Law:
Thelen Partners Vote to Close 84 Year-Old Law Firm
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The Milberg Case is Over. Finally.
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Treasury Offers $11M 'Bailout Love' to Hughes Hubbard and Squire Sanders
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Do Law Firms Still Aspire to a New York Presence?
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Ethics Complaint is Filed against Lawyer Accused of Keying Marine's Car
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Memo to President-Elect Barack Obama
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Obama, Democratic-Run U.S. Senate Are Poised to Reshape Federal Judiciary
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Law Firms Practicing Frugality
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Nonlawyers Are a Hot Ticket in Firm Hiring
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Heller in the Cellar
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The Story Behind American Apparel's Sham Arbitration
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Corporate Legal Departments Continue to Experiment with Flat Fee and Value Billing Options
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Why Didn't Thomas Qualls Show Up for Closing Arguments in His Case?
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Ma's Lessons for Being a Better Lawyer
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Two More Firms Pick Up Bailout Work
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N.Y. Jets Fan Sued for Using Loan to Buy $400K Stadium Seats
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Judges:
An "Orgy of Negativity" Mars Nation's Nastiest Judicial Race
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Truck Carrying Judge Crashes into Law Office of Opposition Lawyer
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Wall Street:
US Stock Futures Slump
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Europe Falls, Investors Digest US Election
(WSJ: separate paid subscription required)
Wall Street stages Election Day rally
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Obama May Inherit Bull Market After $6 Trillion Loss
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How stock sectors might fare in an Obama administration
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Bear Stearns risk officer now handling risk at N.Y. Fed
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Wall Street bonus backlash brewing
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Everything you've ever wanted to know about the world
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Analyst says Morgan Stanley poised for success
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JPMorgan to cut 75 trading positions
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Principal Financial shares up 23 percent
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'Getting Whacked in the Head, Every Day'
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US fund industry group forms money market panel
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Ex-Goldman Analyst May Have Fled
(WSJ: separate paid subscription required)
Blackstone Profit May Be Smallest Since IPO as Crisis Hits Fees
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Financial Engineering, Wall Street's Extreme Sport
(NYT: separate free registration required)
In Modeling Risk, the Human Factor Was Left Out
(NYT: separate free registration required)
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Autos:
Next prez to shape any GM-Chrysler deal
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GM's 'Time Is Very Short' for US Government Aid, Altman Says
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GM-Chrysler: Let's Do Hearings
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Auto earnings forecast grim
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Big 3, UAW ask for health trust help
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Carl Icahn dumps stake in Lear
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Toyota, BMW feel the heat from auto industry slump
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Specter of bankruptcy looms as car sales crash
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For GM, bad news may be good
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Auto dealers counter perception of difficult credit
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Detroit Shifts Focus to Next President
(WSJ: separate paid subscription required)
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Health Care:
80% in U.S. worry about medical bills
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Johnson Memorial filing bankruptcy today
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Amylin Shares Crash
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Shares of Tenet Healthcare wilt after warning
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Banking:
Good, Bad And Ugly From UBS
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2 European Banks Offer Gloomy Outlooks
(NYT: separate free registration required)
BNP Paribas Third-Quarter Net Falls 56% on Provisions
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Euro banks spread gloom as profits fall
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RBS chief blames predecessors
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Food/Drink:
Class action suits pile up against Pilgrim's Pride
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Oaktree Getting Largest Bite of Reorganized Food Company
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Predatory Lending:
The Center for Irresponsible Payday Loan Studies
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Printing:
Eva-tone files for bankruptcy reorganization
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Lehman:
The Sleazy Lehman Brothers Subsidiary
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Hidden spreadsheet rows hit Barclays with toxic Lehman contracts
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Private equity firm buys Lehman stake in National Investment Managers
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Ex-Lehman Worker Sues Over Firing, Seeks Class Action
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Perella Weinberg hires from Lehman to expand reach
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Lehman brothers bankruptcy 'perfect storm'
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Lehman trustee files objection
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Seminars:
San Francisco Bar To Discuss Business Insolvency
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Bankruptcy Statistics:
Hawaii bankruptcy filings jump 62.8%
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Corporate Governance:
Hedge funds to lead charge
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The Corporate Governance and Public Policy Implications of Activist Distressed Debt Investing
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Derivatives:
CDS counterparty failure still poses risks-Moody's
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Credit-Default Swaps on Italy, Spain, Deutsche Bank Most Traded
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DTCC starts giving insight into credit default swap market
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Financial Literacy:
How to talk to kids about hard times
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RVs:
Judge OKs National RV plan
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Economy:
Factory Orders Slide More Than Forecast
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Global recession has begun
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October Job Cuts Surge 79% From Year Ago
(DBN Subscription Required)
Factory Orders Fall as Businesses Cut Back
(NYT: separate free registration required)
Nervous creditors put squeeze on small businesses
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Expect 'severe' world economic downturn next year, Fitch says
(DBN Subscription Required)
Obama May Not Wait for Inauguration to Start Putting His Stamp on Economy
(DBN Subscription Required)
Like F.D.R. did as he took the White House, Barack Obama will have to make it up as he goes along.
