November 7, 2003 

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)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm
Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Asbestos:

Deal cut to settle Halliburton asbestos litigation
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Halliburton caps asbestos claims at $2.775M
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Halliburton needs more time in asbestos case
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Judge steps down from asbestos cases
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Creditors Seek Judge’s Removal in Asbestos Case
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Telecoms:

Cable & Wireless Division May Declare Bankruptcy
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Steel:

Government to take over pensions at Fort Wayne plant
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Stelco lays off 150, more cuts coming
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Weirton Steel bankruptcy hearing postponed
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Weirton Steel's Bankruptcy Exit Strategy Faces Objections
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Phrasing concerns commission - Weirton Steel uses ‘sole discretion' in reference to debts
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Accounting:

Scandals shattered trust in accounting
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Law:

F.B.I. Said to Query Celebrity Lawyers About Wiretaps
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O'Melveny & Myers Ranks #1 in Private Equity Deals for the First Six Months of 2003
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Hollywood Lawyer Bert Fields Caught In Probe
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Corporate Reform:

Malone, Kerkorian Are Exempt From New "Independent Director" Exchange Rules
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Ex-Dynegy executives' attorneys score one
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Links Seen in Stewart, Quattrone Cases
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Spitzer's Strategy: One Fund at a Time
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Scrushy's lawyers say they will contest government freeze on assets
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HealthSouth leader knew he was targeted by ex-CEO
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Agway To Sell Energy Unit; Seeks Time To File Reorg Plan
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Recycler returns to bankruptcy court
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San Diego Software Firm Peregrine Systems to Deliver New Shares to Holders
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UMW official says Horizon Natural Resources benefits are assured
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  Enron:

Report: Fastow's Wife Seeking Plea Deal
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Bankruptcy Court Authorizes Collateral In Sierra Pacific Resources-Enron Dispute
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E-mails show Rowland involvement in Enron fuel cell project
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Banks make claims against India over Enron plant
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Tensions Tighten between Portland, Ore., Officials and Enron-Owned Utility
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Court Rules in Enron ERISA Litigation - A Cautionary Tale for 401(k) Plan Sponsors, Boards of Directors and Other Plan Fiduciaries
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Midstream Natural-Gas Firms Grow Quickly, Build on Enron's Rubble
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Airlines:

United close to accord at DIA
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United is linked to 'Ted' campaign on Net message boards
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American Airlines chief executive not sure low-cost subsidiary would fly
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Airline's creditors seeking court intervention - Concerned about company's relationship with affiliates of GE Capital Aviation
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HomeGold creditors might recover more
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Pittsburgh:

Pittsburgh readies distress signal
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Debt pushes Pittsburgh to the brink
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City may seek distressed status
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A Reservist's Reward -- Bankruptcy
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Energy:

NRG Energy, Inc. Reaches Settlement To Resolve Connecticut Pact Issues
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State settles dispute with bankrupt power supplier
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US Senate Votes To Fight Energy Market Manipulation
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Montana Gov OKs Fund For State Interest In NorthWestern Case
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NWC paid 25 execs $2.6M in bonuses
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Penthouse Founder Bob Guccione Resigns as CEO
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Bankruptcy, arson issues split court
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Eldridge Hotel owner considers filing Chapter 11
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Discrepancy in NWIG legal fund
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2003 Amendments to Delaware Limited Company, Limited Partnership and General Partnership Statutes
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Trustee of Bankrupt Stock Swindler Repays $39 Million to Creditors
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Firm distributor bankrupt
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Bankrupt Spiegel seeks to expand Eddie Bauer
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Attorney out to grill bankrupt Texas Grill
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Bankruptcy Tools
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Objections stall Alterra confirmation
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Horsehead retirees keep benefits
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Pillowtex sale doesn't include Eden plant
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Same-store sales down for Sears, Field's, Spiegel
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SEC Considers Civil Action against Dean Foods in Connection with Bankrupt Firm
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UK:

UK individual bankruptcies surge in Q3
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Individual Bankruptcies increasing but Company Insolvencies are down
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Telewest signals better financials but no debt clear-up
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Going for broke
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Steady as she goes as Bank reverses gear on interest rates
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Rising interest rates spell trouble for debt-ridden Britain
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Argentina:

Argentina Extends Partial Ban on Mortgage Foreclosure
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Canada:

Bombardier CEO Says He'll Move Plants Unless Canada Gives Aid
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Bankruptcy Proceedings: Workers First, Banks After...
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Creditors and Court Accept Goldray's Proposal for Sale of Assets
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Japan:

Bad loans at major banking groups decline 13%
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Germany:

Triggering WCM's breakup
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Nazi gasmaker insolvency bad for slave laborers
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Indonesia:

Indonesia Bk Fraud Shows Reform Not Yet Completed
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