June 24, 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

         
Airlines:

Air Canada Gets Investment Deal with Cerberus
(DBN Subscription Required)

Hastert defends United Air loan guarantee support
(DBN Subscription Required)

More United cost cuts coming
(DBN Subscription Required)

UAL revises ATSB loan request
(DBN Subscription Required)

Cerberus bounds back to Air Canada
(DBN Subscription Required)

Alitalia to Avoid Bankruptcy, Industry Minister Says
(DBN Subscription Required)

CEO sees consolidation of airlines as industry changes
(DBN Subscription Required)

EU Warns Italian Government on Alitalia
(DBN Subscription Required)

SAS says it won't make a profit this year
(DBN Subscription Required)

Bankrupt Armenian Carrier Unable To Clear Huge Debt
(DBN Subscription Required)

________________

Telecoms:

Allegiance Telecom Acquired by XO Communications
(DBN Subscription Required)

Telecom revises bankruptcy plan Ahead says its proposal better all around
(DBN Subscription Required)

________________

Asbestos:

$1.153 million asbestos award upheld
(DBN Subscription Required)

Analyst: Toxic-waste claims will hurt St. Paul Travelers, overshadow asbestos claims
(DBN Subscription Required)

_______________

Accounting:

States Take Aim at 'Geoffrey' Tax Loophole
(DBN Subscription Required)

FASB Issues Proposal on Fair Value Measurements
(DBN Subscription Required)

_____________

BMC Industries files for bankruptcy; to sell assets
(DBN Subscription Required)

Pittsburgh: McMurray man charged with bankruptcy fraud
(DBN Subscription Required)

Fourth Circuit's Literal Interpretation of Bankruptcy Code a Victory for Licensors of Intellectual Property
(DBN Subscription Required)

US Catholic diocese threatens bankruptcy after abuse payouts
(DBN Subscription Required)

Cashing in on debt collection
(DBN Subscription Required)

Pittsburgh council OKs recovery plan
(DBN Subscription Required)

Former CFS top executive's land sold to developer in Tulsa, Okla.
(DBN Subscription Required)

Comdex cancels November 2004 convention
(DBN Subscription Required)

KnightHawk Completes Restructuring Activities
(DBN Subscription Required)

HealthSouth taps ex-HCA official as chief operating officer
(DBN Subscription Required)

Big Buck's bankruptcy is costly for pension plan
(DBN Subscription Required)

An ordeal for the uninsured -- Hospital's tough billing and collection tactics are spurring some to action
(DBN Subscription Required)

Federal Judge Rules Quakers Must Obey IRS Levy on War Tax Protester's Wages
(DBN Subscription Required)

Personal Bankruptcy Rate in Utah is Twice the National Average
(DBN Subscription Required)

Hotel Bankruptcies: Offensive Weapon or Bad Faith Filing?
(DBN Subscription Required)

Tobacco plant in Virginia to close -- 510 jobs go
(DBN Subscription Required)

Hazleton musician's son, friend to pay bankruptcy trustee
(DBN Subscription Required)

Cleveland: EB Brown closes in bankruptcy crisis
(DBN Subscription Required)

Former police officer indicted for bankruptcy fraud
(DBN Subscription Required)

  Enron:

Former Enron, Merrill Lynch Officials Get New Charges
(DBN Subscription Required)

Enron barge trial may be delayed again
(DBN Subscription Required)

Sleuthing PUD succeeds where regulators failed
(DBN Subscription Required)

________________

WorldCom Bankers Balk at Pact
(DBN Subscription Required)

Law:

Top firms seek to move client relations goalposts
(DBN Subscription Required)

Win $90 Million for Client -- Face Malpractice Suit
(DBN Subscription Required)

Weil Gotshal Takes Double Honors in the UK at the Lawyer Awards 2004
(DBN Subscription Required)

San Diego branch in spotlight as Clifford Chance sees end of California dream
(DBN Subscription Required)

Holland & Knight to build training site
(DBN Subscription Required)

The Lawyer Awards 2004: The winners
(DBN Subscription Required)

Diversity Scorecard 2004
(DBN Subscription Required)

Skadden Arps chief gets third term
(DBN Subscription Required)

No Back Pay for DOJ Lawyers, Says Federal Circuit
(DBN Subscription Required)

Dutch firms go limited amid firm "meltdown" claim fears
(DBN Subscription Required)

