___________ Aaron Rents, Inc. Acquires Leases on 27 Heilig-Meyers Locations; Expects Another Record Year York Research Submits Global Settlement Agreement for Court Approval Scientific Measurements Systems, Inc. Files Bankruptcy Bradlees bane could be Wal-Mart's boon	Quad Systems files for Chapter 11 bankruptcy Economy: Wave of Employers Begin Paring Jobs Slower US economy in 2001 could trip consumer debt Bad Weather Hits Retail Sales ____________ Auto Industry: Report: Chrysler To Lose $1.25B Auto Industry Moving Into Slowdown Lane ____________ ICG Communications says Nasdaq delisting company Judge denies Baptist Foundation CFO raise - Deal broke rules, he says Homes rarely taken by bankruptcy courts now Casinos: Park Place is seen as likely suitor for the Aladdin Lender wants cash collateral secured at bankrupt LV casino _____________ Dotcoms: MotherNature.com Announces Initial Distribution of Liquidation Proceeds Colorado's 'new economy' stumbles Chipsmart customers obtain refunds eToys shares plunge 70 pct on revenue outlook eToys' Survival As An Independent Looks Slim Garden.com Releases Update on Company Asset Sale and Possible Delisting From Nasdaq National Market _____________ 3dfx buried itself Cruise ship owned by defunct Premiere Crusises goes down Tucson, AZ: A South Side swap for debt payoff Bruno's picks up 2 more Delchamps in 19-store deal with Jitney Jungle DSL providers scramble for survival	New Bankruptcy Opinions (No new opinions today) Bankruptcy Reform: Bankruptcy reforms split nation Clinton Lobbied To Sign Bankruptcy Bill Amtrak, TV Satellite, Bankruptcy Reform Bills Head to White House _____________ Restructuring . . . Gillette To Reduce Work Force HomeGrocer.com Cuts Workforce Again Cavion Cuts 80 Pct of Its Workforce, May File Bankruptcy\ Solutia To Cut Up To 800 Jobs Red Herring Magazine Lays Off More Staff Pentair to implement restructuring plan Gillette to Lay Off 2,700, Sees Lower EPS infoUSA says to cut 325 jobs, take Q4 charge Eloquent to cut work force by 45 pct, take Q4 charge MVP.com Announces Restructuring _____________ Imperial Sugar continues to reel Dow Corning Announces Stephanie Burns, Member Of Reorganization Management Team, As VP Credit quality key in US asset-backed market in 2001 Capital Markets: We're on the edge of a precipice and the fact of the matter is that no one is safe LXR Announces Payout of Final Liquidating Distribution USDOT announces final rule shutting down carriers who don't pay fines Revamped Iridium Sees Low Debt And Costs As Keys Colorado Springs, Colo., Software Firm AdminiQuest Files for Bankruptcy Chatsworth CA: Bankrupt Matthews Signs Deal to Sell Operations Farmers' Co-Op- Cooperative to sell local headquarters - Bankruptcy also puts Ampride store on block Weather Forecast: Enter City, State, or Zipcode: