Law:

NY Bankruptcy Partner Restructures Where He Works
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Lawsuit of the Day: A Super-Sized Malpractice Suit
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Meet the New Boss: Shearman & Sterling Shakes Up Top Management
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I Like My Professional Uniform
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Correction: Milbank Didn't Fire All Its Staff Attorneys
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Ray Quinney & Nebeker Names New Bankruptcy Partner
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Musical Chairs: More Heller Departures (and Merger Rumors)
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Former Clients Sue Howrey After Alleged Patent Deal Sours
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Can We Pay the Lawyers in Coupons?
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Study Shows State Courts Vacating Many Arbitration Awards for Employees, but Not for Employers
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Arbitration Firm Questioned Over Neutrality
(WSJ: separate paid subscription required)

Lucky 13? Law Offices Seek Work-Life Balance via Survey
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Judge Steams as Two BigLaw Associates Bill Almost $4 Million for 5-Day Trial
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Allen & Overy faces costs post-mortem after BlackBerry judgment
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Milberg Forfeitures Total $32M So Far, Well Below the $251M Target
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Promotions plummet to 28 Linklaters
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BigLaw Firm: Billables Are Very, Very Important, But Associates Matter Too
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Pellicano Brief: No Bert Fields at the trial
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New Web site rates every Florida lawyer
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BigLaw Firm With Two First Names Scores Double Digit Revenue Growth
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How Can Lawyers Make It In the Movie Biz? Ask Marc Simon
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Auction-Rate Securities - the Latest Legal Rage?
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Leveling With Clients on What BigLaw Wants
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Site Makes It So Easy to Sue
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Report On Georgetown Conference on the Future of the Global Law Firm
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Man Freed, 26 Yrs After Lawyers' Revelation
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Young Children Removed from Texas Ranch Not Abused, State's Expert Says
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Judge Throws Out Negligence Action Stemming From Fifth-Grade Graduation Melee
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4 Lawyers from 1 Law Firm Wrongly Included in N.Y. Pension System
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Attorney investigation widened by Cuomo
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Another lawyer joke
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______________

Judges:

Judge suspended for 3 years for helping hide assets
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Judges File New Suit Challenging Judicial Ethics Code
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Aviation:

Delta, Northwest take merger case to Congress
(DBN Subscription Required)

Some straight talk about the NWA-Delta merger
(DBN Subscription Required)

IATA chief urges airline consolidation
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More airline deals readied for takeoff
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Mideast has role to play in airline rescue
(DBN Subscription Required)

Mergers Turn Into Crackers For Consumers
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Merger, they're writing
(DBN Subscription Required)

Delta hires lobbyist team to help push big merger
(DBN Subscription Required)

The man behind the Delta-Northwest deal
(DBN Subscription Required)

Will Delta and Northwest Shareholders Have Their Day?
(DBN Subscription Required)

Vendors will feel effect of NWA-Delta merger
(DBN Subscription Required)

Delta flies into tie-up on a wing and a prayer
(DBN Subscription Required)

Delta & Northwest: two wrongs don't make a right
(DBN Subscription Required)

Come Fly With Us
(DBN Subscription Required)

Expected Losses Increase Pressure For New Partnerships
(WSJ: separate paid subscription required)

NWA puts $3.6 million on table to keep Steenland until merger
(DBN Subscription Required)

Delta CEO: 'We want to be the strongest airline'
(DBN Subscription Required)

Airline deals could hurt airports' credit
(DBN Subscription Required)

Delta-Northwest merger agreement has $165M breakup fee
(DBN Subscription Required)

Pawlenty had closed door meeting with Northwest, Delta CEOs
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The guardians of Delta's past
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Could bankruptcy be Mesa Air's next destination?
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US Airways CEO foresees more airline mergers
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Feel like you're flying by the seat of your pants? Sit back and relax
(DBN Subscription Required)

First Data got what it deserved
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Frontier pushing to sell four planes
(DBN Subscription Required)

A conversation with Kim Day
(DBN Subscription Required)

