August 27, 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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Asbestos:

Debtor's Counsel May Be Conflicted In Contentious Asbestos Bankruptcy
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Equitas settles with Hercules for $97m
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W.R. Grace Shares Rise 18%; NYSE Asks for Explanation
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Armstrong resolving more bankruptcy issues
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Judge to rule next week on settlement in Halliburton lawsuit
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SA unions consider joining Hardie ban
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Kerry Proposes Crackdown on Credit Card Abuses
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Bankruptcy Judge Orders Bankrupt Winery To Provide Samples For Tasting
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Enron:

Investors file Citigroup lawsuit over dealings related to Enron
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Law:

Pachulski knocked off Brobeck case
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Bidder Emerges for Suit Over Brobeck Collapse
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Hiring Former Jurors as Trial Consultants Catches On
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3rd Circuit Sees Through 'Ghostwritten' Opinion
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Judge gets an unusual scolding
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Premature Labor No Excuse for Missed Bankruptcy Court Deadline
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Lawyers show Mrs. Mopp the back door
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These Five Firms Had to Change Their Direction to Change Their Fate
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Law Firms Hosting Parties for GOP, Including One Aboard the Intrepid
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Firms Eye Younger Lawyers in Tight Lateral Market
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Partner Buys $4 Million Home So His Kids Can Be Closer to the Water
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Telecoms:

MCI Offers to Pay Part of States' Claims
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Former founder may bid for Supra
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Familiar face set to bid for Supra
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Global firms reap US telecom harvest
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Accounting:

Big 4 Firms Missed Problems
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E-Mails Detail Tax Shelter Business After IRS Ordered KPMG to Stop
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You Don't Know Dick
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Big Four Acctg Firms Receive Criticism In PCAOB Review
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Calpine accounts questioned
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Kaiser Ventures to restate recent results
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New Jersey Offering Amnesty on Abusive Tax Shelters
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Corporate Reform:

Ruling clears way for trial in WorldCom case in Alabama
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Bankers settle conflict case for millions
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Quarterly earnings not so sweet for Krispy Kreme
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SF Met Building Goes to Worthy In Bankruptcy Sale
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Airlines:

July net profit of $6 million disappoints United parent
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United Air's bulging pension bill gives US govt sleepless nights
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Agreement reached on Hawaiian Airlines reorganization
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Trustee Joins Company in Bankruptcy Plan
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Hawaiian Airlines Trustee & Hawaiian Holdings Agree on Joint Plan of Reorganization
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American Airlines says cost of fuel thwarts turnaround
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US Airways negotiations: 12 angry men
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Continental pilots' eyes on the future
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Creditors Won't Restructure Delta Debt
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New AA flight attendants leader pledges new leadership
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Alitalia seen slashing workforce
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ATA called likely to trim at Midway
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Pilots at 2 airlines may alter pensions
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Delta investors move to block restructuring
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Energy:

Mirant hopes to emerge from bankruptcy in first half of next year
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Mirant Appoints M. Michele Burns Chief Restructuring Officer
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Partial revote for NorthWestern
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Charley's winds push up unemployment filings
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International Wire's plan to exit bankruptcy next month is OK'd
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Adelphia:

Bonuses battle at Adelphia
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Judge delays ruling on Adelphia retention deal
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Steel:

Auburn Foundry union OKs pay, benefit concessions
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Credit Bureaus Shun Identity Theft Weapon
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Cohen is shown the Sears exit
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Teleglobe Gets Notice Of Delisting; Fails To File 10-Q
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$80 Million Crematory Settlement Is 'Monopoly Money,' Says Attorney
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Bankruptcy a means to achieve business goal
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Tower talks reported with possible buyer
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Consumers for Responsible Credit Solutions Warns of a Future Bankruptcy Explosion if Most States or Congress Don't Act to Change Current Credit Counseling Laws
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Terra to acquire Mississippi Chemical
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NADN trustee files more complaints
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Liberation Investment Group Delivers Letter to Bally Total Fitness
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Will Trump be Dean of mean?
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W.Va. Mayflower auto stamping plant to cut about 375 jobs
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CCCS not looted
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DIRECTV-Pegasus-NRTC Settlement Approved by Bankruptcy Court
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Attorneys' Fee Award By Bankruptcy Court As Sanction Against Law Firm Affirmed
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More Americans Were Uninsured and Poor in 2003, Census Finds
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UK:

More Money Woes For Ayr As Boss Quits
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Thatch son was set to flee
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Welsh set to ease 70m debt
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DTI says no to credit card interest rate cap
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City slickers slack with Debt!
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Korea:

Probe Starts on LG Card Manipulators
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Russia:

Russia mulls debt swap deal
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MP says Russian court sided with Canadian firm evicted from Moscow hotel
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Prosecutors seize Yukos records
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Central Bank Seeks Dialog Optim Bank's Bankruptcy
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India:

Dabhol's Indian, Foreign Lenders Near Deal
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Japan:

Creditors Push Japanese Retailer to Take Bailout Offer
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Defaults `less likely' in Asia-Pacific
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South Africa:

Liquidation inquiry trail leads to failed pyramid scheme
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Liquidators are using black employees as bidding fronts
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Netherlands:

Singer N.V. Announces Extension of Tender Offer for Brazil Secured Notes
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Nauru:

Spanning the globe, we give you Nauru
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Brazil:

Brazil Congress to Block Passage of Lula Bankruptcy Bill
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Mexico:

Court OKs Bankruptcy Protection For Mexico's Corp Durango
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Italy:

Parmalat wins extension on assets
(The Deal: separate paid registration required)

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New Zealand:

Bankruptcy Reform: Credit Where It's Due
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