May 13, 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

         
Airlines:

MidAmerica seeks to seize collateral on loan to airline
(DBN Subscription Required)

US Airways wants more concessions from unions
(DBN Subscription Required)

Moody's says may cut Delta Air Lines ratings
(DBN Subscription Required)

Low-fare carriers keep expanding
(DBN Subscription Required)

Watchdog wants to protect air customers
(DBN Subscription Required)

JetGreen.gone - budget fliers stranded as airline goes bust
(DBN Subscription Required)

Irish budget airline goes bust after a week
(DBN Subscription Required)

Some European Airlines Appear to Be Headed for Bankruptcy in Crowded Market
(DBN Subscription Required)

Pilot deal Delta's key lifeline
(DBN Subscription Required)

______________

Steel:

Georgetown Steel bid process approved
(DBN Subscription Required)

Rennart: WCI Steel too heavy
(DBN Subscription Required)

Havens Steel gets $80M DIP loan
(The Deal: separate paid registration required)

Steel rolls again from Cleveland plant
(DBN Subscription Required)

WCI Welcomes Competing Proposals
(DBN Subscription Required)

WCI Steel, Inc. Proposes to End Exclusivity
(DBN Subscription Required)

Judge approves bid process for mill auction
(DBN Subscription Required)

______________

Enron:

20,000 may split $69 million in Enron settlements
(DBN Subscription Required)

Enron workers win $86 million settlement in pension suits
(DBN Subscription Required)

Ex-Enron workers to get $66.5 million in settlements
(DBN Subscription Required)

______________

Energy:

Cities offer $1.26 billion for utility's Montana assets
(DBN Subscription Required)

5-city corporation offers $1.3 billion for NorthWestern
(DBN Subscription Required)

Kadas counters NorthWestern's concerns over bid
(DBN Subscription Required)

______________

Corporate Reform:

Adelphia Lawyer Disputes 2001 Stock Sale
(DBN Subscription Required)

Defense at Adelphia Trial Portrays Witness as a Liar
(NYT: separate free registration required)

Former Tyco Director Quizzed Belnick
(DBN Subscription Required)

Investors Are Taking Long, Hard Look at Nortel's Board
(NYT: separate free registration required)

Mutual fund inquiry widens
(DBN Subscription Required)

Florida Pension Funds Wary of Merrill Lynch's Dual Role
(DBN Subscription Required)

U.S. Investigates Fund Laundering On a Large Scale
(WSJ: separate paid subscription required)

Delay Likely in Scrushy's Fraud Trial
(DBN Subscription Required)

Ex-Rite Aid CEO Will Stand by His Pleas
(DBN Subscription Required)

Harley directors belly up to the company trough
(DBN Subscription Required)

Dean Foods Announces Layoffs
(DBN Subscription Required)

A Pfizer unit agreed to plead guilty to criminal wrongdoing and the parent company will pay about $430 million in fines
(DBN Subscription Required)

_____________

Bankruptcy lawyer joins national firm
(DBN Subscription Required)

 

Sears selling upbeat future while analysts see challenge
(DBN Subscription Required)

Publisher's story ends
(DBN Subscription Required)

Port Ludlow: Judge throws out bankruptcy filing by parent company
(DBN Subscription Required)

Montalcino backer loses bankruptcy bid
(DBN Subscription Required)

Smoking class action goes back to court
(DBN Subscription Required)

Fla. Supreme Court Agrees to Review Vacated $145 Billion Tobacco Case
(DBN Subscription Required)

Tobacco stocks dive as US court mulls $145bn award case
(DBN Subscription Required)

Aspen Dairy Seeks Bankruptcy
(DBN Subscription Required)

S&P cuts Monsanto ratings on Solutia worries
(DBN Subscription Required)

Bank of America CEO comfortable with '04 view
(DBN Subscription Required)

Focus Factor seeks for protection from creditors
(DBN Subscription Required)

