Law:
Heller's Last Laterals Took $7 Million
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GM Bankruptcy Advisers’ Fees Might Be ‘Bonanza’ $1.2 Billion
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Government Should Cap Huge Banker And Legal Fees For GM
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Law Firm Consultant: ‘I've Never Seen It This Bad’
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Layoffs at Sheppard Mullin: 25 Lawyers Let Go Since January
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Layoff Watch: Sheppard Mullin Is Finishing Up Rolling Layoffs
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Layoff Watch: Paul Hastings Takes Layoffs to L.A.
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McKee Nelson's Creative Approach to the Financial Crisis
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Lawyer Layoffs at Neal, Gerber & Eisenberg Include Partners
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Revenue Up Slightly at Dykema, Flat at Miller Canfield
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Weil, Debevoise, Cooley Help Spin off Lehman Venture Capital Unit
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Notes from the Breadline: You Can't Go Back, and You Can't Stand Still
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Helping out clients in tough times
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Pillsbury Layoff Update
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Pillsbury's 'Voluntary Departure' Plan
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Dreier unsecureds seek info. protocol
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Managing During a Death Spiral
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Can corporate entertainment on a credit crunch budget still impress clients?
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Are Female Lawyers at Risk in a Recession?
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Law Firm Forms Stanford Financial Fraud Task Force
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Marbury v. Madison: 206 Years Old and Still Going Strong
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Eight is Enough: Introducing the (Very) Busy Deal Lawyers at Treasury
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Gen Y Is Coming! Don't Panic!
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Formula for a Successful '08: Close Your Books in September Before the Bottom Falls Out
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Progress Comes With Higher Rent, Tougher Terms for Many NYC Lawyers
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The Fine Art of Overbilling
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Fish & Richardson Sued Over 'Hot Potato' Move
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U.S. Supreme Court Won't Review 'Rocket Docket' Ruling
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Yale Imposes Pay Freeze on Faculty Earning Above $75,000
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Law Applications Surge at Some Schools, But National Increase Is Less Than 1%
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8-year sentence for faked court papers
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Judges:
Ginsburg Was First Questioner in Two Supreme Court Arguments Yesterday
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Investigator Alleges 'Spanking Judge' Used Power for Sexual Liaisons with Prisoners, Drug Trafficking
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Brotherly Shove: Sibling Judges Face Ouster From the Bench Over Financial Dealings
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Judge Who Ruled in Milberg Fee Case Gets Job with Firm
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Another Federal Judge Allows Twitter Coverage of Trial
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Glass Ceiling Shatters in Palestine: 2 Women Become Islamic Court Judges
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Wall Street:
Stocks in Europe and Asia Advance; US Index Futures Decline
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No momentum for Wall Street
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Bernanke comments comfort Wall Street
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Europe exodus widens at Merrill
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Thain Arrives at Cuomo's Office to Testify on Bonuses for Merrill Staff
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Fidelity operating income drops 18 percent
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Fidelity's fund assets fell 23% in 2008
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Fidelity Investments sees $351B drop in total assets under management
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Banking:
Bernanke: 19 banks eligible for common infusion
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Bernanke Rejects Idea U.S. Will Employ Stress Tests to Nationalize Banks
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US to Get Bank Ownership Stakes Only as Losses Rise
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There are no zombie banks, Bernanke says
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S&P to kill banks?
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Top Democrat Eyes Bank Takeover
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Bank of America CEO: No talks on larger U.S. stake
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U.S. regulators brace for jump in bank failures
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Northern Trust defends spending on PGA event, parties
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Why Even Bernie Madoff Can't Match Marcel Ospel as Man Swiss Love to Hate
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Aviation:
Bankruptcy looms for some airlines in 2010, analysts say
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Eclipse seeking Chapter 7 bankruptcy
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Ten trends affecting business travel in 2009
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Sully becomes a hero again: "Pay Cut, Pension Gone"
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Airline Finances May Hurt Safety, Sullenberger Says
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Craiova Airplanes request money from AVAS to avoid bankruptcy
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Retailing:
Target Q4 profit drops 41%
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Target Is Planning To Take Greater Aim At Wal-Mart's Success
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Macy's Reports 59 Percent Drop in 4Q Profit
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Home Depot, Nordstrom, Macy’s Earnings Beat Estimates
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Fortunoff liquidation could begin this week
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Gottschalks bonus plan draws fire
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Cupertino Square could be sold, emerge from bankruptcy
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Cupertino goes back to drawing board
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Retailers Report Dismal 4th Qtr, Gird for Future
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Foam:
Foamex wins bankruptcy court approval for funding
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______________
Bankruptcy Services:
Epiq profits from bankruptcy boom
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Telecoms:
Nortel asks court to hire Mercer pay consultants
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Nortel sells Alteon technology for a fraction of its original value
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Nortel pensioners fear the worst
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Jewelry:
Finlay Negotiating Terms with Vendors
(DBN Subscription Required)
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Economy:
Consumer Confidence, Home Prices Slump
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US Data Stay Dim
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Retail Earnings Reflect Slowing Spending
(DBN Subscription Required)
Watchdog: TARP Fraud to Be Costly
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Northern Trust Spending Rekindles Criticism of Bailout ‘Abuse’
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Obama to focus on economy in high-profile speech
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Bernanke fears recession could extend to 2010
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Jindal calls plan irresponsible
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Obama's Head Of Econ Council Falls Asleep At Summit
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How long will recession last?
