Law:

Midwest Merger Puts Combined Firm Among U.S.' 100 Largest
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Closing in on $200,000 for First-Year Pay?
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Bonus Watch
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Bonus Season!
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Biglaw Perk Watch: S&C and Weil Also Up Parental Leave
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Former McDermott Partner Gets 30-Day Suspension due to Billing Issues
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Subprime Loans Could Yield Lots of Work for White-Collar Defense Lawyers
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Ouster fight starts for U.S. district judge
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Calif. Firm Borrows Wal-Mart Business Model
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Footnote Of the Day, Starring Avvo
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Footnote Of the Day, Starring Pearl Harbor
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Scenes from a Lawyer's Life
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Big Law Rides the Subway All the Way to the Bank
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Allen & Overy Hit With Discrimination Suit by Former N.Y. Associate
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Motion to Continue Trial Due to Conflict with Championship Game
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Advice From Top Marketing Consultants
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Say What?!
(2)
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Lawtunes.com
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Lawyer's Bid to Keep "Gift" Was Naughty, Judge Rules
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Bonds: 'My Lawyers Have Conflicts? Let's Play Ball!'
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The Worst Courts for Businesses? It's a Matter of Opinion
(NYT: separate free registration required)

Order keeps federal district judge Kent from hearing certain cases
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5 Lists to Make You a Better Lawyer
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Flanked By Marshals, Federal Judge Visits Troubled Trailer Park
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Justice Thomas Would Rather Be in His Motor Home
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There's No Way This is Accurate
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Economy:

How to Avoid Recession? Let the Fed Work
(NYT: separate free registration required)

A Partridge, a Pear Tree, a Price Tag That Grows
(NYT: separate free registration required)

More U.S. Consumers in the Red at Year's End
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Wells Fargo Economists say '08 Recession Unlikely
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China controlling more of U.S. economy
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Wall Street:

Tattered Standard of Duty on Wall Street
(NYT: separate free registration required)

Goldman Chief's Bonus
(NYT: separate free registration required)

Goldman CEO Blankfein gets $67.9 million bonus, new pay record
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Merrill raising up to $6.2 billion via equity placement
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Merrill Shores Up Capital by as Much as $7.5 Bln
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Merrill's Cash Injection Not Enough For Shareholders
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BlackRock Cash Fund Downgraded
(WSJ: separate paid subscription required)

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Tax:

A tax strategy is washed away by the I.R.S.
(NYT: separate free registration required)

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Transport:

FedEx shares fall on IRS bill
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SiriCOMM files for bankruptcy
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Utilities:

Rosetta Provides Update Regarding Calpine Bankruptcy
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Health Care:

Plot Thickens In Haven Case
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National Century lawsuit moves closer to trial
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Reform takes first casualty: St. Vincent's Midtown
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Stock Brokers:

E*Trade moves to stem customer exodus
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Predatory Lending:

Payday-lending studies can fit any argument
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Bankruptcy Statistics:

Detroit personal bankruptcy filings soar
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Food/Drink:

Company offers to buy the bankrupt Topps Meat
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Bankruptcy paralegal keeps things spicy in the kitchen
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Derivatives:

The Inevitable Derivative Meltdown
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Religion:

Diocese makes cuts, asks for donations to pay for sexual abuse claims
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Corporate Governance:

CEOs gone wild show was a reality in 2007
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Real Estate:

This Is the Sound of a Bubble Bursting
(NYT: separate free registration required)

Taxes Are Reassessed in Housing Slump as Prices Drop
(NYT: separate free registration required)

Motion to shred, AHM asks of pesky mortgage files
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Illegal Foreclosures
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$18 million paid in Ameriquest lending settlement
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SEC probing WaMu over loans
(DBN Subscription Required)

A One-Size-Fits-All Solution - "Opt-Out Mortgages?"
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Credit Downturn Hits the Malls
(WSJ: separate paid subscription required)

More lenders pursuing homeowners after foreclosure is ended
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NovaStar fired chairman, CFO
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Crisis has officials scrambling in Washington
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Investors still seek justice from HomeGold and Carolina Investors
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Officials Falling Behind on Mortgage Fraud Cases
(NYT: separate free registration required)

Mortgage fraud driving foreclosure numbers higher
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Housing exec files Chapter 11, cites suit
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Ohio Begs Lawyers: Help With Foreclosure Crisis
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Experts predict ugly 2008 as housing slump drags on
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Real estate has become a tough way to make a living
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While properties crumbled, bankers looked the other way
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Mortgage Crisis Hits Home, Especially Around Holidays
(NYT: separate free registration required)

How the subprime mortgage crisis became a crisis
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Trustee advises "loss mitigation"
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Fees were another cash cow in subprime mortgage deals
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Montana avoids mess of subprime mortgages
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California REIT Loses $1.2 Billion in Q3
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Miller bill offers best way out of mortgage mess
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How a development became a housing debacle
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Reverse Mortgages Rescue Troubled Loans
(WSJ: separate paid subscription required)

Foreclosure scams proliferate
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Posner On The Subprime Mortgage Mess
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Telecoms:

NRUCFC Sees Positive Changes in Reorganization of Innovative Communications
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Rebates for Customers Of InPhonic In Peril, Again
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Aviation:

Maxjet Halts Flights, Files For Chapter 11
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Fliers stranded as MAXjet Airways ceases flights
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Continental Airlines Accepting Maxjet Airways Tickets
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United, Delta Mull Combination
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United cancels hundreds more flights
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Fliers Fed Up? Airline Employees Feel the Same
(NYT: separate free registration required)

Can US Airways Pass Test of Time?
(WSJ: separate paid subscription required)

Lobbying Begins Against Air France Bid For Alitalia
(NYT: separate free registration required)

Big Sky to sell off planes and cease operation system wide
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Credit Cards:

Analysis warns of credit card crisis in U.S.
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Unpaid credit cards bedevil Americans
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Retailing:

US retailers holiday sales up 3.6 percent
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Disappointing Sales During Holiday Season
(NYT: separate free registration required)

Sales Fall Short of Expectations
(WSJ: separate paid subscription required)

Hedge Fund Increases Its Stake in Target
(NYT: separate free registration required)

Holiday Spending Growth at 5 -Year Low
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Retailers Bank on Gift-Card Spree
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Store rules may mean fewer happy returns
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Autos:

Nardelli Sells Chrysler Assets, "Operationally Bankrupt"
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Chrysler off on another financial thrill ride
(DBN Subscription Required)

Chrysler Clarifies Financials: Did We Say "Bankrupt?"
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Cerberus Spins Nardelli's Bankruptcy Talk
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One sale, two strikes, smaller Big 3
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Toyota closes in on General Motors' record of worldwide auto sales
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BMW to lay off several thousand workers
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Horse Racing:

Creditors give thumbs up to NYRA's reorganization plan
(DBN Subscription Required)

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Corporate Reform:

Former Bear Stearns Bankers Plead Guilty to Fraud
(WSJ: separate paid subscription required)

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Hedge Funds:

Carlyle's First Hedge Losing Big
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
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Bankruptcy Reform:

Durbin defends proposal allowing judges to cut rates
(DBN Subscription Required)

Interest rate truth below banker's bluster
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Mass Torts:

Brickman: DOJ's Free Pass for Tort Fraud
(WSJ: separate paid subscription required)

Some Plaintiffs' Lawyers Contest All-or-Nothing Vioxx Settlement
(DBN Subscription Required)

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Banking:

Big Fund to Prop Up Securities Is Scrapped
(NYT: separate free registration required)

Surety Bank's parent declares bankruptcy
(DBN Subscription Required)

UBS Examined
(NYT: separate free registration required)

Merrill Lynch to sell commercial finance unit to GE Capital
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Profit Outlook Darkens for Big Banks
(WSJ: separate paid subscription required)

High-rolling banker lands lendees in hot water
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M&A:

Chancellor Chandler Hands Cerberus a Big Win
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Specific Performance Claim Rejected
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More on the Cerberus-URI Case
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The Cerberus Case and Lessons in Law, Society, and Language
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Poetry:

Credit Crisis Goes From Bad to Verse
(WSJ: separate paid subscription required)

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Movies:

Movie Gallery files reorganization plan to exit bankruptcy
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Movie Gallery's bankruptcy reorganization plan isn't kind to shareholders
(DBN Subscription Required)

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Lumber:

Gap Owners Seek To Take Over Pacific Lumber (scroll down)
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Credit Counseling:

As Credit Delinquency Rises, So Does Credit Relief Scrutiny
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Layoffs:

Pink slip for holidays? It's not that uncommon
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Mass layoff events and initial claimants for unemployment insurance, December 2003 to November 2007, seasonally adjusted
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Bonds:

Defaults to rise as economy slows
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Elder Debt:

Town may pay seniors to work off taxes
(DBN Subscription Required)

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Celebrity:

Lou Pearlman saga only getting heated up
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UK:

Northern Rock Board Seen Eyeing Internal Rescue
(NYT: separate free registration required)

Drop in Home Prices
(NYT: separate free registration required)

Deal Reached on S.I.V. Sale
(NYT: separate free registration required)

Cheyne SIV poised for rescue by Goldman
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15 billion pound pension surplus at end '07
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BDO: FDs uncertain in current credit crunch
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Canada:

RRSPs to get protection under new bankruptcy law
(DBN Subscription Required)

Restructuring Aims to Give Canada's Debt Market a $33 Billion Lift
(NYT: separate free registration required)

Ian Thow hit with $6m penalty
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Australia:

Lazard to advise Centro on debt
(DBN Subscription Required)

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Italy:

Parmalat recovers €420m from Intesa
(DBN Subscription Required)

Intesa, Parmalat Reach Settlement
(WSJ: separate paid subscription required)

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India:

It`s time to repair the crumbling Companies Act
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Japan:

BOJ's Kamezaki Says Slower Growth Doesn't Warrant Cut
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Germany:

Germany Seen Lowering Growth Forecast
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