May 21, 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:

Lay, Skilling claim part of retirement cash
(DBN Subscription Required)

________________

Why I'm Filing Chapter 11
(WSJ: separate paid subscription required)

Finish Line lawsuit alleges rival Foot Locker's spy plot
(DBN Subscription Required)

Corporate Reform:

Founder of Strong fund pays to settle
(DBN Subscription Required)

Adelphia witness says he and executive discussed deceiving lenders
(DBN Subscription Required)

AOL, SEC to haunt Time Warner meeting
(DBN Subscription Required)

Lawsuit to challenge Grasso's compensation at NYSE
(DBN Subscription Required)

Spitzer to Take Narrow Aim in Grasso Suit
(DBN Subscription Required)

Dynegy Accountant Starts 24-Year Term
(DBN Subscription Required)

Appellate Court Upholds Claims Against Goldman Sachs Charging Misconduct in Connection with the Underwriting of eToys' IPO
(DBN Subscription Required)

SEC Adopts Amendments to Form 8-K Increasing the Number of Events that Trigger the Requirement to File a Current Report
(DBN Subscription Required)

______________

Allen offers $500,000 in Rose Garden bankruptcy deal
(DBN Subscription Required)

Asbestos:

AIA Pleased With Removal of Judge in Asbestos Bankruptcy Cases
(DBN Subscription Required)

Halliburton struggles with millstone around its neck
(DBN Subscription Required)

__________________

Law:

Celebrity Client Owes Top NY Firm Almost $2 Million for Porn Star Divorce
(DBN Subscription Required)

NY Lawyer Central to Martha Stewart Trial Switches Firms
(DBN Subscription Required)

Ex-Tyco Lawyer Got $36M In 3 Years
(DBN Subscription Required)

Law Firms Put Corporate Business Models Into Practice to Improve Client Service and Profitability: New White Paper Examines the Business of Law and Impact of Sarbanes-Oxley
(DBN Subscription Required)

Lawyer held in Spain attack released
(DBN Subscription Required)

LeBoeuf bags Vinsons UK head
(DBN Subscription Required)

David Boies Cleared by Florida Bar of Ethics Charge
(DBN Subscription Required)

The high court of a nation appealed straight to the people -- Supreme Courts takes out full page ad
(DBN Subscription Required)

No Atticus Finches Allowed?
(DBN Subscription Required)

_______________

Bankruptcy Court Confirms Lasersight Chapter 11 Plan
(WSJ: separate paid subscription required)

U.S. Initial Jobless Claims Rose 12,000 to 345,000
(DBN Subscription Required)

Economy maintains momentum, but stocks listless
(DBN Subscription Required)

Fed's Bernanke Says Gradual Rate Raise Policy Not `Unconditional'
(DBN Subscription Required)

The Fed's plans to raise rates only slowly are being challenged
(WSJ: separate paid subscription required)

Pretax profit jumps 46% at leading hedge fund firm
(DBN Subscription Required)

Kisor investors await unsure payback
(DBN Subscription Required)

Casual Male loss widens
(DBN Subscription Required)

Isle of Capri still aims for Chicago casino
(DBN Subscription Required)

Liberate Technologies Files Chapter 11 Plan Summary
(WSJ: separate paid subscription required)

Loral shareholders to fight reorganization plan
(DBN Subscription Required)

Beastly $3m Mix-up In Beauty Biz
(DBN Subscription Required)

Intrepid hires Crossroads to lead reorganization; interim DIP loan approved
(DBN Subscription Required)

Are the Big Boys Right About Global Crossing?
(WSJ: separate paid subscription required)

Snowe Amendments to Tax Improvement Bill Adopted; New Safeguards for Small Business Victimized by Payroll Firms
(DBN Subscription Required)

Recaps at issue in Regal suit
(DBN Subscription Required)

Gambling: One family's experience
(DBN Subscription Required)

Judge OK's sale of Americal's Peds
(The Deal: separate paid registration required)

More Senior Citizens Filing For Bankruptcy
(DBN Subscription Required)

 

Airlines:

You can't wrap Air Canada in the flag any more
(DBN Subscription Required)

Hargrove and Air Canada finally cut a deal
(DBN Subscription Required)

Air Canada, CAW reach crucial deal
(DBN Subscription Required)

Air Canada, labor reach deal on cuts
(DBN Subscription Required)

Air Canada Wins Concessions From Last Union Holdout
(DBN Subscription Required)

Air Canada and CAW land deal on costs: Hargrove compliments Milton
(DBN Subscription Required)

NDP, Tories seek airline reforms
(DBN Subscription Required)

Financing company puts pressure on Air Canada and CAW to get cost-cutting deal
(DBN Subscription Required)

Their future is still up in the air
(DBN Subscription Required)

Air Canada and Canadian Auto Workers Resume Talks
(DBN Subscription Required)

Milton, Hargrove meet
(DBN Subscription Required)

Aussie airline bankruptcy 'likely'
(DBN Subscription Required)

More U.S. airlines increase fares
(DBN Subscription Required)

Oil price hike: more trouble for airlines
(DBN Subscription Required)