Icahn swoops on Westpoint Stevens
(The Deal: separate paid registration required)

Stock Tumble Puzzles Nursing-Home Operator Sun Healthcare
(DBN Subscription Required)

  Asbestos:

Asbestos-suit issue still dogs USG
(DBN Subscription Required)

Halliburton seen selling KBR units after bankruptcy
(DBN Subscription Required)

Hearings Close on Halliburton Sub's Bankruptcy Plan; Settlements With Insurers Expected
(DBN Subscription Required)

Federal-Mogul gets disclosure OK
(DBN Subscription Required)

Court upholds secondhand-asbestos award
(DBN Subscription Required)

______________

Law:

Davis Polk sees rare defection
(DBN Subscription Required)

Milbank raids Freshfields for Munich launch
(DBN Subscription Required)

When it comes to Web sites, some law firms flail, while others soar
(DBN Subscription Required)

Partner Defends $3,000 Hourly Billing Rate
(DBN Subscription Required)

As competition in the upper tiers of the legal profession has intensified, firms have become increasingly predatory in poaching clients
(DBN Subscription Required)

'Silicon Alley' Lawyer Jumps To Wall Street Firm Weil
(DBN Subscription Required)

Kirkpatrick hires CC counsel from DC
(DBN Subscription Required)

Barclays helps to launch law firm e-billing scheme
(DBN Subscription Required)

The Case Of Deacons v White & Case & Others
(DBN Subscription Required)

Keeping pace with security software is critical to ensuring that a firm stays ahead of the game
(DBN Subscription Required)

Pit bull approach undermines the higher aspirations of law practice
(DBN Subscription Required)

Data Suggest Firms Still Need to Provide Work/Life Balance
(DBN Subscription Required)

Securities Class Action Settlements: Figures Change, Players Remain the Same
(DBN Subscription Required)

Behavioral Interviewing: Tips to Help You Spot & Hire First-Rate Lawyers
(DBN Subscription Required)

Ruling Delayed on Microsoft Attorney Fees
(NYT: separate free registration required)

Is Your Law Firm Prepared for the Emergent Worker?
(DBN Subscription Required)

Are 1st Years Fashionable Again? Latest Findings on Law Firm OCIs and More
(DBN Subscription Required)

_____________

Former CEO of bankrupt One Price Clothing Stores Inc., did not work the full fiscal year but was paid more than many who did
(DBN Subscription Required)

MCI exec's 7-month job nets $8.1 million buyout
(DBN Subscription Required)

Adelphia:

Adelphia's balancing act
(DBN Subscription Required)

Complicated sale involves an auction
(DBN Subscription Required)

Sell Adelphia? Maybe Not
(DBN Subscription Required)

Adelphia Commun Completes Deal For $1B DIP Loan
(WSJ: separate paid subscription required)

_____________

Billionaire buys chunk of Global Crossing
(DBN Subscription Required)

Uninsured get healthy dose of irony
(DBN Subscription Required)

Kmart execs face arbitrator
(DBN Subscription Required)

Judge allows suit against former Kmart execs to be decided by arbitration
(DBN Subscription Required)

CashPoint:

In wake of CashPoint, consumers warned on paying bills through N.Y. outfit
(DBN Subscription Required)

Utilities to lose out after company fails
(DBN Subscription Required)

______________

Bankruptcy Plan of Riverside, Calif.-Based Data Center Company Swiftcomm Confirmed
(DBN Subscription Required)

Wynn's remains closed; future still in limbo
(DBN Subscription Required)

Towns seek new life for former Kmart stores
(DBN Subscription Required)

Carolina Investors losers seek accountability
(DBN Subscription Required)

Telecom firm's loss widens
(DBN Subscription Required)

Town Makes Plans to Avoid Liability for Bankrupt Paper Mill Hazards
(DBN Subscription Required)

Financing Decisions Loom for Owner of Maine's Bankrupt Eastern Paper Mills
(DBN Subscription Required)

