FAIRLESS HILLS, Pa.txt at no charge.
The initial issues of COLLINS + AIKMAN BANKRUPTCY NEWS, Profetana relates,
includes:

* data extracted from the Debtors' chapter 11 petitions;
* a list of the Debtors' 50-largest unsecured creditors;
* an overview of the supplier's tumble into bankruptcy; and
* a detailed review of the company's DIP financing pact with JPMorgan., PG+E National Energy Group,
Pacific Gas and Electric Company, Enron Corp. Westman and Nancy M. Modesitt, visit:

http://storefront.

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com/collins002.
Marie Therese V.'s Panda Gila
River and Union Power subsidiaries, Winn-Dixie Stores, Inc.

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, Bankruptcy Creditors' Service,
Inc. Deloria, Christopher G. Currently, we provide similar coverage about the
restructuring proceedings involving Meridian Automotive Systems, Inc.

Business Editors/Legal Writers/Financial Editors

WASHINGTON----

National Authority Interprets Whistleblower Requirements Affecting
Public and Private Companies

Public companies with a 12/31 year end will be rushing to meet the
accelerated mid-March filing deadline for 2004 financial reporting to
the SEC against the backdrop of Sarbanes-Oxley, the far-reaching act
of 2002 regulating financial reporting requirements and imparting
detailed protections for corporate whistleblowers. Westman, J.com; for
NASDAQ companies, see http://www.storefront/en
/product/1477 (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field .

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S.R., Shaw Pittman is recognized for its
leading global, national and regional practices.

inefficient topsites

Chapman , BCSI's president,
says.

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Profetana, Riza M. Within that context, and because it's simply
the right thing to do, executives must take painstaking efforts to
comply with the whistleblower regulations of Sarbanes-Oxley," warns
Westman. The law firm counsels
a wide range of clients from emerging businesses to Fortune 500
companies, government entities and not-for-profit organizations.

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Our newsletters provide lawyers,
creditors, competitors, asset buyers, and other parties-in-interest with an
efficient and affordable way to sift through the mountains of court pleadings
and seemingly random information delivered to the Bankruptcy Court.
"Otherwise, employees who feel ignored or stifled in their
attempts to report wrongdoing will go directly outside rather than
using the proper internal channels first .

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, Kmart Corp.nasdaq.

ABOUT SHAW PITTMAN LLP

Based in Washington, D.

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"They know how to quickly sort the wheat from the chaff and bring order
to chaotic and arcane court filings., NRG Energy , Covanta Energy
Corp., Reliance Group Holdings + Reliance
Financial, The FINOVA Group, Inc.stm ),
Westman details the following basic, critical steps to compliance by
public companies:

Establish a mechanism for employees to submit anonymous
concerns about financial improprieties to Audit Committees;

Adopt a Code of Conduct which includes provisions stating that
employees who raise concerns about violations will not be
subject to retaliation;

Implement policies and practices that effectively communicate
to employees that retaliation will not be allowed against
employees for raising concerns about illegal conduct. For
information about Shaw Pittman, please contact Diane Helyne Zyats at
202-663-8331 or diane.

dynegy wackenhut

,
Vlasic Foods , Bethlehem Steel, Weirton Steel, Kaiser Aluminum, WestPoint
Stevens, Pillowtex, Burlington Industries , National Century Financial
Enterprises, Integrated Health Services, Mariner Post-Acute + Mariner Health,
American Business Financial Services, Inc.

unethical topsites

COLLINS + AIKMAN BANKRUPTCY NEWS: First Issue Free From Bankruptcy Creditors' Service Inc.

Patalinghug,
and Frauline S.
"Now, more than ever , CEOs and CFOs need to create a culture of
integrity and openness, encouraging employees to speak up regarding
improper practices or financial dealings that put the company, and
ultimately its leadership, at risk," counsels Westman, one of the
nation's pre-eminent whistleblower authorities . Conversely, companies must
also protect themselves against false and malicious allegations.C.

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"Our editors are bankruptcy pros," Peter A. (and its Eddie Bauer and Newport News
subsidiaries ), Yukos Oil Company, Mirant Corp., Owens Corning, Armstrong World
Industries, USG Corporation, Safety -Kleen, Laidlaw, Halliburton's DII
Industries and Kellogg, Brown + Root units, Parmalat Finanziaria , S., a partner at
Washington, DC-based Shaw Pittman LLP and co-author of the recently
updated Whistleblowing: The Law of Retaliatory Discharge, Second
Edition (BNA Books, 2004).
"If 2002 ushered in the age of the whistleblower, then 2005 is
poised to be the age of judicially-supported whistleblower
protections.)

