June 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 prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         
Enron:

Fastow Not On Prosecution Witness List For 1st Enron Trial
(DBN Subscription Required)

Enron Traders Caught On Tape
(DBN Subscription Required)

________________

Accounting:

HealthSouth auditors uncover immense fraud
(DBN Subscription Required)

Break Up the Big Four?
(DBN Subscription Required)

PwC Probed on Auditor Independence
(DBN Subscription Required)

Recent Auditor Changes
(DBN Subscription Required)

_________________

Corporate Reform:

Ex-HealthSouth executive given 6 months' house arrest
(DBN Subscription Required)

Frist to Delay Action on Lawsuits Bill
(DBN Subscription Required)

Govt Attacks John Rigas' First Defense Witness
(DBN Subscription Required)

Prosecution rests in trial of ex-Adelphia execs
(DBN Subscription Required)

Feds attack credibility of Adelphia defense witness
(DBN Subscription Required)

Officials are probing if funds linked to a Nigerian plant were deposited in a Swiss account controlled by KBR's ex-chairman
(DBN Subscription Required)

HealthSouth Setback for U.S.
(WSJ: separate paid subscription required)

Spitzer: Confident `We Will Win' Grasso Case
(DBN Subscription Required)

SEC Taking Second Stab At Controversial Bank Rules
(DBN Subscription Required)

_________________

Steel:

International Steel Group Turns Losers into Winners as Industry Rebounds
(DBN Subscription Required)

______________

Asbestos:

Jury Awards $10M In Asbestos Case Against Ford
(DBN Subscription Required)

________________

Troubled casino finds a buyer
(DBN Subscription Required)

Ameristar Casinos Agrees to Acquire Mountain High Casino in Black Hawk, Colorado
(DBN Subscription Required)

Moody's Offers a Word of Caution on Municipal Swaps
(DBN Subscription Required)

Lawyers grill Forstmann over $125 million loss
(DBN Subscription Required)

Connecticut says Forstmann misrepresented strategy
(DBN Subscription Required)

Aladdin reports another profit
(DBN Subscription Required)

Break-Up Fees Under Attack: Is There Reason for Alarm?
(DBN Subscription Required)

Is it a Capital Contribution or a Loan?
(DBN Subscription Required)

Rule #1: Cash is King -- Rule #2: Cash is King --How to Insure that You Get to Keep All of Your Cash with Credit Insurance
(DBN Subscription Required)

Common Reasons for Payment Default by Foreign Buyers
(DBN Subscription Required)

More Families Bank on Loans for College
(DBN Subscription Required)

  Airlines:

Delta Air Lines Creditors Close Ranks
(DBN Subscription Required)

Saybrook Mulls Forming Delta Air Creditors Committee
(DBN Subscription Required)

Bosses' pay takes a dive at Air Canada
(DBN Subscription Required)

Domestic airlines outsource and in-source maintenance work all over world
(DBN Subscription Required)

Avianca OKs Sinergy Bid
(DBN Subscription Required)

Imminent "bloodbath" in the aviation industry
(DBN Subscription Required)

Arrow Air Reaches Tentative Collective Bargaining Agreement with Its Pilots
(DBN Subscription Required)

Dual Failure of US Airways & Delta Would Set Back Aircraft Values for Two Years
(DBN Subscription Required)

_________________

Law:

Real Lawyers to Compete in TV Series
(NYT: separate free registration required)

At Belnick Trial, Wilmer Cutler Is Key to Both Sides
(DBN Subscription Required)

Excess baggage
(DBN Subscription Required)

Lawyer Accused of Illegal Campaign Gifts By Reimbursing Staff For Their Contributions
(NYT: separate free registration required)

Lawyers as managers often confuse bluntness with candor
(DBN Subscription Required)

We`re Not In Kansas Anymore! The Challenges of Globalization
(DBN Subscription Required)

Freshfields faces M&S conflict challenge
(DBN Subscription Required)

_______________

Dow Corning plan fully pays bondholders
(DBN Subscription Required)

Chiofaro claims leases boosting towers
(DBN Subscription Required)

Utah fitness foundation files for bankruptcy as investigation continues
(DBN Subscription Required)

Kaiser Aluminum Says U.S. Bankruptcy Court Affirms Termination of Retiree Benefits
(DBN Subscription Required)

Court Refuses To Block Regal Entertainment Special Div
(DBN Subscription Required)

Counties cut deal on WorldCom debt
(DBN Subscription Required)

Jury begins deliberating Hoover case
(DBN Subscription Required)

Judge Orders Bankruptcy Attorney To Pay Debtors For Loss Of Their Homestead
(DBN Subscription Required)

Optibase Announces Completion of Media 100 Asset Acquisition
(DBN Subscription Required)

Toledo, Ohio-Area Bankruptcy Rate Remains High
(DBN Subscription Required)

Under State Law, Consumer Can Reclaim Repossessed Vehicle From Creditor After Filing Bankruptcy Proceedings
(DBN Subscription Required)

XO, Allegiance creditors stalled
(The Deal: separate paid registration required)

Trump Hotels makes an overdue interest payment, but its troubles aren't over yet
(DBN Subscription Required)

Supreme Court Holds Adversary Proceeding to Determine Dischargeability Does Not Implicate Eleventh Amendment Sovereign Immunity
(Martindale: separate free registration required)

 

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
(DBN Subscription Required)

Weird News
(DBN Subscription Required)

Till v. SCS Credit Corp.
(Martindale: separate free registration required)

UK:

High life heralds trouble as individual debt nears 1 trillion
(DBN Subscription Required)

Warriors put into liquidation
(DBN Subscription Required)

Personal bankruptcies fall north of border
(DBN Subscription Required)

Solicitors to earn percentage of debt collection services
(DBN Subscription Required)

Marks & Spencer brings in big guns
(DBN Subscription Required)

Current Distressed Companies Update
(DBN Subscription Required)

______________

Australia:

Gympie Gold escapes liquidation
(DBN Subscription Required)

Reach may need more Telstra cash
(DBN Subscription Required)

__________________

Italy:

Turnaround expert takes helm of Fiat after CEO's exit
(DBN Subscription Required)

_______________

Canada:

Bankruptcy rates pull back in April
(DBN Subscription Required)

________________

Argentina:

Argentina Improves Debt Offer With Past-Due Interest
(DBN Subscription Required)

Argentine investors reject debt offer
(DBN Subscription Required)

Japanese seek more detail on Argentina's debt repayment
(DBN Subscription Required)

Creditors File Bankruptcy Petitions vs Argentina SCP Unit
(WSJ: separate paid subscription required)

_______________

Brazil:

CIBC, Dart Suit Against Brazil on Bonds Can Proceed
(DBN Subscription Required)

________________

Nauru:

GE Poised to Bankrupt Nauru, Island Stained by Money-Laundering
(DBN Subscription Required)

________________

Russia:

Gazprom ready to buy YUKOS
(DBN Subscription Required)

Moscow court ruling pummels Yukos stock
(DBN Subscription Required)

__________________

Thailand:

Prachai files lawsuit against TPI creditors as rehab plan okayed
(DBN Subscription Required)

________________

Japan:

Kanebo urged to get its act together
(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