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The gravity-defying debt problem
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PIMCO: Nationalization bad approach
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Real Estate:
U.S. home prices fall at record pace, consumers fret
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US MBA’s Mortgage Applications Index Fell 15.1% Last Week
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Hardest Hit Markets Unlikely to Get Relief From Obama Rescue
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Fannie, Freddie Should Relax Loan-Modification Rules, FHFA Says
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A Look at Case-Shiller Numbers, by Metro Area
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Houston mayor drops plan to pay homebuyers' credit card bills
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Real Estate Slump Hits Manassas, Va., Hard - $250K-$300K Houses Going For $40K-$60K
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Village Homes reports negative cash flow in January
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WL Homes gets interim cash OK
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Young partygoers arrested for trashing a foreclosed Florida home
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Some Techniques May Not Work To Delay Foreclosures
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Bankruptcy Music:
"Bankruptcy Lover" - The new song by Bankruptcy Bill and The Fresh Starts
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Autos:
Delphi wins right to cut retirees' benefits
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Delphi could cut healthcare for 15,000
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Delphi symbol of our despair
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Visteon 4Q Loss Widens, Heightening Bankruptcy Risk
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Federal-Mogul Corp. sees big loss
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Car parts makers face a 2009 of bankruptcies
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Leaders want help for auto suppliers
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Washington gets serious about saving GM, Chrysler
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Detroit's Bankruptcy Event Horizon
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Auto task force meets with lawmakers
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Goal of U.S. autos task force not bankruptcy: senator
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Obama Team Planning for GM, Chrysler Bankruptcies
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GM asks Saturn dealers for more time
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Is Ford Different From GM and Chrysler?
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UAW: A Seat on Ford's Board?
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Top Ford Execs Take Pay Cuts, More Buyouts Offered
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Ford, Mulally Cut Pay; Salaried Workers Forgo Bonuses
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GM, Chrysler Finds More Corners to Cut to Save Money
(DBN Subscription Required)
Car Dealer Closings Accelerate in 2009
(DBN Subscription Required)
CAW ready to deal
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GM Europe Workers Urged to Rally for Jobs
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______________
Tech:
Microsoft sees weak market continuing
(DBN Subscription Required)
______________
Chemicals:
Lyondell Creditors Object to Use of Bankruptcy Loan
(DBN Subscription Required)
Lyondell CFO unsure about payment on 2027 notes
(DBN Subscription Required)
______________
Newspapers:
Philly news execs skip raises in bankruptcy case
(DBN Subscription Required)
Hearst says it may close or sell SF Chronicle
(DBN Subscription Required)
Hearst Threat to Close Chronicle Underscores ‘Terrible’ Climate
(DBN Subscription Required)
San Francisco: A no-newspaper town?