Firms are having to employ stricter and more complicated means of virus defense
(DBN Subscription Required)

Clifford Chance's very own stock drop flop
(DBN Subscription Required)

The basic requirements to ensure superior profit performance in the longer term
(DBN Subscription Required)

Courting Shell
(DBN Subscription Required)

Lawyers: End Mandatory Sentences
(DBN Subscription Required)

Relationships with in-house and external lawyers -- How lawyers can add value
(DBN Subscription Required)

Californian lawyers attack Arnie class action tax bill
(DBN Subscription Required)

_______________

Steel:

Judge endorses order to get Stelco talks going
(DBN Subscription Required)

Stelco, Steelworkers union clear hurdle over grievance procedures
(DBN Subscription Required)

_______________

Corporate Reform:

Conn. judge dismisses some charges against Forstmann
(DBN Subscription Required)

Adelphia case `Rigas-cide'
(DBN Subscription Required)

Hollinger: All parties await next move by Black
(DBN Subscription Required)

Black threatens fight over sale
(DBN Subscription Required)

Mutual fund governance changes OK'd
(DBN Subscription Required)

US investment bank takes on new responsibility -- greater oversight of structured finance transactions
(DBN Subscription Required)

Jury Suggests Chicago Tycoon Forfeit $30M
(DBN Subscription Required)

________________

College fee probe extends to Corinthian
(DBN Subscription Required)

Springfield bailout plan revised
(DBN Subscription Required)

Crescent Operating Announces Plan Confirmation
(DBN Subscription Required)

Royal Dutch//Shell hires ABB saviour Voser as CFO
(DBN Subscription Required)

Shell Picks Voser From ABB to Become Finance Chief
(DBN Subscription Required)

One suit out for Texas Grill owners -- Bankruptcy judge rules that allegations were not strong enough to prove fraud
(DBN Subscription 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)

Sale of Bankrupt Gun Firm Postponed

American Italian Pasta Cuts Jobs
(DBN Subscription Required)

Atkins Impact In Pasta Plunge
(DBN Subscription Required)

Rock & Rolled
(DBN Subscription Required)

UK:

FSA highlights conflicts issue
(DBN Subscription Required)

US litigator warns European corporates to get their house in order because US-style shareholder litigation is coming their way
(DBN Subscription Required)

Cyberes PLC -- In administration
(DBN Subscription Required)

I owed 14000 - so I made myself bankrupt
(DBN Subscription Required)

__________________

Canada:

No more tax breaks for New Skeena
(DBN Subscription Required)

New Skeena lining up big investor
(DBN Subscription Required)

Enershare Technology Corporation files assignment in bankruptcy
(DBN Subscription Required)

___________________

Japan:

Firms with ties to Mitsubishi fret
(DBN Subscription Required)

Mitsubishi Motors Gets 165 Bln Yen as Bailout Begins
(DBN Subscription Required)

__________________

Russia:

Court Lifts Injunction Shielding Oil Giant
(DBN Subscription Required)

Way Cleared for Seizing Yukos Assets
(DBN Subscription Required)

Liquidity crunch prompts Russian bank sell-off
(DBN Subscription Required)

Yukos to try to annul decision of court of lower instance
(DBN Subscription Required)

Yukos Says no Official Talks with Government Yet
(DBN Subscription Required)

Russian Central Bank Revokes AKB Credittrust License
(DBN Subscription Required)

_________________

China:

China set to clarify bankruptcy protection
(DBN Subscription Required)

Bank deals to keep China mergers growing-KPMG
(DBN Subscription Required)

_______________

Hong Kong:

ADB launches fund to invest in ailing firms
(DBN Subscription Required)

__________________

Argentina:

Argentine sovereign default fund struggles
(DBN Subscription Required)

__________________

Australia:

Don't change insolvency laws: PBB
(DBN Subscription Required)

McWatters Mining creditors approve restructuring plan, sale to Century
(DBN Subscription Required)

Loans for New Type of Bankrupt
(DBN Subscription Required)

___________________

Poland:

Experts Urge Work on Consumer Bankruptcy
(DBN Subscription Required)

_________________

Italy:

Newco Will Be Named Parmalat Spa, 11 Members Board
(DBN Subscription Required)

Milk Co. Lala In Talks To Buy Parmalat Mexico
(WSJ: separate paid 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