August 6 , 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)  at: http://bkinformation.com/News/DailyNews.htm

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

         

Enodis loses in Consolidated fraudulent conveyance case
(DBN Subscription Required)

Enron:

Ex-Enron Trader Must Aid Swindled States
(DBN Subscription Required)

Former Enron trader pleads guilty to manipulating energy market
(DBN Subscription Required)

Enron wants to block pension plan takeover
(DBN Subscription Required)

Enron Battles Govt Agency Over Funding Of Pensions
(DBN Subscription Required)

_________________

Asbestos:

Something is rotten in the State of Denmark.
(DBN Subscription Required)

B-Reader Article
(DBN Subscription Required)

Here Comes the Judge - Wolin
(WSJ: separate paid subscription required)

Union Carbide sued for $100 mln over asbestos
(DBN Subscription Required)

Union fury over Federal Mogul pensions
(DBN Subscription Required)

Federal-Mogul sees $3B debt
(The Deal: separate paid registration required)

James Hardie 'misused' liability estimates
(DBN Subscription Required)

James Hardie deserves fate
(DBN Subscription Required)

US fund punts on Hardie
(DBN Subscription Required)

Inquiry Accepts James Hardie Defense On Netherlands Move
(DBN Subscription Required)

Court ruling will see Hardie asbestos payouts continue
(DBN Subscription Required)

James Hardie finds shortfall 'unsatisfactory'
(DBN Subscription Required)

Costello warns business against offshore escape plan
(DBN Subscription Required)

Hardie misused our report: adviser
(DBN Subscription Required)

Asbestos poisoning: a "shabby thing"
(DBN Subscription Required)

______________

Law:

Fla. Investors Sue Sidley Austin and KPMG Over Tax Shelters
(DBN Subscription Required)

Judge 'Resigns' to End Hostage Standoff
(DBN Subscription Required)

GCs Want More Attention From Outside Counsel
(DBN Subscription Required)

Panel Revives Suit That Alleges Fraud by Jones Day Firm
(DBN Subscription Required)

The Plaintiffs' Hot List
(DBN Subscription Required)

Help Wanted at Holland & Knight
(DBN Subscription Required)

When Life Was Simple, Blackberries Were Fruit
(DBN Subscription Required)

______________

Telecoms:

MCI set to downsize residential service
(DBN Subscription Required)

MCI loses money, but not as much as expected
(DBN Subscription Required)

_______________

Elderly couple claim big loss in coal company's bankruptcy
(DBN Subscription Required)

RCN Cable files Chapter 11 bankruptcy
(DBN Subscription Required)

RCN Files Non-Operating Subsidiary in Chicago as Part of Restructuring Process; Company Remains Committed to Its Chicago Customers and Employees
(DBN Subscription Required)

Medical bills figure in personal bankruptcy
(DBN Subscription Required)

Lawsuit ends on uninsured care bills
(DBN Subscription Required)

Gov't Holds Millions in Unclaimed Pensions
(DBN Subscription Required)

The Gap's recovery in doubt
(DBN Subscription Required)

Restoring credit not as simple as paying off debts
(DBN Subscription Required)

Unemployment Numbers Come Out Today
(DBN Subscription Required)

Consumer Confidence Highest Since January
(DBN Subscription Required)

Tyson out for the count
(DBN Subscription Required)

Fair Grounds auction may be avoided
(DBN Subscription Required)

Schlotzsky's Toasted -- The sandwich shop franchiser files Chapter 11 to clear its plate of years' worth of missteps
(DBN Subscription Required)

Las Vegas bankruptcy Court on the move
(DBN Subscription Required)

Wyeth, lawyers for fen-phen users propose new settlement
(DBN Subscription Required)

Settling Debts -- Two situations in which brokers owe clients money involve two very different solutions
(DBN Subscription Required)

 

Airlines:

US Airways Warns SEC It May Have to Re-Enter Bankruptcy Protection
(DBN Subscription Required)

UAL pensions pressure rivals
(DBN Subscription Required)

UAL pension issue has big implications
(DBN Subscription Required)

They All Want Hawaiian Airlines -- Despite Bankruptcy Case
(WSJ: separate paid subscription required)

Union: Delta seeks non-economic concessions
(DBN Subscription Required)

Fitch cuts Delta Air Lines ratings, outlook negative
(DBN Subscription Required)

Airline union wants its say
(DBN Subscription Required)

US Airways mechanics appear to soften stance a bit
(DBN Subscription Required)

Sun Air liquidators forge ahead with claim against SAA
(DBN Subscription Required)

Avianca's Pilots Threaten To Go On Strike In Colombia
(DBN Subscription Required)

U.S. airlines on pace for record flight delays
(DBN Subscription Required)

Two-Buck Chuck Comes From Bankrupt Airline ??
(DBN Subscription Required)

_______________

Energy:

US Appeals Crt: District Crt Can Decide Mirant-Pepco Rejection Case
(DBN Subscription Required)

Pepco Holdings, Inc. Says Bloomberg Report on Court of Appeals Decision is Erroneous and Misleading
(DBN Subscription Required)

______________

Accounting:

Ex-Halliburton staff allege accounting fraud
(DBN Subscription Required)

Grant Thornton banned from US work for 5 years
(DBN Subscription Required)

Size doesn't matter to Deloitte
(DBN Subscription Required)