Aloha Pilots Seek Court Injunction
(DBN Subscription Required)

Aloha vows to stop pilots from disrupting air-cargo operations
(DBN Subscription Required)

No more white knights riding in when airlines fail
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Airline Shutdown Leaves Worker Struggling
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In the black, but blue
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New airline could rise from ashes of Skybus
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Spawn of ATA still in the air
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Continental, United see credit standings take a hit
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6 ways airline mergers will affect you
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Getting ready for the worst, in case Varig, Brazil's largest airline, folds under the weight of its debts
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Music:

IAJE locks its doors
(DBN Subscription Required)

______________

Gambling:

Casino to pay, then bet
(DBN Subscription Required)

______________

Private Equity:

Leverage gone, PE vultures must settle for smaller bites. Beats sitting on all that cash.
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Leverage lessons
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______________

Banking:

Banking Workforce Reduction Ahead
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2 Banks Said to Be Trying to Raise More Capital
(NYT: separate free registration required)

Bank of America to sell stake in Chinese bank
(DBN Subscription Required)

Bank of America posted a 77% drop in net income
(WSJ: separate paid subscription required)

Bank of America Profit Drops Sharply
(NYT: separate free registration required)

After rebuking Washington Mutual president, employee gets a phone call
(DBN Subscription Required)

Citigroup May Need to Sell Assets to Bolster Capital
(DBN Subscription Required)

Citi Reports $5.1 Billion Loss in 1st Quarter
(DBN Subscription Required)

Knives Out at Citi
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Citigroup announces it will cut 9,000 more jobs
(DBN Subscription Required)

Sears says credit pact with Bank of America to end
(DBN Subscription Required)

RBS Plans Fund to Transfer $2.3 Billion LBO Loan Risk
(DBN Subscription Required)

RBS mulls writedown as high as $7B
(DBN Subscription Required)

National City May Get $7 Billion to Replenish Capital
(DBN Subscription Required)

Bad real-estate loans stack up for smaller local banks
(DBN Subscription Required)

Banks' dividends taking big hits
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Regional banks prepare for biz-lending troubles
(DBN Subscription Required)

______________

Food/Drink:

Interstate Bakeries Reaches Agreement With Lenders
(DBN Subscription Required)

______________

Hedge Funds:

India-focused hedge funds lose over 25 per cent in 2008
(DBN Subscription Required)

Hedge Crashes Bond Yield
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Citigroup CEO Pandit writes down hedge fund he owned
(DBN Subscription Required)

George Soros calls for hedge fund regulation
(DBN Subscription Required)

______________

Publishing:

LatAm Media auction gets go
(DBN Subscription Required)

______________

Distressed Investing:

California Real Estate Boot Camp Worked as 'Classic Bait & Switch,' Says Woman Plaintiff
(DBN Subscription Required)

______________

Real Estate:

Fair Game Piling On: Borrowers Buried by Fees
(NYT: separate free registration required)

The Other Orange County
(DBN Subscription Required)

The Meaning of the Loss of Home
(DBN Subscription Required)

Overland Park-based mortgage broker files for bankruptcy
(DBN Subscription Required)

Brace for more foreclosures, their fallout
(DBN Subscription Required)

Adjustable-rate mortgages due to reset could bring wave of foreclosures
(DBN Subscription Required)

The trillion-dollar mortgage time bomb
(DBN Subscription Required)

Housing-credit woes spur calls for more federal regulation
(DBN Subscription Required)

FBI Expects Massive Rise in Mortgage Fraud Cases
(DBN Subscription Required)

Mortgage Servicing Litigation Grows
(DBN Subscription Required)

This high return has high risk
(DBN Subscription Required)

Firm pursuing foreclosure might not be your lender
(DBN Subscription Required)

Borrowers falter despite lenient laws
(DBN Subscription Required)

Foreclosures, short sales have consequences
(DBN Subscription Required)

Thornburg Mortgage Unit Defaults On $300 Mln Of Short-term Notes
(DBN Subscription Required)

