July 2, 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

         

Energy:

Fed panel sues Minnesota utility NRG for alleged energy-price manipulation
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NRG Responds to CFTC Complaint
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Courts increase pressure on Navigator Gas
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Law:

Jones Day launches Moscow base
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Duane Morris makes second swoop for Luce Forward lawyers
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Lloyd's of London Says Lawyers Botched Defense in Negligence Case
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Chairwoman of largest Buffalo, N.Y., law firm to retire
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Accounting:

IRS says amnesty offer to net billions
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Accounting-standards panel may have second thoughts about options expensing
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Ex-KPMG consultancy partners flock back
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Granite Furniture is in the battle of its life
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70 months for Tony Erpenbeck
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Jimmy Vanishes
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Country club plans Chapter 11 filing
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Finding help for debtor daughter
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Pittsburgh: A thin council majority does the right thing
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Adelphia gets court OK for $8.8 billion financing
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Judge rules Adell bankruptcy case will advance to confirmation hearing
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Employees angered over Malik bankruptcy
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Bankruptcy court approves settlement deal for Avalon
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DB Mart's parent files Chapter 11
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State Opposes Sale of Bankrupt Costa Mesa Gun Maker
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Thaxton Group Dismisses Auditor Cherry, Bekaert & Holland
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State investigates Florida Center for Cosmetic Surgery
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Hollinger Inc. files expected lawsuit against Hollinger Intl.
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Counseling services often a double-edge sword for people in debt
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Sale of Bedford County, Va., Rubber Plant Put on Hold After Judge's CBA Ruling
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Daisytek battles in France and Germany
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Airlines:

ATA's situation critical, union says as it urges cuts
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United DIA hub in peril?
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Hawaiian Air leads local stocks despite bankruptcy
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Shedding small pension plans possible
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Alitalia Says It Needs Loan by September
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Air Canada restructuring plan draws praise from analysts
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Delta pilots expect formal contract talks soon
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Should Investors Take A Flier on Delta Air?
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Telecoms:

GlobalNet unit files Chapter 11
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Corporate Reform:

Forstmann Breached Connecticut Contract, Jury Finds
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Teddy Skate$
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Firm wants Rigases held in contempt
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Still no verdict as Adelphia trial marks four months
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Asbestos:

Asbestos body loses union's trust
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Asbestos trust in payout move
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Enron:

Indian Corp Challenges US Bankruptcy Court's Order On Dabhol
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Mystery man of Kmart keeps shareholders on an even keel
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Uninsured billed unfairly
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AFTERMATH OF A SUPPLIER'S COLLAPSE: DCT exec's home seized, up for sale
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With Hurwitz, FDIC got more than it bargained for
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Bankrupt ONE sues chemical carriers over alleged cartel
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Kaiser Aluminum completes sale of Alpart alumina interest
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Sure Fit exclusivity extended
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Investors Wonder How KMart Will Spend $3 Billion
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Acclaim Entertainment Warns of Bankruptcy Possibility
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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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UK:

UK lawyer sets record in BCCI vs Bank hearing
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Jobs fear as M&S plans to cut 100m
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Pension law blow for footwear firm
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Bankrupt? Now you can be checked out online
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Directors face loss of assets under new pension powers
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Information for and about Insolvency Practitioners
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Measures to help recovery from bankruptcy
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UK to implement UNCITRAL model law
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Russia:

Russia cannot influence debt securitization
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Yukos May Start to Shut Oil Production Next Week
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YUKOS offers to sell its Sibneft stake
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Yukos has five days to pay ý1.9bn
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Yukos tax bill climbs to 6.7B
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Tax police raid Yukos to serve $3bn ultimatum
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YUKOS falls 17% at RTS
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Yukos Goes From Business Leader to Outcast
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Yukos Chmn: Crt Refusal To Accept Sibneft Stake "Stupid"
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Yukos faces production shutdown
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Russian court freezes Yukos accounts
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For Yukos investors, no outcome is good
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Yukos bankruptcy threat as accounts frozen
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Businessmen won't discuss Yukos at Kremlin meeting
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India:

Cotton farmers escape 'death trap'
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Korea:

LG Card seeks $1.3 bln in fresh aid from creditors
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Mexico:

Mexico SatMex: Filing For Bankruptcy Protection An Option
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Italy:

Italian and Irish courts clash over Parmalat
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