Coke Says It Inflated 2003 Volume Numbers
(DBN Subscription Required)

CFA Exam's First Level Failed by Thousands

Insurers set to court Big Four if auditor cap
(DBN Subscription Required)

House Speaker Hints of Eliminating Income Tax, IRS

Internal Audit's Sarbox Role
(DBN Subscription Required)

________________

Corporate Reform:

Dallas Morning News overstated circulation
(DBN Subscription Required)

Credit corporate reforms to legislation, market forces
(DBN Subscription Required)

Halliburton wrist-slapping ties loose end, opens doors
(DBN Subscription Required)

Whistleblower Can't Collect on Settlement
(DBN Subscription Required)

FASB Affirms Plan To Require Options Expensing
(DBN Subscription Required)

SEC probes allegations of improper trades at Evergreen
(DBN Subscription Required)

Companies Struggle with New Chief Compliance Officer Position

______________

Schlotzsky's delisted from Nasdaq
(DBN Subscription Required)

AstroPower Closes Chapter 11 Sale Of Spanish Unit
(DBN Subscription Required)

Bankruptcy hearing angers Malik employees
(DBN Subscription Required)

New jobless numbers bode well for recovery
(DBN Subscription Required)

2 suspended priests from Ariz. defrocked
(DBN Subscription Required)

Abuse victims ask bankrupt church to publish letter
(DBN Subscription Required)

Portland, Ore., archdiocese loses round in property ownership fight
(DBN Subscription Required)

Megachurch, pastor to file for bankruptcy
(DBN Subscription Required)

Crude Oil Rises to a Record on Concern About Supply, Capacity
(DBN Subscription Required)

Markets fall as price of crude shoots up
(DBN Subscription Required)

United States Bankruptcy Court Approves Designation Rights for 76 Chi-Chi's Properties to Outback Steakhouse, Inc.
(DBN Subscription Required)

Schlotzsky's to use cash collateral
(The Deal: separate paid registration required)

Global junk bond default rate down in July
(DBN Subscription Required)

Kiel wins final DIP loan OK
(The Deal: separate paid registration required)

 

 

New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
(DBN Subscription Required)

Weird News
(DBN Subscription Required)

Overwhelmed by debt -- With mother fighting cancer, kids pitch in to raise money
(DBN Subscription Required)

Bills piling up? Hold a family meeting - and be frank with creditors
(DBN Subscription Required)

Ex-crew of bankrupt ship must be paid
(DBN Subscription Required)

"Tenancy By The Entireties" No Longer Protected in Bankruptcy?
(Martindale: separate free registration required)

Dan River Will Face Tougher Climate
(DBN Subscription Required)

Solutia may sell pharma services business
(DBN Subscription Required)

Finding The Right Restructuring Remedy For Middle-Market Turnarounds
(DBN Subscription Required)

UK:

Axed workers to seek 1.1m pay-off
(DBN Subscription Required)

Dundee Back In Business
(DBN Subscription Required)

Individual bankruptcies surge
(DBN Subscription Required)

New regime 'contributes' to soaring bankruptcy
(DBN Subscription Required)

PricewaterhouseCoopers comment on the bankruptcy figures
(DBN Subscription Required)

T&N workers may lose pension benefits
(DBN Subscription Required)

BE chairman clashes with investors over restructuring deal
(DBN Subscription Required)

Hedge fund sends banner wavers against BE deal
(DBN Subscription Required)

Current Distressed Companies Update
(DBN Subscription Required)

U.K. Personal Insolvencies Reached Record in Second Quarter
(DBN Subscription Required)

Council to bankrupt tax dodgers
(DBN Subscription Required)

Aviation & General gets injunction
(The Deal: separate paid registration required)

_______________

Russia:

YUKOS Has No Money in Accounts -- Source
(DBN Subscription Required)

Kremlin denies Yukos compromise
(DBN Subscription Required)

Yukos to sell Rospan stake to TNK-BP
(DBN Subscription Required)

Yukos stock plummets in opening trade
(DBN Subscription Required)

Yukos accused of attempting blackmail
(DBN Subscription Required)

Russia roiled in oil / Officials' erratic treatment of Yukos boosts crude price
(DBN Subscription Required)

_______________

Canada:

Bear market 'devastated' pension funds
(DBN Subscription Required)

Groupe Bocenor Gets Court OK For Creditor Proposal
(WSJ: separate paid subscription required)

'Maybe some soccer balls' -- Creditors may have a hard time collecting anything from franchise
(DBN Subscription Required)

_______________

Korea:

Retail Sales Shrink 17 Consecutive Months to June
(DBN Subscription Required)

Merrill Lynch invests 400 million dollars in South Korea's LG Card
(DBN Subscription Required)

_________________

Japan:

UFJ Says Merrill Loan Bad Debt Venture Hinges on Mitsubishi Tokyo Merger
(DBN Subscription Required)

UFJ Reports $825 Million Loss
(DBN Subscription Required)

_______________

Italy:

Parmalat Sues UBS, Seeking to Recover 290 Million Euros
(DBN Subscription Required)

Parmalat May Friday File Second Lawsuit Against Bank
(DBN Subscription Required)

_______________

Nauru:

Crisis-hit Nauru asks neighbors for help
(DBN Subscription Required)

________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com