(DBN Subscription Required)
Obama's Victory: Three Lessons for Business
(DBN Subscription Required)
Obama May Boost Spending on Highways, Bridges in Bid to Stimulate Economy President
(DBN Subscription Required)
Business Braces for Cooler Climate
(WSJ: separate paid subscription required)
Three Industries That Could Use Government Money
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Dollar higher as risk aversion returns
(DBN Subscription Required)
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Real Estate:
Fannie Mae spends more than $6000 on golf outing
(DBN Subscription Required)
Lazard rejects claims in GM building lawsuit
(DBN Subscription Required)
Is Hope For Homeowners Hopeless?
(DBN Subscription Required)
Feds May Be Considering Subsidy on Troubled Mortgages
(DBN Subscription Required)
D.R. Horton expects $800M-$900M loss in 4Q
(DBN Subscription Required)
History Warns Against Foreclosure Moratoria: Study
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GMAC Posts Quarterly Loss, ResCap Unit Faces Doubt on Survival
(DBN Subscription Required)
Heaven to face show-cause hearing
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Ace Mortgage files Chapter 7 bankruptcy
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Restructuring firm takes over Big Island's Hokuli'a
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Oil-Price Drop Hits Home in Texas
(WSJ: separate paid subscription required)
Office Tenants Flee Manhattan Rents
(NYT: separate free registration required)
Developer John Rankin files for bankruptcy
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Cedar Funding probe stymied
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Oil/Gas:
Oil Falls on Forecasts US Data Will Boost Recession Concern
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SemGroup in $89.8 mln settlement with Goldman unit
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Retailing:
Debt crisis strains marriage of US stores, vendors
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Mervyn's may pay fired workers
(DBN Subscription Required)
Circuit City Braces for Dismal Holiday
(WSJ: separate paid subscription required)
Boscov's to sell assets to retired executives
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US Luxury Retailers Face Grimmest Holiday as Economy Withers
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Vendors and retailers fight to stay alive as credit crisis tightens
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Few Deals To Be Had At Circuit City Liquidation Sales
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More evidence mounts of weak October sales
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RedEnvelope liquidation OK'd
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Credit Cards:
MasterCard, Visa soar though card spending trimmed
(DBN Subscription Required)
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Finance:
Libor's Biggest Drop Fails to Match Fed, Spur Loans
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SBA unable to thaw credit freeze
(DBN Subscription Required)
Lending rates fall to pre-Lehman levels
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Interbank rates fall again, but credit woes remain
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Ambac posts $2.4 billion quarterly loss
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Layoffs:
Nokia Cuts 600 Jobs
(DBN Subscription Required)
Nortel could cut up to 5,000 jobs next week
(DBN Subscription Required)
The Axeman Cometh
(DBN Subscription Required)
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Fraud:
Ponzi scheme mastermind pleads guilty; faces 24 years in prison
(DBN Subscription Required)
Fed Warns Consumers About Pitches on Phony US Lending Program
(DBN Subscription Required)
______________
Aviation:
Mokulele sues Mesa Air
(DBN Subscription Required)
M&S refunds foreign currency to Sterling Airways customers
(DBN Subscription Required)
SAS airline operator in the red
(DBN Subscription Required)
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Accounting:
The Credit Crisis And The Audit Committee
(DBN Subscription Required)
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Turnarounds:
Turnaround Management Association Names Officers for 2009
(DBN Subscription Required)
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Credit Counseling:
Extra bankruptcy hoop often costly, frustrating
(DBN Subscription Required)
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Corporate Reform:
Obama Overhaul of Finance Rules May Lead to Clash With Industry
(DBN Subscription Required)
______________
Hedge Funds:
Autonomy Capital Halts Withdrawals From $1.2 Billion Hedge Fund
(DBN Subscription Required)
Goldman's Equity Hedge Fund Slumped 15.6% Through September
(DBN Subscription Required)
Salida Capital's Flagship Fund Lost 34% in October on Takeovers
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Hedge Funds: What Happens When the Chickens Come Home to Roost?