Symphony Healthcare files for Chapter 11 bankruptcy
(DBN Subscription Required)

New Chief Executive Raises Troubled Tyco from the Grave
(DBN Subscription Required)

Financo takes look at 'sick' textile industry
(DBN Subscription Required)

BEVsystems International, Inc. Granted Motion to Convert Case to Chapter 11
(DBN Subscription Required)

Bartmanns' Stables Sold In Bankruptcy Auction
(DBN Subscription Required)

DT Industries Announces Bankruptcy Filing and Agreement Reached for the Sale of Significant Assets
(DBN Subscription Required)

 

New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
(DBN Subscription Required)

Weird News
(DBN Subscription Required)

Eyes turn to executive pay at troubled Boston twin towers
(DBN Subscription Required)

Conseco makes call to redeem class A preferred shares
(DBN Subscription Required)

Corporate Bond Issuance at 18-Month Low
(DBN Subscription Required)

Wife: Tony Erpenbeck tried to keep me in dark
(DBN Subscription Required)

Financial troubles for boxer Tarver
(DBN Subscription Required)

Citigroup's WorldCom Settlement is Second Biggest in a Securities Class Action
(DBN Subscription Required)

Governor, attorney general move against casino plans
(DBN Subscription Required)

Bankers agree on new global capital rules
(DBN Subscription Required)

UK:

After the claims bubble burst -- Questions remain about the demise of Claims Direct
(DBN Subscription Required)

An Equitable dilemma
(DBN Subscription Required)

Ex-Restaurant Owner Throws Creditors Party
(DBN Subscription Required)

'Insolvency-rate dip not the true picture'
(DBN Subscription Required)

_______________

Canada:

Higher interest rates mean more consumer bankruptcies: CIBC
(DBN Subscription Required)

Expect more bankruptcies
(DBN Subscription Required)

Doman says Q1 operating result was near break-even; net loss $44.3 million
(DBN Subscription Required)

____________

Italy:

Parmalat rescue plan under scrutiny
(DBN Subscription Required)

Fawu to meet Parmalat for clarity on restructuring plans
(DBN Subscription Required)

_____________

France:

France's overdue bankruptcy reform
(DBN Subscription Required)

Paris stands firm over Alstom bail-out plan
(DBN Subscription Required)

____________

Russia:

Temporary administration introduced in Sodbusinessbank
(DBN Subscription Required)

Deputy head of Russia's federal service for financial recovery dismissed
(DBN Subscription Required)

________________

Japan:

Mitsubishi Motors Seeks 450 Bln Yen; Phoenix Capital May Help
(DBN Subscription Required)

US firm poised to invest in Mitsubishi: report
(DBN Subscription Required)

_____________

Korea:

Korea Become Battlefield for Global Banks
(DBN Subscription Required)

LG Card to Conclude MOU with Creditors on Management Normalization
(DBN Subscription Required)

KAMCO Spurs Corporate Restructuring
(DBN Subscription Required)

IMF: Korea Must Tackle Credit Card, Household Debt Problems
(DBN Subscription Required)

_______________

Niger:

Paris Club cancels Niger's debt
(DBN Subscription Required)

_______________

South Africa:

Paying the maximum dividend for an estate
(DBN Subscription Required)

______________

Argentina:

Argentina Cablevision To File Debt Offer In Court May 14
(DBN Subscription Required)

Argentina's Multicanal Plans IPO Post-Debt Restructuring
(DBN Subscription Required)

________________

Nauru:

Australia to send finance experts, police to help near-bankrupt Nauru
(DBN Subscription Required)

______________

Mexico:

Court rules in Alestra's favor on bankruptcy proceedings
(DBN Subscription Required)

___________________

Indonesia:

Pru fights Jakarta bankruptcy ruling
(DBN Subscription Required)

Jakarta threat to Men from the Pru hits home
(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