Law:
Associate Bonus Memos Hint at Firms' Past-Year Finances
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Hollywood private eye Pellicano sentenced to 15 years
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GCs Reveal How Outside Counsel Can Stay on Their Good Side
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Holder will get $3M payoff to leave firm for AG job
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Attorney General Nominee Reports More Than $2 Million in 2008 Income
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Layoff Reports Swirl Around Wolf Block and Drinker Biddle
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Layoff Watch: Drinker Biddle Could Be Letting People Go
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Bonus Watch: Ropes & Gray Goes for a Half-Skadden, With a Twist
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A Mystery Memo from Squire Sanders (Or: The hot new trend of associate pay freezes.)
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Nationwide Dissolution Watch: Is TPW Finally Done?
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Law Firms Will Likely ‘Take a Hard Look’ at Nonequity Partners
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Lawyers Summoned to Salvage Fortunes for Madoff's Investors
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Law Dean Among Madoff Victims
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Poor Market Has Not Fully Hit Law Firms, Says Altman Weil Survey
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Proskauer Loses Appeal in Tax Dispute Over Partner Retirement Payments
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Courts Are No Places For Lawyers
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Prominent La. Lawyer Jailed After Courthouse Altercation
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Cravath Branches Into Celebrity Representation
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Judges:
Despite Discipline Panel's Harsh Words, Federal Judge Beats the Rap
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High Court Eyes Suspension for Indicted NY Judge-Elect
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Supreme Court Litigators’ Ties to Justices Create ‘Insider Atmosphere’
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Wall Street:
US Index Futures, European Stocks Gain; Shares Drop in Asia
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Wall Street set for pre-Fed boost
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Stocks fall as firms detail exposure to Madoff
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Analyst predicts more losses for J.P. Morgan
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Goldman Sachs reports $2.12 billion loss in fourth quarter
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Autos:
Moody's sees 70% chance of auto bankruptcy
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White House Assures Automakers
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Feds weigh $10B in emergency auto aid
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Bailing out Detroit: It boils down to $70 vs. $45 an hour
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Bankruptcy Is the Perfect Remedy for Detroit
(WSJ: separate paid subscription required)
US May Give Car Czar Power to Force Bankruptcies
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Rasmussen survey finds shoppers wouldn't buy cars from bankrupt auto makers
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Bankruptcy wouldn't stop shoppers from buying US cars
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Don't fall for the Big 3's doomsday predictions
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Q3 Auto Loan Delinquency Rates Increase Nearly 16%
(DBN Subscription Required)
Special Devices, Auto-Parts Maker, Files Bankruptcy
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Senator: UAW 'Solely' to Blame for Auto Bailout's Failure
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Backlash brews in wake of Big 3 bashing
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Senate snubs middle class on auto loans
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Will Toyota Sue if Treasury Bails Out GM?
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Pelosi: Auto Rescue Could Trigger Need For 2nd $350 Billion
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GM may need $30 billion government loan to survive: BofA
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GM and GMAC amend financing agreement
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Chrysler and GM hold onto hope for avoiding bankruptcy
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Detroit bailout: Will the White House blink?
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NYU's 'Dr. Doom' Roubini: GM, Chrysler bankruptcies would extend recession well into 2010
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Cheney says grave worries about autos failure...
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Would You Buy a Car From These Guys?
