Law:

BigLaw Wrestles With Being Sued By Its Own Lawyers
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Layoff Watch: Milbank Cans Staff Attorneys
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Firms win mandates on airline mega-merger
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Beepless in Mineola: A Firm Cracks Down on Blackberry Use
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Do Lawyers Need an Image Makeover?
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Tough Lady Lawyer
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Survey Results: Morale
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Debt Settlement Complaints Lead to Search for 'Attorney'
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In Law School, It Pays to Be Above Average
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State Farm turns the tables on Hurricane Katrina lawyers
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Scruggs takes 5th over bribery questions
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Malpractice Suit Proceeds Against BigLaw Firm
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Attorneys Awarded $218 Million for Work in Overturned Action That Laid Groundwork for Other Suits
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Contingent Fee Lawyers Lose Case, Use Outrageous Trial Tactics, Still Get $218M in Fees
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Skadden Pledges $9.6 Million to Help Minorities Enter Law
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Flom-O-Rama! Skadden's Legendary M&A Lawyer Shares Advice
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What Law School Rankings Don't Say About Costly Choices
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The Power of Peer Pressure
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Steer Clear of the Perils of Self-Collection
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Former Saul Ewing Partner Accused of Murdering Mistress Loses Bid for New Trial
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Palfrey Convicted of Running Washington Prostitution Service
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Q&A with a Palfrey Juror
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Web site boasts quick lawsuits
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Judge in Potter Trial Calls on Parties to Settle
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N.Y. Schools Lawyer-Pay Probe Expands to All Professionals in Gov't Work
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Are Legal Jobs for Summer Associates Waxing or Waning?
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Say What?!
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400 Lawyers Volunteer as Ad Litems in FLDS Removal Cases
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Aviation:

Delta-Northwest merger might cost 14000 jobs
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2 unions will try to ground merger
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Delta's Chief Faces Skeptics as He Tries to Sell a Deal With Northwest
(NYT: separate free registration required)

Reality Check: NWA's Obligations To Minnesota
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Coming together under cloudy skies
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What's Next in Airline Mergers?
(WSJ: separate paid subscription required)

Fleet Could Be Just Plane Trouble
(WSJ: separate paid subscription required)

Delta's Deal That Might Have Been
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Delta, Northwest Drop on Concern That Cuts Fall Short
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Skeptics Weigh in on Delta-Northwest Deal
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Some Myths About Airline Mergers
(WSJ: separate paid subscription required)

Merger could spur union vs. nonunion fight
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Delta-Northwest Deal Likely To Face Few Hurdles
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Airline lobbyists ready for battle
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Delta/Northwest deal's dangerous model
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Upper Midwest politicians concerned about airline merger
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S&P puts Delta and Northwest ratings on CreditWatch
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Survival mergers signal time to shut up and work
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Delta/Northwest merger may spark more consolidation
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Delta, NWA deal fails to thrill regulators, some unions
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Belts tightened, seats upright, eyes wide open
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Delta, Northwest Deal Reveals A Desperate Industry
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Delta Bankers Are Pilots, Too
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Northwest: Miles are safe in merger
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Boeing May Win More Jet Orders After Delta and Northwest Merge
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Delta-Northwest Merger Raises Concerns Over Competition, Price Hikes
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Continental, United mulling own courses of action
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Continental to buy back independence from Northwest
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UAL, CAL pilots warn carriers on any merger
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UAL Board Member Miller:Raft Of Deals Could Follow Delta-NWA
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Continental: Delta/Northwest To Change Competitive Landscape
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American Air Pilots Protest Against 'Failing' Carrier
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How Holdbacks Brought Down Frontier Airlines
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Frontier Airlines' stock to be suspended
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Frontier's bankruptcy problems: 3 letters
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First Data: We were surprised, too
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Caught in a web of challenges
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Frontier seat supplier stops delivery
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Mergers make US Airways ripe for a deal
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New Expectations Needed for Airlines
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Airlines' payrolls grew in February for 13th straight month
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Aloha to tap GMSC funds
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Air France-KLM May Drop Alitalia Bid
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Alitalia Chairman Warns Unions Time Is Running Out
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Berlusconi sees Italian Alitalia offer in month
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Ex-Skybus Employees File Suit
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Skybus exit creates hard recovery job for airport
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Clearing the Air: Australia's High Court Clarifies the Operation of the IATA Clearing House Regulations During Member Airline's Australian Insolvency Proceeding
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Corporate Governance:

Delaware's Premier Blogger Wins Important Motion Before Delaware's Judge Walsh Imposing the Caremark Fiduciary Duty on Corporate General Counsel
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Automatic Stay Does Not Bar Call for Shareholder Meeting
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Real Estate:

Lawmaker steps up loan modification pressure
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Mortgage applications rose 2.5% last week
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Refinancings boost US mortgage applications
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Regulator: Fannie, Freddie 'have much work to do'
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Big Tax Breaks for Businesses in Housing Bill
(NYT: separate free registration required)

Who Speaks for Mortgage "Lenders"?
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California leads nation in foreclosures for 15th month in a row
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Southern California home prices take another hit
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Median price of SoCal homes plunged 24 percent in March
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Homebuilder Confidence Index in US Unchanged at 20 in April
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Sinking housing market maroons homeowners in unfinished projects
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KB Homes pulls out of mid-Atlantic
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DLMR wants involuntary dismissed
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How Long Will Lower Commercial Vacancy Rate Hold Up?
(WSJ: separate paid subscription required)

Judge approves AHM creditor pact
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SunCrest to seek DIP loan approval
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Subprime lending in the tank
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Judge tosses mortgage-fraud suit, says banks weren't responsible
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Economy:

Producer Prices Rise, New York Index Up
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Global Economic Outlook Improved in April, Led by US, Asia
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US producer inflation mounts, fanned by energy
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That Inflation Thing
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Crude Oil Rises to Record Above $114 a Barrel as Dollar Plunges
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An Inflation Indicator Leaves the Fed in a Tough Spot
(NYT: separate free registration required)

Nevada economy reeling from foreclosures, job loss
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Autos:

Chairman: Delphi emergence to take 'months'
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Delphi contributes $46 mln to US pension plans
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Delphi's bankruptcy recovery not by the book
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Jones Day Charts Dana Corporation's Path to Successful Emergence From Chapter 11
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Health Care:

Baby Boomers About to Flood Medical System
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Health chief says some hospitals must close to help others
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Banking:

Citigroup Shuffles Credit Ranks
(WSJ: separate paid subscription required)

Swiss banking sector sound despite write-downs of big banks
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WaMu Director Steps Down
(WSJ: separate paid subscription required)

Activists Claim a Scalp
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Washington Mutual Holders Lose `Faith,' Seek Management Changes
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Credit Losses May Not Be Over for Banks
(WSJ: separate paid subscription required)

S&P devising its own capital adequacy ratio for banks
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Derivatives:

Jury told Refco's ex-president hid trading loss
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Religion:

Pope promises action on child abuse
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Portland Archdiocese releases 20000 documents on the priest sex abuse
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Student Debt:

Dodd Backs SLM Call to Boost US Student Loan Funds
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Authority will stop offering federal student loans July 1
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Politics:

The politics of foreclosure
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McCain Seeks 'Gas-Tax Holiday'
(WSJ: separate paid subscription required)

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Hedge Funds:

Paulson's $3.7 Billion Top Hedge Fund Pay
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Hedge funds set to pounce on banks' distressed structured assets
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Funeral Industry:

Funeral Depot seeks bankruptcy
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Newspapers:

NYSE Deslists Journal Register
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Bought Out vs. Laid Off at the 'Times'
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Gambling:

Trop owner buys time
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Trucking:

Truckers grapple with soaring fuel bills
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Big Oil seems slick as U.S. turns to diesel
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Tax:

Supreme Court Restricts the Taxation of Income of Companies Based Out of State
(NYT: separate free registration required)

Tax attorney indicted on fraud charges by federal grand jury
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IRS's Private Tax Collectors Losing Money
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'Bad Debt' Tax Break Is Not a Sure Thing
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Finance:

Banks taking a haircut on LBO debt sales
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Is Libor Becoming Unreliable?
(WSJ: separate paid subscription required)

CDO Cagematch
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Bonds:

FGIC's only option: Sell the good book, keep the bad book
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Fraud:

Seized documents lead police to over US$7 billion overseas
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Staffing:

Gromwell bows to reality, rival
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New Bankruptcy Opinions
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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)
(DBN Subscription Required)

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Bankruptcies Rise for Firms 'That Should Have Failed'
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Parmalat:

Citigroup To Stand Trial For Parmalat In US
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Citigroup Wins Dismissal of Most Parmalat Claims
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Parmalat Falls After Most Citigroup Claims Dismissed
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Bankruptcy Statistics:

Bankruptcy filings in jump by 38 per cent
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Bankruptcy Filing Rates by District, Apr. 2006 to Mar. 2008
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Sovereign Debt:

GSEs pose higher risk to US credit rating than brokers: S&P
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Corporate Reform:

SEC issues warning list of fake investment firms
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Retailing:

Fitch Ratings Downgrades Linens 'n Things'
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Linens 'n Things seeks capital restructuring
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Linens 'n Things Defers Interest Payment
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Linens 'n Things: Signature retail bankruptcy still wanting
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Retailers Dealing with Woes Through Bankruptcy, Cutbacks
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Gander Mountain's aim way off on 4Q targets
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Sharper Image Let Off the Hook
(WSJ: separate paid subscription required)

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Jewelry:

Christie's Auction Off; Jeweler Files for Bankruptcy Protection
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Wall Street:

Peeling the Bear Stearns Onion
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JPMorgan Net Drops 50% on $5.1 Billion of Writedowns, Reserves
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BlackRock Refinancing ARS
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Once Again, Investors Think Worst Is Over
(WSJ: separate paid subscription required)

J.P. Morgan Results Spur Futures
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Merrill Upped Ante as Bonds Fizzled
(WSJ: separate paid subscription required)

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Insider Compensation:

Court mulls $2m bonuses for bankrupt Wellman
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Wall Street Winners Get Billion-Dollar Paydays
(NYT: separate free registration required)

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Private Equity:

Apollo Management struggling with bad deals
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Municipalities:

Jefferson County Wins Bond Payment Break From Banks
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Half Moon Bay settlement faces opposition
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Two Ch. 9 filings are in the works
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Celebs:

DOJ: Wesley Snipes Deserves 3 Years for Tax Evasion
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Theme Parks:

Kendall Hospitality files bankruptcy
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Accounting:

PCAOB slams Grant Thornton audits
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Worldcom auditors settle SEC charges
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Deloitte & Touche Accused Of 'Massive Fraud' In USA Capital Collapse
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Credit Reporting:

First sides with credit reporting agencies where valid loan was secured by forged mortgage
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Construction:

Creditors move in on Lucht's
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Plan Confirmation:

Refusal to Participate in Confirmation Process Dooms Bid for Stay of Order Confirming Chapter 11 Plan
(DBN Subscription Required)

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Credit Cards:

Credit card companies put to the test
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Advisor to UK Card Sale Expects More Deals
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Asset Protection:

Member of Asset Protection Group (APG) goes down in flames and denied discharge
(DBN Subscription Required)

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Avoidance Actions:

Petition Rather Than Transfer Date Valuation of Collateral Appropriate in Determining Secured Creditor's Preference Liability
(DBN Subscription Required)

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UK:

Spain's in trouble, but the outlook for the UK is far worse
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600,000 Britons unable to refinance debt
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Thousands to have usual credit lines cut off
(DBN Subscription Required)

Scots women more at risk of going bankrupt
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Accountants jailed in Ponzi scheme
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Canada:

Court Extends Bankruptcy Protection for Canadian Debt
(DBN Subscription Required)

Ernst and Young appointed as bankruptcy trustee for N.S. TrentonWorks plant
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Good jobs galore lost
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EU:

Fresh record highs for euro; inflation cited
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China:

China economy slows a touch
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