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Tierney’s Troubles
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______________
Municipalities:
Stockton Weighs Bankruptcy
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Vallejo Looks at Cutting Police, Raising Taxes
(DBN Subscription Required)
______________
Food/Drink:
Pilgrim's Pride, fired chicken growers to face off
(DBN Subscription Required)
______________
Lehman:
Lehman VC to spin-out, RE decision expected soon
(DBN Subscription Required)
Goodbye Lehman Brothers, Hello Tenaya
(DBN Subscription Required)
______________
Credit Cards:
8 myths about settling credit card debt
(DBN Subscription Required)
______________
Environmental:
Cleantech faces bankruptcy without quick aid
(DBN Subscription Required)
______________
Health Care:
Medicare for All Would Create 2.6 Million Jobs
(DBN Subscription Required)
Cuts likely at Temple Health
(DBN Subscription Required)
Katzenberg Aims to Shut Nursing Home of ‘Star Trek’s’ Dr. McCoy
(DBN Subscription Required)
______________
Celebs:
Calif. Appeals Court to Michael Jackson: Pay Legal Bill
(DBN Subscription Required)
______________
Tax:
Obama signals end of tax loopholes
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_____________
Corporate Governance:
Chancery Court Dismisses Shareholder Claims Against Citigroup for Failure to Monitor Subprime Risks But Allows Waste Claim for CEO Pay
(DBN Subscription Required)
______________
Layoffs:
Googling "Unemployment"
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Thousands line at New York job fair
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The Legal Minefield of Cutting Workers' Health Care Benefits
(DBN Subscription Required)
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New Bankruptcy Opinions
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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:
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Bankruptcy Reform:
Bankruptcy Bill May Spur Jump in Personal Filings, CBO Says
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GOP lawmakers take issue with loan modifications
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US House to take up housing bill on Thursday
(DBN Subscription Required)
______________
Fraud:
Stanford workers have ties to regulator FINRA
(DBN Subscription Required)
Stanford Clients Sending Out an SOS
(DBN Subscription Required)
Hetherington: I told you so on Sir Allen Stanford... in 1991
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Madoff investors may be able to trade their claims
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Madoff Investors Lose Bid for Exemption From Deadline
(DBN Subscription Required)
Madoff Must Have Had Help, Lawyers Say, Citing Trustee Report
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Leave The Fraud, Take The Cannoli
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Alleged $3.5B Petters Ponzi Scheme Racks Up Another $1.6M in Legal Bills
(DBN Subscription Required)
______________
Insurance:
Allstate Halves Quarterly Dividend
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Ambac Posts $2.34 Billion Net Loss on Mortgage Debt
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AIG’s Liddy May Shift Strategy as Asset Sales Stall
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AIG Will Have to Sell Big Insurance Units
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AIG Preparing for Possible Bankruptcy
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Will AIG go down in flames?
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Why AIG Had to be Nationalized
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AIG may still be too big for government to let it fail
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AIG looks like Geithner’s next big headache
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Black Holes May Test Government's Limits
(WSJ: separate paid subscription required)
‘Dead Peasant’ Policies: The Next Big Thing in Insurance Litigation
(DBN Subscription Required)
Bizarre Claim Against Amegy Bank
(DBN Subscription Required)
______________
Gambling:
Wynn Resorts Swings To 4Q Loss On Lower Revenue
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Boyd bids $950M for chunk of distressed Station Casinos
(DBN Subscription Required)
______________
Mass Torts:
Trial Starts in Libby, ‘A Great Place to Grow Up'
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W.R. Grace Faces Prosecution Testimony From Former Little League Players
(DBN Subscription Required)
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Pharma:
Dynogen files for bankruptcy protection
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______________
Comedy:
Could bailout include money for Dave Chappelle's tour?
(DBN Subscription Required)
______________
UK:
Darling in tense talks with banks
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Iceland scraps legal threat to UK over asset freeze
(DBN Subscription Required)
Signs of turnaround in fragile housing market
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Recession 'not yet clearly worse' than others
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UK Homebuilders May Write Down 1.63 Billion Pounds
(DBN Subscription Required)
______________
EU:
Data Show Deepening of Slump in Europe
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European banks boosted by Bernanke
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BDO says emerging economies following Europe downhill
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Germany Only Euro-Area Economy to Shrink in 2010, EEAG Says
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Latvia:
Latvia junked
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Estonia:
The number of bankruptcies might triple in Estonia
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Hungary:
Bankruptcies rise 16% in Hungary in 2008, topping regional average
(DBN Subscription Required)
______________
Canada:
Obama in Canada Finds Best Financial System Without Bad Banks
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______________
Germany:
Sliding Exports Trouble Germany
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Schleswig-Holstein Faces Bankruptcy on HSH Nordbank, Bild Says
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German CDS debt spreads hit record as economy crumbles
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China:
Jailed Billionaires Become New Face of China as Markets Worldwide Unravel
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As job losses bite unrest grows in China province
(DBN Subscription Required)
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S. Korea:
Bad Loans Are Biggest Threat to South Korean Banks, Fitch Says
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Argentina:
Kirchner Allies Leave Amid Farm Crisis
(DBN Subscription Required)
______________
Ireland:
Anti-fraud officers raid Anglo Irish Dublin HQ
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______________
Japan:
Japan's Exports Plummet Record 45.7%, Signaling Job Cuts as Slump Worsens
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Yen Off to Worst Start Since 2000 as Economy, Exports Shrink
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Japan's recession worsens as exports collapse
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UBS Erroneously Places 3 Trillion Yen Order After System Error
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Asia:
Asia Needs Own Monetary Fund to Stem Crisis, Development Bank's Kawai Says
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Thailand:
Thailand's central bank lowers interest rates to 1.5%
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