November 30, 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) http://bkinformation.com/News/DailyNews.htm
Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Airlines:

US Airways still seeks big investor
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US Air court battle ahead
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Plane repos ready to take flight
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United trimming costs all over system
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UAL union voting on furlough plan
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GE/Delta deal: More small jets?
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Airline contract talks continue
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Job stress beginning to take toll on some airline workers
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Brazilian airline Vasp cuts staff as lawsuit looms
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Reunion's Air Bourbon lands in bankruptcy
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Enron:

Sierra Pacific sues banks for alleged Enron role
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Former Enron Employee Pleads Guilty to Tax Charge in Kickback Scheme

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Corporate Reform:

Citigroup chief apologizes to Japanese lawmakers
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US Court Orders Fannie To Forfeit Gains In Mtge Fraud Case
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5 ex-natural gas traders accused of conspiracy
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Martha Stewart Living Subscriber Renewals Up vs Industry
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Judge Upholds Sarbanes-Oxley Law In Scrushy Fraud Case
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Chubb Reviews Agent-Commission Agreements
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Companies Under Fire Often Decide to Settle to End Problems Quickly
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State will continue bankruptcy hydro bid
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CMC lease disputes endure
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Abuse victims also angry at Seattle archdiocese
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Developer Dwyer guilty in fraud scheme
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Foreclosure leaves Torrington hotel in limbo -- Bankrupt Connecticut Suites still open
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New firm OK'd to begin 2004 San Diego audit
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Trump Hotels Gets $100M Loan From Beal Bank
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Financing is the lifeblood for small firms. But how do you know how much you need? And where can you go to get it?
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Revived NWC Selling Stock on Nasdaq
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Workers digging into retirement savings to offset healthcare costs
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Bankruptcy judge tells owner of building to stop break-ins
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CameraPlanet closes TV, digital film ops
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'Debt Distressed' Remain Pessimistic About U.S. Economy, But Optimistic About Their Future
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Law:

Law Firm Files Suit for Plagiarism of its Web Site
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Baker & McKenzie saves $$$ on toilet paper
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Marketing: how to do it properly
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3rd Circuit Voids Law School Funding Restriction
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Lawyers are among nation's worst drivers
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26 Winstead Attorneys Listed in 2005-2006 Edition of 'The Best Lawyers in America
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Former Brobeck Partners Query Trustee's Motives
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Clifford Chance - Brobeck fight drags on as group bids to buy claim
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Steel:

Deutsche Bank's takeover bid for Stelco gets court's approval
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Stelco doesn't like higher GMP-GE Canada bid
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Asbestos:

Judge OKs asbestos settlement -- Halliburton says way clear for units to exit bankruptcy
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Bankruptcy Court Approves Insurance Settlement Agreements, Clears Way for Final Asbestos Closure
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Australian Govt Draws Up James Hardie Legislation
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Hardie legal privilege to be stripped
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Australian Regulator to Be Given New Powers in Asbestos Probe
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Hardie 'can be sued in the US' for underfunding asbestos claims
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Accounting:

KPMG chief slams regulators over Sarbox
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Tax revenues boost Deloitte's worldwide growth
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More Taxpayers Could Owe AMT
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Cautionary Tale of Offshore Tax Shelters
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FASB Issues Stmt. 151
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Accountant pleads guilty to stealing $2.6 million
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Phoenix Village Mall files Ch. 11
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Retailers Post Unimpressive Holiday Sales
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Amex Suspends Trading in Allied Holdings
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Blackstone buys NHP in $1.1B deal
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On a mixed day for stocks, Interstate Bakeries surges
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Brown is sole Freedom bidder
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Bankruptcy tunes out fans
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American Skiing Company Refinances Over $320 Million in Senior Debt, Subordinated
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Two Baltimore Lawyers Help Bankruptcy Trustee Recover $4.1M From MCI
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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More charges against Ormet strikers
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UK:

British Energy extends restructuring deadline
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No Hiding From Debt
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It's curtains for Courts
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Courts fails to reach deal with bankers
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KPMG to take administrator's seat at Courts
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Courts set to bring in administrator
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A horror show for venture capitalists
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Russia:

Gazprom to Bid for Yukos Unit, Create Oil Giant
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Defiant Chief Plans a Return to Run Yukos
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RTS halts YUKOS trade
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Yukos chief executive downplays risks in Russia
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Japan:

Toyota in talks to help Misawa
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Corporate scandals test public's patience
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Canada:

Ex-hockey czar Bryden reaches deal
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Ex-Sens owner cuts a deal To pay $600,000 of nearly $100-million in debt
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Royal Group fires CEO, CFO, removes chairman
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Cohoes Fashions files for bankruptcy protection to restructure
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Personal and business bankruptices up slightly in October
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Germany:

German 2004 Company Failures Rise to Record
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KarstadtQuelle Slumps to 12-Year Low
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Italy:

Italians face up to life without luxury
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Israel:

Unprecedented antitrust bank raid raises questions of motives
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