(DBN Subscription Required)
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Pensions:
Recession may jeopardize 401(k) contributions
(DBN Subscription Required)
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Transit:
Transit Agencies Seek Aid in Avoiding A.I.G. Fees
(NYT: separate free registration required)
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Celebs:
Bank seeks to exempt singer's house from protection in bankruptcy filing
(DBN Subscription Required)
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Bankruptcy Reform:
Democrat Gains in Congress Clear Way for Party Agenda
(DBN Subscription Required)
______________
Construction:
Accent Windows files for Chapter 11
(DBN Subscription Required)
Housing Crash Falls On Jancor
(DBN Subscription Required)
______________
PE:
Carlyle warns on grim outlook
(DBN Subscription Required)
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Tax:
Germany slams Liechtenstein over fraud lethargy
(DBN Subscription Required)
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New Bankruptcy Opinions
(1 new opinion today)
Bankruptcy Court Web/Pacer Site Directory Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:
(1), (2), (3), (4), (5), (6), (7), (8), (9), (10)
(DBN Subscription Required)
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Politics:
McCain Falls as Voters Reject Bush Legacy
(NYT: separate free registration required)
President Obama: A Trustee in Bankruptcy
(DBN Subscription Required)
Schumer's Finance Advice for the Next President
(NYT: separate free registration required)
Obama: Where he stands
(DBN Subscription Required)
Obama's Win Raises Expectations of Poor, Minorities
(DBN Subscription Required)
Blame Henry Paulson
(NYT: separate free registration required)
The Treatment of Bush Has Been a Disgrace
(WSJ: separate paid subscription required)
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Insurance:
Levene: Lloyd's is shielded from credit crisis
(DBN Subscription Required)
Hartford employees to lose jobs
(DBN Subscription Required)
AIG Violated Investor Rights in Accepting Bailout, Suit Says
(DBN Subscription Required)
Hannover Re Scraps 2008 Dividend Amid Equity Writedowns, Claims
(DBN Subscription Required)
Eighth Circuit Reverses Bankruptcy Court Ruling Against D&O Insurer
(DBN Subscription Required)
______________
Insider Compensation:
Why We Need to Limit Executive Compensation
(DBN Subscription Required)
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Alternative Fuels:
Skadden Named Bankruptcy Counsel for Leading Ethanol Producer
(DBN Subscription Required)
An Ethanol Eulogy
(DBN Subscription Required)
What went wrong at VeraSun?
(DBN Subscription Required)
Prospective DIP Provider Runs from VeraSun
(DBN Subscription Required)
BPI Energy Currently Insolvent and Could be Headed to Bankruptcy
(DBN Subscription Required)
Economy Shifts, and the Ethanol Industry Reels
(NYT: separate free registration required)
Renewable Energy Stocks Fall as Deutsche Bank Points to Risk
(DBN Subscription Required)
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Bankruptcy Litigation:
Libel lawsuit motion granted in Vegas bankruptcy case
(DBN Subscription Required)
______________
Furniture:
American Home files Chapter 11
(DBN Subscription Required)
Home Interiors wants Ch. 11 trustee
(DBN Subscription Required)
______________
Bonds:
MBIA Posts Wider Loss After Reserving More for Claims
(DBN Subscription Required)
Ambac posts $2.4 billion quarterly loss
(DBN Subscription Required)
Bonds fall after Obama's election
(DBN Subscription Required)
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M&A:
Distressed markets, low values to spur fund M&A
(DBN Subscription Required)
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Mass Torts:
Asbestos lawsuit forces Christy Refractories into bankruptcy
(DBN Subscription Required)
US court reinstates Bhopal victims' case
(DBN Subscription Required)
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Sovereign Debt:
Crisis reaches new level as nations face financial ruin
(DBN Subscription Required)
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Media:
Time Warner Lowers 2008 Forecast on Restructuring
(DBN Subscription Required)
______________
UK:
BoE likely to slash interest rates by half point this week
(DBN Subscription Required)
Icesave customers will get their money back by end of November, authority says
(DBN Subscription Required)
More than 250,000 empty homes
(DBN Subscription Required)
Liberty Reports Loss as UK Property Values Decline
(DBN Subscription Required)
U.K. Factory Output Drops in Worst Streak Since Early Years of Thatcher
(DBN Subscription Required)
Rok to Cut 15% of Jobs as Construction Slump Spreads
(DBN Subscription Required)
First-time buyers on the rise
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ITV Predicts Ad Sales Will Drop 9% This Quarter, `Tough' 2009
(DBN Subscription Required)
UK Politicians on All Sides Claim Inspiration From Obama
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EU:
Europe Retail Sales Fall as Banking Crisis Hits `Real Economy'
(DBN Subscription Required)
HeidelbergCement, Dyckerhoff Among at Least Five Companies Raided by EU
(DBN Subscription Required)
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Canada:
Birch Mountain shares plunge on creditor demands
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Ireland:
The deteriorating picture at AIB
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Iceland:
Did Former Kaupthing CEO Permit Write-Offs?
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Poland:
Poland inks in details of shipyard compromise
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Australian:
ABC Learning swept into receivership
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Allco goes into receivership
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Spain:
Spanish real estate debts turn toxic
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Spanish jobless numbers jumps to a 12-year high
(DBN Subscription Required)
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Japan:
Pioneer predicts greater loss
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Hong Kong:
Signs of Slowdown Abound in Hong Kong
(WSJ: separate paid subscription required)
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China:
Funding Drought Slams Chinese Plans as Banks Shun Plea to Lend
(DBN Subscription Required)
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Germany:
German cabinet backs €50bn growth plan
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Italy:
Italy to launch €30bn bailout fund
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