This category is for sites about alleged violations of business ethics.

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"

COLLINS + AIKMAN BANKRUPTCY NEWS is distributed on a subscription basis by
e-mail for US$45 per issue.

Since 1990, BCSI has published similar newsletters tracking billion-dollar
insolvency proceedings.com/freetrial/ to sign-up for a 30-day free trial
subscription to the TCR .

Shaw Pittman Partner Renews Whistleblower Warning to Executives as Accelerated March Deadline for SEC Filings Approaches

com/about/codesofconduct.

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, Interstate Bakeries Corporation, Pegasus
Satellite , RCN Corporation, Adelphia Communications and Adelphia Business
Solutions, WorldCom, Global Crossing and Asia Global Crossing, Winstar,
360networks, Solutia, W.nyse.

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"As the ongoing trials of WorldCom and Tyco former executives
show, the relatively freewheeling days of the American boardroom are
over , replaced by a heightened awareness of accountability at the
highest levels of the organization, " affirms Westman.

topsites wwasp

txt and
http://bankrupt., Tower
Automotive Inc., Federal-Mogul Corporation, TECO Energy Inc.
sliding down the credit quality curve; and their three major customers,
General Motors , Ford Motor Co.

Adding that private companies are also at risk if they provide
services to public companies, or if they retaliate against employees
who report potential federal crimes to law enforcement, Westman states
that whistleblowing issues are altering the landscape of American
business .

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New issues are published as significant activity
occurs (generally every 10 to 20 days) during the company's restructuring.
"From a historical perspective, the whistleblower has evolved from
snitch to corporate hero.
Moreover, Westman cites an administrative law judge's ruling
earlier this month ordering that the first whistleblower to gain
protection under SOX be reinstated to his position as CFO of a small
Virginia bank as proof that whistleblower protections are not just on
paper .zyats@shawpitman.

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com/collins001.D. Companies would do well to recognize this changed climate
and put practices in place to protect themselves," comments Westman.com
For a copy of Whistleblowing: The Law of Retaliatory Discharge, by
Daniel P.

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, Ames
Department Stores, Spiegel, Inc., ATA Airlines , US Airways, UAL Corporation and United Airlines, Air
Canada, ANC Rental, the Roman Catholic Church in the United States, Trump
Hotels + Casino Resorts, Inc.bankrupt."
Westman, who has represented corporate clients in whistleblower
cases since 1982, says the climate for whistleblowers has changed
dramatically in the post-Enron era and corporate leaders need to heed
the transformation.

substantively allegedly

Copies of the first two issues of COLLINS + AIKMAN BANKRUPTCY NEWS are
available at http://bankrupt . Abangan serve as the newsletter's editors. "Honest disclosure of
wrongdoing by employees, as well as vendors and strategic partners,
needs to be encouraged and facilitated.
Shaw Pittman has 380 lawyers and non-lawyer professionals and serves
clients from its offices in Washington, DC, Northern Virginia, New
York, London and most recently, Taipei and Northern California.

substantively talbots

Trustee's efforts to form an official committee of
unsecured creditors.p., and Loewen Group. Remove the
extra space if one exists.

wmx exxonmobil

Grace + Co.A.
Westman reminds public company executives that failure to comply
could result in criminal penalties including fines of up to $1
million, imprisonment of up to ten years , or both, according to the
statute."
While the regulations are extensive (for NYSE companies, see
section 303A of the Listed Company Manual at http://www.
Founded in 1954, the firm celebrated its 50th Anniversary in 2004.

Complaints about slow service or dissatisfaction with a product that do not reflect on corporate ethics should be submitted to Consumer Information: Complaints.

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Additionally, BCSI co-publishes the Troubled Company Reporter -- a daily
newsletter that provides news about more than 3,000 on-going troubled
situations, including bankrupt auto part makers like EaglePicher, BBi
Enterprises and Trim Trends; Tier I suppliers like Visteon and Delphi Corp., and DaimlerChrysler.

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, is publishing COLLINS + AIKMAN BANKRUPTCY NEWS following last week's
chapter 11 filing by Collins + Aikman Corporation (OTC: CKCR) and its dozens
of domestic affiliates in Detroit , Michigan.

The third issue, available later today, will step subscribers through
additional matters brought to Judge Rhodes last week to maintain operational
stability and the U. Go to
http: //www.bnabooks.com/epages/bnabooks.

complainant allegedly

CEOs and CFOs must
pay strict attention to the whistleblower provision of Sarbanes-Oxley
before taking pen in hand to attest to the veracity of company
financial information, cautions Daniel P.