November 9 , 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Law:

Pepper Hamilton Hit With Massive Malpractice Suit By Bankruptcy Trustee
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Police say attorney plotted shooting
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Clifford Chance looks to reignite faltering West Coast
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Lawyer alerted to 'Nigerian scam' still lost $1.2m
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Star partners are increasingly likely to join a new firm with their clients in tow. Law firms need to cover their backs.
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GOP Gains Could Revive Class Action , Asbestos Reform
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Fired NY Associate Sues Firm for Discrimination
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Supreme Court Reviews Taxes on Contingency Fees
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Cisco dumps legal panel for one-on-one
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In-house pay can't catch private practice
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Orrick emerges victorious from Texas asbestos showdown
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Ropes & Gray to Acquire a New York Law Firm
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When paintings and sculptures adorn the office, clients take interest
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Steel:

Stelco sees more job reductions
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Accounting:

El Paso auditor at issue
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AICPA Adopts New Ethics Requirements

Calls grow for external auditing of oil reserves
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Feds Try to Shut Tax Fraud Scheme
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IRS Chief Counsel Speculates on Codification of Economic Substance Doctrine
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Asbestos:

Congoleum Corporation Files Modified Reorganization Plan
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Hundreds Played On Asbestos-Tainted Pile
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Subpoena on Hardie documents
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Hardie criticizes boycott as 'premature'
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UK test case for asbestos pay-outs
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Motley Rice LLC Named to the Executive Advisory Board of the International Pleural Mesothelioma Program
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401(k) card a sure way to more debt
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'Little Enron' Scam Swindles Dreams Of Thousands
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Recent Going-Concern Statements
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Glenshaw Glass workers worry
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Mystery of Arafat's Millions
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Archdiocese bankruptcy trustee request deferred
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Chapter 11 for diocese is on track
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Attorney for George Young ends appeal
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Oct global junk bond default rate edges up
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"HomeGold bankruptcy trustees are failing investors"
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Murray Inc. files Chapter 11
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Brentwood lawnmower maker Murray declares bankruptcy
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Lawnmower maker Murray declares bankruptcy
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Airlines:

UAL Plan To Dump Pension Could Become Industry Model
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BA says US bankruptcy laws are state aid by the back door
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Delta seeking $85 M in cash
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State aims to set up $15 million loan for ATA
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Delta to Need Added $135M In Liquidity In Early 2006
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Pittsburgh airport hub no more for US Airways
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Employees may get to buy part of Delta
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UAL Confirms Need For Loan Covenant Changes; Seeks Fees
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Air Canada staff miffed over free drinks
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Delta vendors to grant $29M in savings
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Airline watches union vote
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Enron:

Ex-Enron chief files for a change of venue
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Ex-Enron boss in bid to shift trial
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NASD accuses Block unit of fraud in Enron case
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H&R Block Responds to NASD Charges Related to Financial Advisors
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Block charged in Enron trade fraud
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Sick juror stalls Enron barge trial sentencing
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Corporate Reform:

Halliburton admits possibility of bribe payments
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Adelphia Waits For Judge's Ruling On M. Rigas' Legal Fees
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SEC Chairman Calls On Nonprofits To Restore Public Trust
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Marsh Resignations Raise More Questions
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Marsh & McLennan to Lay Off 3,000 Workers as It Deals With Probe
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Marsh took pounds 108m in suspect bonuses in UK
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SEC Targets Morgan Stanley Valuations
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Telecoms:

SBC confirms it will cut at least 10,000 jobs
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Residential foreclosures climb
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Bankruptcy court approves Kaiser sale
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Kaiser Alum Gets Crt OK Of $401M Rusal Bid For QAL Assets
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Utah bankruptcies decline 6% -- 1,784 in October
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Settling up with the IRS over those old tax issues
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Man denies hiding trust in bankruptcy
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Nation's foreclosures jump
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Geo files plan of reorganization
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Slowdown Forces Many to Wander for Work
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Rose Garden transfer gets OK
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UK:

Insolvency Service gets tough on bankrupts
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Steelworkers' pension court fight
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Current Distressed Companies Update
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Jarvis shares plunge on 'black' statement
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Abbey merger: 18m spent on Slaughters print and postage, 121m in fees
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Insolvent pensions move set to spark outrage
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PricewaterhouseCoopers comment on the personal insolvency levels
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Korea:

Financial Instability Growing
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Canada:

There's no where to hide from the IDA
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Poland:

Shares-for-debt deal brings hope for troubled Glimar
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Hong Kong:

Record $200m bill for insider dealing
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Thailand:

Thai Court Approves TPI Polene's Revised Debt Plan
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Russia:

Swiss Probe Launched Over Yukos Cash Disclosure
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Official on YUKOS' bankruptcy
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Yukos' core shareholders may sell their stake
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Yukos Bondholders Join Class-Action Lawsuit
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Yukos Begins a Legal Fight Back
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Argentina:

Argentina Cablevision's US Creditor Drops Lawsuit
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France:

Euro Disney losses deepen as sales stall
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Australia:

The $65 dispute that created a nightmare
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