Onorato says US Airway's priority is union talks
(DBN Subscription Required)

US Airways Plots Financial Recovery
(DBN Subscription Required)

US Airways CEO Apologizes to Pittsburgh over Airport's Loss of Hub Status
(DBN Subscription Required)

Boeing approves extending timetable for Hawaiian Air bankruptcy
(DBN Subscription Required)

Ailing Italian airline says government to guarantee loan to stave off bankruptcy
(DBN Subscription Required)

Rescue package to save Alitalia
(DBN Subscription Required)

Italy Backs Plan to Sell New Stock at Alitalia
(NYT: separate free registration required)

Delta shares jump after Lehman analyst upgrade
(DBN Subscription Required)

CEO says Frontier Airlines will stick around for a while
(DBN Subscription Required)

Amid Surcharges And Fare Sales, Airline Price Wars Rage On
(DBN Subscription Required)

Continental Says Airline Must Cut Workers If Higher Fares Scare Off Customers
(DBN Subscription Required)

Air Kazakhstan declared bankrupt
(DBN Subscription Required)

_________________

Energy:

NorthWestern creditors committee bent on saving investments
(DBN Subscription Required)

Mirant worker accused of trying to steal $285K
(DBN Subscription Required)

Mirant Still Holds Much of Big $500 Million Loan
(DBN Subscription Required)

Cities' offer to buy NorthWestern a shot in the dark
(DBN Subscription Required)

Xcel shareholders criticize CEO; approve 1-year board terms
(DBN Subscription Required)

Judge deals setback to lawsuit against utilities
(DBN Subscription Required)

_________________

Accounting:

Coalition Calls on Congress to Allow FASB to Issue Rule on Expensing Stock Options
(DBN Subscription Required)

Shareholders Defy Intel Brass; Nonbinding Vote Calls For Expensing of Stock Options
(DBN Subscription Required)

Senate Passes Tax Administration Overhaul Bill
(DBN Subscription Required)

BDO Seidman Sued by Banco Espirito Santo over $170 Million Fraud

Georgia Man Sues IRS, Says Blacks Should Not Pay Taxes

Apparel Maker CFO's Background Unravels
(DBN Subscription Required)

_______________

Bondholders reject offer by HealthSouth
(DBN Subscription Required)

HealthSouth extends offer to noteholders to May 27
(DBN Subscription Required)

Biotech's bottom line: More than $40 billion in losses
(DBN Subscription Required)

Speizman Industries, Inc. Voluntary Petition for Bankruptcy
(DBN Subscription 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)

New Millennium Assets To Be Liquidated
(DBN Subscription Required)

American Tissue exec not jailed
(DBN Subscription Required)

U.S.-Style Debt Restructuring is a Challenge for Europe
(DBN Subscription Required)

UK:

Auditor protection draws closer
(DBN Subscription Required)

Quakers' future left hanging by a thread
(DBN Subscription Required)

Creditors plan financial offensive for Eurotunnel
(DBN Subscription Required)

Gotshal bags key role on Eurotunnel
(DBN Subscription Required)

____________

Canada:

Mad cow scare drives truckers into bankruptcy
(DBN Subscription Required)

AFS Receives Court Approval to Mail Plan of Arrangement
(DBN Subscription Required)

Microcell Asks Holders to Reject C$1.1 Bln Telus Bid
(DBN Subscription Required)

Liquidation World posts $660,000 quarterly profit
(DBN Subscription Required)

_________________

France:

Alstom aid at odds with bankruptcy reforms -players
(DBN Subscription Required)

France economy: Critically ill
(DBN Subscription Required)

__________________

Japan:

Mitsubishi Motors to Post More Than 200 Bln Yen Loss
(DBN Subscription Required)

Mitsubishi Motors Unveils Revamp Plan; Posts Huge Loss
(DBN Subscription Required)

S&P says may raise Mitsubishi Motors bond rating
(DBN Subscription Required)

IRCJ to Support Taiho Industries' Reconstruction
(DBN Subscription Required)

_____________

Kenya:

Agony of Grandpa, 87, Jailed Over Debt
(DBN Subscription Required)

_____________

Korea:

Personal Bankruptcies Soaring
(DBN Subscription Required)

_________________

Argentina:

Argentine Creditors Say Government Broke Debt Pledge
(DBN Subscription Required)

________________

Italy:

Eurofood liquidator prepares for Parmalat court rows
(DBN Subscription Required)

______________

Greece:

Court postpones hearing of Ricomex bankruptcy appeal which claimants say is a ploy
(DBN Subscription Required)

______________

New Zealand:

Student debt swells
(DBN Subscription Required)

_______________

Spain:

Terra Mitica files for bankruptcy
(DBN Subscription Required)

_______________

Philippines:

Creditor treatment ruling can snag BayanTel rehab
(DBN Subscription Required)

______________

Russia:

Auditors say region run by Russian tycoon Roman Abramovich is bankrupt, financial violations discovered
(DBN Subscription Required)

Duma Speaker Boris Gryzlov Says Talk of Chukotka Bankruptcy Premature
(DBN Subscription Required)

Future of Yukos to be decided soon
(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