Law:
Struggling Heller Calls It Quits
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Heller Ehrman Looking at Dissolution
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Dissolution Is In The Cards
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Firms eye Heller talent after firm's collapse
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How Heller's fate mirrors that of other firms
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Bank crisis keeps bankruptcy pros up at night
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Gibson Dunn Forms Team to Counsel Clients on Government's Response to the U.S. Financial Crisis
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Hughes Hubbard Is Ready For Some Action
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How to Look Busy When Billable Hours Are Few
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Freshfields associates nervous at "interim reviews"
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Judge Threatens BigLaw, Ma Bell Lawyers With Sanctions
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It's Not You, It's BigLaw
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In-House Counsel See Slow Growth in Legal Spending Ahead
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Weathering the Financial Storm
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Skadden Rushes To Citi's Defense
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The Blame Game
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Need for In-House Malpractice Insurance Grows
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Attorney Reluctant to 'Front' $20,000 in Fees for Client Can't Withdraw
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Lawyer Accused of Living in Home of Dead Client Gets 15-Year Sentence
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Firm's lawyers asked to stop stealing meals
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Shearman cuts back on catering
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'Vexatious' Blogging?
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How Does A Turkey Write A Vacation Memo?
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The Curious Case Of Randy: Part 3
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Banking:
Government Seizes WaMu and Sells Some Assets
(NYT: separate free registration required)
WaMu seizure leaves TPG with steep loss
(DBN Subscription Required)
China banks told to halt lending to US banks
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WaMu Said to Approach Blackstone as Bailout Debated
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Paulson Plan Aimed at Helping `Poorly Run' Banks, Allison Says
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Citi could sell up to $80 billion in assets to Uncle Sam
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IndyMac solutions offer a possible glimpse of bailout
(DBN Subscription Required)
Weak or Strong, Banks Take Ratings Hits
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Fed keeps banks afloat as borrowing hits record levels
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HSBC Cuts 1100 Jobs in Wholesale Banking Division
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Aviation:
Delta shareholders approve Northwest merger
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Union: Northwest-Delta Merger To Hurt Workers
(DBN Subscription Required)
Frontier posts operating profit
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Alitalia Main Unions Sign Rescue Agreement With CAI
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Air France-KLM aims to buy up to 20% of new Alitalia
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A tense wait for pilot's decisions, Alitalia gets licence back
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Berlusconi plan to save Alitalia gains momentum
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Autos:
US Senate To Consider $25 Billion In Loans For Auto Makers
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Government may delay auto money
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Big 3's fed loans only 1st step
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GM still weighing engine, stamping plant cuts
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Wagoner says GM OK with $25B gov't loan package
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Delphi's creditors approve tentative GM financing deal
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Chrysler to Cut 300 Salaried Jobs
(WSJ: separate paid subscription required)
Money Fund Problems Deflate Goodyear
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Mazda to Use Chase Unit for Car Loans, Drops Ford Lending Arm
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Judge OKs GM deal to help Delphi exit bankruptcy
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Angry customers confront closed auto dealer
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Heard, Gregory still negotiating for dealership
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Bill Heard Chevrolet Customers 'Freaking Out'
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Majesky creditors: End contracts
(DBN Subscription Required)
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Wall Street:
Stocks in Europe, Asia, US Futures Decline on Bailout Delay
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Shares in Europe and Asia Fall
(NYT: separate free registration required)
Big banks delay decisions on bonuses
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Goldman to use funds to buy deposits
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JPMorgan to take over WaMu deposits
(WSJ: separate paid subscription required)
Morgan Stanley Hires Promontory's Ludwig to Advise on Banking
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Debt Market Distress Spreads
(WSJ: separate paid subscription required)
Barclays Says Commodities to Revive After Worst Drop Since 1956
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Raymond James to become a bank holding company
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Derivatives:
Credit derivatives market shrinks 12%
(DBN Subscription Required)
Cuomo Probes Swaps Trading
(WSJ: separate paid subscription required)
Are You Exposed to Credit Default Swaps?