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Big Three, Meet the "Little Eight" - How foreign car factories have transformed the American South
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Why Toyota wants GM to be saved
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Toyota to Delay Mississippi Prius Plant Construction
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Canadian auto industry could lose up to 20,000 jobs even with aid
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Why Washington Should Stay OUT of the Auto Business
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Toyota Puts Prius Plant On Hold
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582,000 Canadians could lose jobs if Detroit automakers fail
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European car sales down 26 percent
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Hedge Funds:
Hedge funds batten down hatches
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Besieged Citadel freezes redemptions at flagship funds
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Madoff Ponzi scheme sends ripples through battered hedge funds
(DBN Subscription Required)
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Bankruptcy Statistics:
Business Bankruptcies Surge by 61 Percent
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Rise of Bankruptcy Rate in NY Region Outpaces Rest of Nation
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Bankruptcy Lawyer Sees More Middle-Class Clients as Filings Jump 34%
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Bankruptcy filings rise 30% this year
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Bankruptcies up, Tennessee tops personal filings
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Colorado filings for bankruptcy accelerate
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Retailers:
Analysts say KB Toys bankruptcy not a surprise
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US Retail Credit Card Chargeoffs to Surge
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The fall of the mall is upon us
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As Wal-Mart rises, Target falls
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Best Buy 3Q Net Plunges 77%, To Slash New-Store Openings
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Best Buy: Downgraded to "Deteriorating"
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Lehman:
L&G warns on funds hit by Lehman collapse
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Kathleen Fuld: Shopping in Secret
(DBN Subscription Required)
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Economy:
Industrial outputs continue their slump
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Consumer prices fall by record 1.7%
(DBN Subscription Required)
Pelosi threatens hold on bailout funds
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Pelosi Says Financial Rescue Must Aid Homeowners
(DBN Subscription Required)
Unemployment: Worse Than it Looks
(DBN Subscription Required)
US Treasury 30-Year Bond Yields Fall to Record Low Before Fed
(DBN Subscription Required)
The swimming naked awards - A year of embarrassment when the financial tide went out
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Congress urged to grant payroll tax holiday
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12 Unusual Things Affected by the Financial Crisis
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Real Estate:
Fitch: Alt-A Mortgages Deteriorating More Rapidly than Expected
(DBN Subscription Required)
Housing permits, starts hit record lows
(DBN Subscription Required)
Housing Starts in US Fell 18.9% to 625,000 Pace
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Live Historic aka Pioneer Property Declares Bankruptcy
(DBN Subscription Required)
Delta liquidation plan confirmed
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Fidelity National alters purchase plan
(DBN Subscription Required)
Trump faces tower of troubles
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Hope Mill to seek DIP
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The 'Top 5′ Foreclosure Myths
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NJ lawmakers approve mortgage foreclosure aid
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Ohio settles with bankrupt subprime lender
(DBN Subscription Required)
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Fraud:
SIPC liquidating Bernard L. Madoff Investment Securities LLC
(DBN Subscription Required)
Madoff’s ‘Lie’ Ensnares Victims From Paris to Tokyo
(DBN Subscription Required)
Judge signs order to protect Madoff investors
(DBN Subscription Required)
Madoff Said to Use Unregistered Side-Unit for Clients
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Inquiry Finds No Signs Family Aided Madoff
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Madoff feeder funds levied high fees
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The Madoff Crisis Hits Europe Hard
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Extent Of Losses From Madoff Unclear
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Madoff Investors May Be Protected By Government
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British banks losing billions to ‘one big lie’ in biggest ever fraud
(DBN Subscription Required)
Ascot Fund Suffers 'Major Losses' in Madoff Scandal
(DBN Subscription Required)
Tremont Invested More Than Half Its Assets With Bernard Madoff
(DBN Subscription Required)
The Madoff Dilemma
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Madoff case seen fueling attacks on the SEC
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Madoff advised the SEC, while duping it
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Wealthy fought for chance to join Bernie Madoff’s club
(DBN Subscription Required)
Firm Touted Its Family Connections to Reassure Clients
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Can Madoff's victims recover their losses?
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Tax man may ease pain of Madoff's alleged victims
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The Enduring Appeal of Ponzi Schemes
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How to Make a Madoff
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What Does Madoff Auditor Say? No Answer
(DBN Subscription Required)
Did the banks perpetrate a Ponzi scheme?
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Madoff and the Global Economy
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Madoff’s Investors Needed a Blagojevich Moment
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What price glory? The Madoff Ponzi saga
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Sprawling Network Sold Madoff to Europeans
(WSJ: separate paid subscription required)
Swiss insurer Baloise to take $13M Madoff hit
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Santander, RBS, and BNP Paribas singed in Madoff flameout
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Top banks admit huge losses in Wall Street 'pyramid'