Big rise seen in unoccupied office space
(DBN Subscription Required)

UBS's Rohner Says Mortgage Market May Stabilize
(DBN Subscription Required)

Pivotal wins final nod on DIP
(DBN Subscription Required)

Unfinished houses dot landscape
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Honeybees busy moving into foreclosed homes
(DBN Subscription Required)

Walls closing in on Dunmore home-building dynasty
(DBN Subscription Required)

More homeowners mailing keys to lenders instead of payments
(DBN Subscription Required)

State fund offers scant relief to Coral Bay customers
(DBN Subscription Required)

1 in 49 projected to lose homes in Mississippi
(DBN Subscription Required)

More consumers pay off credit card bills than mortgages
(DBN Subscription Required)

Minnesota Goes After 'Foreclosure Specialists'
(DBN Subscription Required)

At the High-End, Manhattan Real-Estate Prices Keep Rising
(DBN Subscription Required)

______________

Autos:

GM CEO says UAW local issues can be resolved in talks
(DBN Subscription Required)

Axle strike: 8 weeks, no end in sight
(DBN Subscription Required)

Malibu among models threatened as disputes hit GM where it hurts
(DBN Subscription Required)

Strikers Play The Waiting Game
(DBN Subscription Required)

General Motors CEO hopeful on Delphi restructuring
(DBN Subscription Required)

ACH Files Objection in Diamond Case
(DBN Subscription Required)

Credit crunch sinks auto sales
(DBN Subscription Required)

A Star at Toyota, a Believer at Ford
(NYT: separate free registration required)

The Reincarnation of Ford?
(DBN Subscription Required)

______________

Economy:

Fed Officials May Be Nearing Rate Pause as Inflation Quickens
(DBN Subscription Required)

Firms 'Notably Downbeat' on Economy
(WSJ: separate paid subscription required)

Poll: Economy, gas prices and war top worries
(DBN Subscription Required)

A consumer led recession
(DBN Subscription Required)

Super-rich face backlash as credit crunch hits home
(DBN Subscription Required)

Bernanke Grapples With Greenspan as Volcker Scorns Fed Bailouts
(DBN Subscription Required)

Oil soars to record above $117
(DBN Subscription Required)

Venture capital investing slows in first quarter
(DBN Subscription Required)

Economy Shows Widespread Pain
(DBN Subscription Required)

Healthcare, Real Estate Set to Benefit from Baby Boomers
(DBN Subscription Required)

Economist Fears Historic Loss of Assets for Minorities
(DBN Subscription Required)

Number of companies with low liquidity hits record high
(DBN Subscription Required)

______________

Manufacturing:

GE's future may be focus of shareholder meeting
(DBN Subscription Required)

How real estate tripped up GE
(DBN Subscription Required)

Owner of stove maker Vermont Castings files for bankruptcy
(DBN Subscription Required)

______________

Municipalities:

Bankruptcy looking more likely for Vallejo
(DBN Subscription Required)

No bankruptcy item on council budget this week
(DBN Subscription Required)

Putting out the fires
(DBN Subscription Required)

______________

Retailing:

Red Envelope Files For Bankruptcy
(DBN Subscription Required)

RedEnvelope set for Ch. 11 sale
(DBN Subscription Required)

Don't Hoard Gift Cards
(WSJ: separate paid subscription required)

Economic woes befall retailers
(DBN Subscription Required)

Darkness starts to fall across malls
(DBN Subscription Required)

Linens 'n Things in talks with vendors over supply
(DBN Subscription Required)

______________

Religion:

Papal trip challenges Catholics on abuse
(DBN Subscription Required)

Deal reached in Alaska abuse cases
(DBN Subscription Required)

Pope belatedly doing right thing
(DBN Subscription Required)

Church Mulls Canon Law Changes to Deal With Sex Abuse
(DBN Subscription Required)

Wall Street Journal Libeled Him, Alleged Abuse Victim Says In $7 Million Claim
(DBN Subscription Required)

______________

Newspapers:

Courant's Parent Is Seen Flirting With Default
(DBN Subscription Required)

Finances Frail, Le Monde Contemplates the Unthinkable
(NYT: separate free registration required)

The Worst Investment in America?
(DBN Subscription Required)

______________

Fraud:

Woman gets 8 years in prison for defrauding millions
(DBN Subscription Required)

Gateway Capital Founder Sentenced
(WSJ: separate paid subscription required)

______________

Mining:

Clash over Asarco's future heats up
(DBN Subscription Required)

______________

Jewelry:

Friedman's closing shocks employees
(DBN Subscription Required)

Fred Leighton hearing postponed
(DBN Subscription Required)

______________

Mass Torts:

Kentucky judge eyes fen-phen assets
(DBN Subscription Required)

Insurers Sue Administrators Of $5 Billion Vioxx Settlement Fund
(DBN Subscription Required)

______________

Sports:

Wranglers bankruptcy case ends, costing creditors millions
(DBN Subscription Required)

______________

Financial Literacy:

Theater Group Uses Stage to Teach Finance to Kids
(DBN Subscription Required)

New tool helps students gain financial smarts
(DBN Subscription Required)

______________

Book Reviews:

A scary thought: Phillips may be right about the economy
(DBN Subscription Required)

______________

Consumer Lending:

Brother, can you spare a loan?
(DBN Subscription Required)

______________

Corporate Reform:

Waiting for a subprime perp walk
(DBN Subscription Required)

Cuomo: Wall Street's New Pain in the A.R.S.
(DBN Subscription Required)

As the FBI steps in, the subprime witch hunt begins
(DBN Subscription Required)

Convicted Marsh execs get weekends in jail, probation
(DBN Subscription Required)

Few Companies Tightening Controls to Prevent FCPA Violations
(DBN Subscription Required)

______________

Trucking:

Independent truckers daunted by increasing costs and freight rates
(DBN Subscription Required)

Working Life (High and Low)
(NYT: separate free registration required)

______________

Celebs:

Ex-Tiger McLain's assets to be auctioned
(DBN Subscription Required)

Fla. Lawyer Meets Jennifer Aniston (and Dave Barry)
(DBN Subscription Required)

No Slowdown for Britney's Lawyers: Latest Spears Legal Bill is $372,500
(DBN Subscription Required)

______________

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
(DBN Subscription Required)

____________

Sell your bankruptcy claim to the highest bidder www.T-REXauctions.com Distressed Debt Auctions

Prepacks:

Ready-made reorgs ready for recession
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______________

Enron:

Spent 247,000 hours on Enron suits? Please document
(DBN Subscription Required)

______________

Analysts predict higher prices, more restructuring
(DBN Subscription Required)

Wall Street:

Market shows signs the bull is back
(DBN Subscription Required)

Earnings are key as Dow nears turnaround
(DBN Subscription Required)

Investors Brace For Busy Week On Wall Street
(DBN Subscription Required)

Anatomy of a Wall Street collapse
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Bear Stearns Del. suits join N.Y.'s
(DBN Subscription Required)

What Your Bear Fund Won't Tell You
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Wall St braces for tens of thousands of pink slips
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JPMorgan Chase quietly raises 5.88 bln dlrs in cash
(DBN Subscription Required)

BlackRock bails out its auction-rate holders
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Wall Street's top earners: Your pain, their gain
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______________

Bankruptcy Statistics:

Bankruptcies rise 126 percent in first quarter
(DBN Subscription Required)

Bankruptcies in Hawaii starting to rise
(DBN Subscription Required)

______________

Environmental:

ASARCO Bankruptcy, Environmental Saga Near Climax
(DBN Subscription Required)

Save Our Springs tries to rebound amid bankruptcy case
(DBN Subscription Required)

______________

Student Debt:

BofA, Citi Scale Back from Student Loans
(DBN Subscription Required)

Shareholder Class Action Filed Against First Marblehead
(DBN Subscription Required)

College-bound face dilemma
(DBN Subscription Required)

Credit cards weigh on students
(DBN Subscription Required)