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Dog Racing:
State to take over Twin River
(DBN Subscription Required)
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Fraud:
Lawsuits filed to recover assets in Rivas case
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Corporate Reform:
Former Medtronic Lawyer Alleges 'Pervasive' Kickbacks at Company
(DBN Subscription Required)
Petters meets with employees after federal search
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US Financial Crisis Sparks Harsh Criticism of Regulatory Efforts
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Economy:
Bailout deal breaks down; Bernanke back to Capitol
(DBN Subscription Required)
Talks Implode During a Day of Chaos; Fate of Bailout Plan Remains Unresolved
(NYT: separate free registration required)
White House bailout meeting went badly
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Treasury Secretary down on one knee before Pelosi
(DBN Subscription Required)
US bailout pressure mounts after WaMu
(DBN Subscription Required)
Three Men And a Bailout
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House Republicans Undercut Bush on Rescue, Slow Talks
(DBN Subscription Required)
Who's Winning the High-Stakes Game of Bailout Chicken
(DBN Subscription Required)
Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
(DBN Subscription Required)
Economic data point to recession
(DBN Subscription Required)
Fed's Fisher Says Bank Rescue Plan Would Worsen Fiscal 'Chasm'
(DBN Subscription Required)
Paulson fears bailout deal falling apart after chaotic White House meeting
(DBN Subscription Required)
Deal said to be near on big financial bailout plan
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Lawmakers Agree on 'Principles' of Rescue Deal
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The Dummy's Guide to the US Financial Crisis
(DBN Subscription Required)
Companies Under Pressure
(NYT: separate free registration required)
Hope for Bill to Pass in a Few Days
(NYT: separate free registration required)
Constituents Make Their Bailout Views Known
(NYT: separate free registration required)
Bernanke Moves Closer to Rate Cut as Risks Intensify
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World Economy Needs Emergency Rate Cuts, UBS's Magnus Says
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US bailout bill has $250 bln 1st installment
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Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say
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Bailout Pact Gains Momentum Amid Push for Tough Controls
(WSJ: separate paid subscription required)
Treasury's bailout plan should target bad loans, not burned investors
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A $700bn shot at the wrong financial target
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Durables orders, home sales skid lower
(DBN Subscription Required)
Ike And Gustav Throw Cold Water On US Jobs
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Oil rises on bailout worries
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Financial Chill May Hit Developing Countries
(NYT: separate free registration required)
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Real Estate:
New-home sales fall to weakest level in 17 years
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Mortgage Applications Decrease During Week of Sept. 15
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California Home Prices Drop Record 41% in August Amid Defaults
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Financial Crisis Hits Tri-State Homes
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Judge tables ICFQ reorganization plan
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Judges hear push-back against Countrywide case consolidation
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More aid is sought to save homes
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DLA Piper 2008 "State of the Market" Real Estate Survey Unveils Grim Outlook
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GMAC's Future May Hinge on Inclusion in US Rescue
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Renaissance files bankruptcy
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Stairway to bankruptcy for Hard Rock Park
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Thornburg Mortgage bailout still up in the air
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Real Estate's Latest Game of Chance
(NYT: separate free registration required)
Fannie, Freddie stock prices surge as shorts take cover
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Lehman:
SecondMarket to Trade Lehman Bros. Bankruptcy Claims
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GE May Bring Good Things To Life But Lehman's Not One Of Them
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Barclays says Lehman NYSE specialists resume trading
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Lehman's Fuld Begged GE, AIG For Help
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Alas, Poor Lehman, We Knew It Well
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Samurai Bond Market Shut by Lehman Bankruptcy Roiling Investors
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County could lose up to $5 million in Lehman bankruptcy
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Lehman Fuels $3 Billion Market in IOUs for Toner, Consulting
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Lehman Won't Return Frozen Prime Broker Assets for 'Some Weeks,' PwC Says
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Despite Lehman's bankruptcy and sale, most of its middle-market auctions grind on
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List Of Companies Reporting Lehman Bros Exposure
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Lehman Litigation Round-Up
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JPMorgan Has $23 Billion Secured Claim in Lehman Bankruptcy
(DBN Subscription Required)
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Politics:
McCain, Obama Jolt Bailout Negotiators
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Obama says more work needed on bailout
(DBN Subscription Required)
Biden slams McCain's response to fiscal crisis
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John McCain's Unworkable Plan to Deregulate and Insure Our Way Out of the Crisis
(DBN Subscription Required)
McCain Says There 'Never Was A Deal' On Wall Street Bailout
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McCain: Time is short to get bailout plan
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Bill Clinton: McCain acted on 'good faith' in debate delay
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Obama to DC
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Lobbyists in 'Feeding Frenzy'
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Oil/Gas:
Boom Drilling wins use of cash
(DBN Subscription Required)
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Finance:
Credit Enters a Lockdown
(NYT: separate free registration required)
Cost of commercial paper spikes
(DBN Subscription Required)
Equipment Financing Hits a Skid
(DBN Subscription Required)
The Credit Crunch and Small Biz
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Libor Rises Most Since 1999 as Banks Shun Money-Market Lending
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GE to Shrink Credit Unit
(WSJ: separate paid subscription required)
Consumers and companies may be forced to cut back
(DBN Subscription Required)
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Municipalities:
Alabama Gov. Bob Riley not optimistic about Jefferson County debt
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Moody's drops Alabama county's GO and other ratings
(DBN Subscription Required)
Towns That Could Be Hit Hardest by the Financial Crisis
(DBN Subscription Required)
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New Bankruptcy Opinions
(No new opinions today - link corrected form yesterday)
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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Bankruptcy Reform:
Tentative Bailout Agreement Struck: Bankruptcy Changes Still in Play
(DBN Subscription Required)
Bankruptcy Language Not Likely in Bailout Compromise
(DBN Subscription Required)
Is Bankruptcy Reform On Its Way Out?