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Football:
Arena Football to cancel 2009 season
(DBN Subscription Required)
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Newspapers:
The writing's on the wall for old-style American newspaper
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Tribune's downfall is industry warning
(DBN Subscription Required)
Zell to Chicago Tribune: Employee Owners Could be "Wiped Out"
(DBN Subscription Required)
Bad Day at the LA Times
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Gambling:
Casinos rolling snake eyes in bad economy
(DBN Subscription Required)
MGM Mirage pares down as peers may fold
(DBN Subscription Required)
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Television:
'Crash' Producer Follows Intellectual Bankruptcy With Chapter 11 Variety
(DBN Subscription Required)
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Food/Drink:
Boll Weevil Steers Into Chapter 7
(DBN Subscription Required)
Agriprocessors continues search for buyer
(DBN Subscription Required)
USDA to meet with Agriprocessors suppliers
(DBN Subscription Required)
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Celebs:
Fans shocked as over-sized Mike Tyson makes awards show appearance
(DBN Subscription Required)
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Telecoms:
Nortel’s Probability of Default Rating Cut by Moody’s
(DBN Subscription Required)
Nortel unit gets 30-day waiver on support facility
(DBN Subscription Required)
Hawaiian Telcom venue shifts
(DBN Subscription Required)
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Alternative Energy:
Hearing set for bankrupt Gateway Ethanol
(DBN Subscription Required)
Dougherty should win Gateway assets
(DBN Subscription Required)
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Personal Finance:
Hard times mean more abuse
(DBN Subscription Required)
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Theme Parks:
Hard Rock Park auction “on-going”; winner to be announced this week
(DBN Subscription Required)
Hard Rock Park unlikely to open in 2009
(DBN Subscription Required)
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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)
(DBN Subscription Required)
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Banking:
GMAC Holders Agree to Revised Swap Terms, Lawyer Says
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Bank of America Said to Fire Executives Before Merrill Closing
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Bank of America lays off 20 senior execs
(DBN Subscription Required)
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Oil/Gas:
CDX Gas LLC files for Chapter 11 bankruptcy
(DBN Subscription Required)
CDX to seek use of cash
(DBN Subscription Required)
OPEC supply cut could be its deepest
(DBN Subscription Required)
Crude Oil Rises as OPEC Members Prepare to Reduce Production
(DBN Subscription Required)
Red Apple chairman aims to revive SemGroup
(DBN Subscription Required)
Supertankers used to store 50m barrels of oil
(DBN Subscription Required)
Judge thwarts East Cameron Partners
(DBN Subscription Required)
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Dog Racing:
Hinsdale Greyhound closes down
(DBN Subscription Required)
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Religion:
Belief in bankruptcy
(DBN Subscription Required)
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Municipalities:
Three Decades After Cleveland Defaulted on Its Debts, Cities Face Recession Budget Woes
(DBN Subscription Required)
Ohio downgraded to negative rating outlook
(DBN Subscription Required)
Four Years of Pain Ahead
(DBN Subscription Required)
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Insurance:
AIG sells residential mortgage-backed securities portfolio
(DBN Subscription Required)
S&P downgrades XL Capital's core units
(DBN Subscription Required)
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Resorts:
Yellowstone wins DIP approval
(DBN Subscription Required)
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Aviation:
American Airlines and union seek federal mediation
(DBN Subscription Required)
Frontier reports $9M loss in Q3
(DBN Subscription Required)
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Health Care:
Jury begins deliberating fate of last of 11 National Century execs
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Hospital creditor seeks stay relief
(DBN Subscription Required)
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Tech:
Chip Makers Face Longest Decline in History
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Report: Mac sales hit a slowdown
(DBN Subscription Required)
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Layoffs:
Goldman Sachs Cuts Jobs, Slashes Average Pay 45% to $363654
(DBN Subscription Required)
Republic Windows and Doors files for bankruptcy
(DBN Subscription Required)
Chicago 'sit-in' factory files for bankruptcy
(DBN Subscription Required)
More layoffs in publishing: This time at Macmillan
(DBN Subscription Required)
UTex Sued Over Mass Firings at Galveston
(DBN Subscription Required)
Air Products cuts jobs, lowers quarterly outlook
(DBN Subscription Required)
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Executive Compensation:
Bush added loophole to Wall Street bailout provision - Change removed ways to review executives' pay
(DBN Subscription Required)
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Golf:
KiS Golf to liquidate assets
(DBN Subscription Required)
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UK:
Fears for the future as phone companies run out of credit
(DBN Subscription Required)
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EU:
Big company buying binge expected in Europe
(DBN Subscription Required)
Trichet Sees Rate-Cut Limit, Signals ECB May Pause
(DBN Subscription Required)
European Bonds Rise as Bank Woes Boost Demand for Safest Assets
(DBN Subscription Required)
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Japan:
Supply concerns over Tsuji bankruptcy
(DBN Subscription Required)
Japanese homebuilder Matsumoto Kenko files for bankruptcy
(DBN Subscription Required)
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S.Korea:
Gov't to Support Bankrupt Homes
(DBN Subscription Required)
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Italy:
The big cheese bailout
(DBN Subscription Required)
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Canada:
Tahera fires staff, govt takes over diamond mine
(DBN Subscription Required)
U.S. retail pain jumps border
(DBN Subscription Required)
Canada Factory Sales Fall for Third Month on Lower Fuel Prices
(DBN Subscription Required)
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Norway:
Norway electric carmaker seeks aid, halts production
(DBN Subscription Required)
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Germany:
Merkel Says More Stimulus Needed to Help Economy
(DBN Subscription Required)
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Australia:
Centro Gives Banks Control as A$5.1 Billion Debt Gamble Fails
(DBN Subscription Required)
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