October 14 , 2004 

Daily Bankruptcy News

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

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The Corporate Doctors Are In
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Chapter 12
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Law:

Papers Said to Show Big Pay for Tax Lawyer
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Acting Like a Lawyer
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Squaring the lockstep circle
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UK rainmakers set for six-figure pay boost
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Some Firms Raise Pay, While the Rest Watch and Wait
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A change in the way marketing activity is perceived within firms
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Baker + McKenzie announces new Miami management lineup
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Judge Rejects Claim to Lien on Client Materials
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What would it take to fully convince the board of a company that its legal team is not just a huge drain on resources?
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Fire Forces NY Firms to Vacate Offices
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Clifford Chance loses second NY partner
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Defunct Firm Settles Malpractice Claims
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Bill O'Reilly Sues Employee Law Firm, Alleging Extortion
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White & Case shakes up UK management
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When it comes to IT decisions, big is not necessarily better.
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Surge in auctions hands M&A teams fees clout
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Partners speak out against "inefficient" panel reviews
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Baker McKenzie US arm still losing ground to European practice
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Here come the Vioxx lawsuits - and they're going to be big
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Testa Hurwitz Partner Exits For Wilmer
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"Criminals or terrorists could gain control of a legal practice"
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Keep up with the Jones Days
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Enron:

Defendant in Enron trial says his recall's improved
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Defense phase of Enron trial drawing to close
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Steel:

No concessions, Stelco union warns investors
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Can Wonder Bread Rise Again?
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Judge dismisses theater's bankruptcy
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Proposed settlement in cattle scam draws 90 percent of creditors
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Bankruptcy bill would bar some deferred compensation benefits
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Protection One Officials Report Prospect of Bankruptcy Filing, Again
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Ford's $108 Billion of Bonds Skid to the Junkyard
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Death of the pension
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Columbia Sussex's deal for President gets court approval
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Skipped bail is taking a huge bite
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Trusteeship hearing for troubled union local
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Airlines:

US Airways Workers Call In Sick, But It's Not A Sick Out
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US Airways pilot reps rip 'most draconian' contract
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Back to court today for US Air
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Airline forced to make daily payments to use airports
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EU Still Waiting For Alitalia Restructuring Plan
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While talk focuses on pilots, some say debt is bigger Delta concern
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Delta pilots offer a new contract proposal
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Delta's interest load would eat pilot-wage concessions by 2006
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Delta Amends $680 Mln Debt Exchange Offer
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Airlines expect to take big hit from oil prices
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Fitch Places Bombardier on Rating Watch Negative
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Canadian ownership challenge has no merit, Air Canada says
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AMR, Northwest Wield Ax and Ingenuity in U.S. Airline Cost War
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Analyst says Northwest may hit financial crisis
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Northwest 2008 Junk Bond Ready For Takeoff
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America West eyes merger with ATA Holdings
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Alitalia H1 loss 620 mln euros, auditors reviewing
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Bankrupt airline's certificate sale won't fly with the FAA
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Asbestos:

Hopes rise for T&N pension rescue
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Hardie won't bypass courts
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RPM Intl Units Had 6,820 Active Asbestos Cases Aug 31
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Corporate Reform:

SEC chief to stand firm on stock option plan
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Martha's Prison Diaries
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Ex-Ahold CEO Says He's Settled With SEC
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Federal Judge Grants Class Status To 6 IPO 'Focus' Cases
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SEC investigates newspaper circulation reporting
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Former Tyco Executives Sue Insurer for Legal Fees
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SEC Proposes Stricter IPO Rules
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A six-month delay was announced in a plan to require companies to treat employee stock-option compensation as an expense on financial statements
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WorldCom's Ebbers Wants Co. to Pay Bills
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Layoffs expected at retail party supplier
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Another firing for Stacie J.
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CTE Leasing files for bankruptcy
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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The Perils of Pensions
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Remodeling contractor leaves customers and vendors in the lurch
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Accounting:

Tax Bill Contains Pro-Insurer Provisions
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Congress Gives Away the Store
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Ideal Accents Files For Ch 11 Protection In NY
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Stolen auto parts found at bankrupt Venture
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Recent Going-Concern Statements
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GM To Cut 12,000 Jobs
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Under new tax law, some employers will be allowed to cut health benefits for more retirees
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Court rules shareholders have rights to see records of subsidiaries
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UK:

MyTravel up against clock with debt-swap
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MyTravel debt-for-equity swap to leave shareholders with 4%
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MyTravel investors pay for blunders
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No offer yet for Universal
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Sainsbury's figures don't check out
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The ordinary course of business
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Failed businessman called on high and the mighty to invest in projects
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Japan:

Daiei accepts IRCJ help
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Banks force Daiei into climbdown, arms of IRCJ
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UFJ Seeks Daiei Bidders After Retailer Turns to State
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Canada:

Union hires investment firm for possible bid for New Skeena Forest
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Russia:

Russian Lawmaker Slams "Legal Chaos" Of Yukos Unit Sale
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Russian region faces crisis after London court orders debt payment
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Argentina:

Banks to accept debt swap offer?
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Latin America changes bankruptcy
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Korea:

Oil Importers Near Bankruptcy From Rocketing Oil Prices
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Italy:

EU Court Adviser Criticizes Italy's Amended Accounting Law
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