Student Lenders Pull A Failing Grade
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Costs and Benefits in Education
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______________

Layoffs:

4600 to lose jobs as AT&T shifts resources
(DBN Subscription Required)

______________

Forest Products:

Judge orders PALCO bankruptcy into mediation
(DBN Subscription Required)

No breakthroughs in PALCO bankruptcy stalemate
(DBN Subscription Required)

______________

Health Care:

Philipsburg Hospital Latest
(DBN Subscription Required)

Adams ordered to leave
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Merit Health's hospital near Dallas expected to file Chapter 7
(DBN Subscription Required)

Hospital league is no David vs. Goliath
(DBN Subscription Required)

______________

Art:

Setback for Art Dealer
(NYT: separate free registration required)

______________

Insurance:

Company officers escape premium hits from subprime crisis, but experts still wary
(DBN Subscription Required)

______________

Finance:

Worries about Libor rate-setting push borrowing costs up
(DBN Subscription Required)

______________

Middle Class:

Trapped in the Middle
(WSJ: separate paid subscription required)

______________

Apparel:

Fashion House files for Ch. 11
(DBN Subscription Required)

______________

M&A:

Buyout Feud: Alliance Again Sues Blackstone
(WSJ: separate paid subscription required)

As stock prices drop, unsolicited takeover bids rise
(DBN Subscription Required)

That sinking feeling
(DBN Subscription Required)

______________

Financial Privacy:

Debt collector computer server stolen, exposing personal information for up to 700,000 people
(DBN Subscription Required)

______________

Debt Collection:

Bill collectors are dogging debtors, but don't let them bite
(DBN Subscription Required)

Debt collectors' scare tactics
(DBN Subscription Required)

______________

Telecoms:

Cozac nets Movida
(DBN Subscription Required)

Weaker economy to cut growth of phone companies
(DBN Subscription Required)

______________

Sales:

Purchaser Not Liable For Related Obligations In 'Free And Clear' Sale
(DBN Subscription Required)

______________

Accounting:

Creative accounting is to blame for the crunch
(DBN Subscription Required)

Fair-Value Liability: A "Parallel Universe"?
(DBN Subscription Required)

Auditor to pay for overlooking Japanese fraud
(DBN Subscription Required)

Accountant fights fraud
(DBN Subscription Required)

E&Y forms one unit across 87 countries
(DBN Subscription Required)

______________

Farming:

Piggies are going to market, but at a loss
(DBN Subscription Required)

______________

Hotels:

Louisiana Worship sells hotel
(DBN Subscription Required)

______________

UK:

Bank of England Swaps Bonds to Revive Bank Lending
(DBN Subscription Required)

A dangerous liaison for debtors?
(DBN Subscription Required)

Mervyn King's liquidity deal may avert economic downturn
(DBN Subscription Required)

Darling braced for off-balance sheet row in mortgage deal
(DBN Subscription Required)

FSA to create elite external adviser list as credit crunch bites
(DBN Subscription Required)

______________

Japan:

Japan Stocks Rise for a Fifth Day on Earnings Surprises in US
(DBN Subscription Required)

Yen Declines for Sixth Day as Stock Rally Boosts Carry Trades
(DBN Subscription Required)

______________

Morocco:

Moroccans on borrowing spree
(DBN Subscription Required)

______________

Canada:

Payday loan firms under scrutiny
(DBN Subscription Required)

Homeless crisis grows while Canada prospers
(DBN Subscription Required)

Trapped in the spiral of easy debt
(DBN Subscription Required)

______________

China:

China's stock market now down 50%
(DBN Subscription Required)

Chinese textile firms struggle to survive in 2008
(DBN Subscription Required)

______________

Israel:

Israel seeks to reinvent itself as finance hub
(DBN Subscription Required)

______________

Russia:

Court extends custody of ex-Yukos chief Khodorkovsky until Aug.2
(DBN Subscription Required)

______________

Australia:

Court reserves decision on Opes case
(DBN Subscription Required)

______________