(DBN Subscription Required)
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Insurance:
Greenberg to sell AIG shares for 'liquidity' purposes
(DBN Subscription Required)
Freddie Mac seeks remediation plan from AIG unit
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Greenberg's AIG Giveaway
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Police arrest 11 for spreading rumors about AIG
(DBN Subscription Required)
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Chapter 13:
Ninth Circuit Qualifies Right to Dismiss in Chapter 13 Bankruptcy
(DBN Subscription Required)
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Theme Parks:
Myrtle Beach Park Declares Bankruptcy, Vows to Reopen in 2009
(DBN Subscription Required)
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Utilities:
Studying Constellation's sale over a Natty Boh and crabs
(DBN Subscription Required)
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Bonds:
Short-Sale Ban Fails to Save Ambac From 50% Plunge
(DBN Subscription Required)
Short-Sale Ban Wallops Bond Market
(WSJ: separate paid subscription required)
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Mass Torts:
Philips Takes $353 Million Charge for Asbestos-Linked Claims at U.S. Unit
(DBN Subscription Required)
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Food/Drink:
Operator of 10 Sonny's restaurants files for Chapter 11
(DBN Subscription Required)
Barbecue franchisee files for Chapter 11
(DBN Subscription Required)
Diet cookie company crumbles into Chapter 11
(DBN Subscription Required)
RJ Gator's parent files for Chapter 11
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Pilgrim's Pride sees stocks slip into nose-dive
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Newspapers:
Pittsburgh Post-Gazette plans layoffs amid declining revenues
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Hedge Funds:
Hedge Funds Suffer Amid Market Woes
(WSJ: separate paid subscription required)
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Furniture:
Owner of Bassett Furniture Files for Bankruptcy
(DBN Subscription Required)
DD-OH gets OK to tap cash
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Recruiting:
Financial meltdown to hit headhunters
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Insider Compensation:
Backlash grows over bonuses for culprits of disaster
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Market slashes Fannie, Freddie CEOs' pay
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Bailout Could Hit Exec Pay, Says Former Capitol Hill Lawyer
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Debt Collection:
Debt Prices Fall Heading Into Q4
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Claims Trading:
Claims Trading Set To Explode
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Retailing:
Rite Aid Posts Fifth Straight Loss, Hires Executives
(DBN Subscription Required)
Hearing on Boscov's bankruptcy sale postponed
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_____________
UK:
Extra 600,000 'struggle with debts'
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What would Jesus short?
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Royal dressmaker Hardy Amies faces possible bankruptcy
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Failures could be exposed, says hedge fund chief
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Church accused over short selling
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Australia:
Bankruptcy authorities target mile-high hostie Lisa Robertson
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Property register a boon to administrators
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Germany:
Credit Crisis Schadenfreude
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EU:
Fortis Tumbles Most in 18 Years on Funding Concern
(DBN Subscription Required)
Fortis to Sell Assets to Bolster Capital
(WSJ: separate paid subscription required)
European Central Banks Offer More Dollars From Fed
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Investment funds target European property
(DBN Subscription Required)
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New Zealand:
New Zealand economy slips into recession
(DBN Subscription Required)
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Japan:
Japan chip testing house GTI files for bankruptcy
(DBN Subscription Required)
C's Create Files for Bankruptcy in Tokyo Court With $108 Million of Debts
(DBN Subscription Required)
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France:
Sarkozy Stresses Global Financial Overhaul
(NYT: separate free registration required)
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