Law:

Bankruptcy League Tables
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General Motors Gets 'Da DIP' It Needs
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Venable Adds Bankruptcy Partner
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General Growth Bankruptcy Sends In a Clown
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Dealmaker of the Week: N. Lynn Hiestand of Skadden Arps
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AIG Deals Net Work for Five Am Law Firms
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ABA Seeks Lawyer Red Flag Exemption
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Buchanan Ingersoll to Cut Associate Pay
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Salary Cut Watch: Buchanan Ingersoll
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Firm Axes 26 Lawyers, 47 Staffers, Cuts Hours for Many Who Remain
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In Defense of Fake Work
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Pass/Fail: NY Firm Keeps 13 Out of Associate Class, Cuts Two
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DLA, Reacting to Economy and Client Requests, Moves Away from Lockstep
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DLA Piper to Move Away From Lockstep ... Eventually
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DLA to use more staff lawyers and replace associate lockstep
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DLA Piper Defers its Deferred Associates
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Howrey Simon Embraces Apprenticeships
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The deal lawyers
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Associates to have their pay docked for missing targets
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Jones Day Granted Discovery Motion in Lehman-Barclays Squabble
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Law Apps for iPhones (and Blackberry)
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Right Away's OK, But Later's Greater
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Road to Riches
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Unqualified Law Student Admitted in Exchange for Promise of 5 Jobs
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High Court: Strip Search of Teen for Ibuprofen Illegal
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Former N.J. Prosecutor Defends Contract for Ashcroft
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7 McCarthy Tétrault Employees Spent 5 Hours in Hot Elevator Yesterday
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Double Helping of Ridiculous Lawsuits
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Lawsuit of the Day: Perez Hilton
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Everything Is Better in Texas
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Senior Partner in Gay Pride rant
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Federal Jury Awards $5M to Texas Man Convicted on Bad Crime Lab Evidence
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9th Circuit Allows Suit Against Prosecutor Who OK’d DNA Sample Without Warrant
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Judges:

No Bail for Blogger Accused of Threatening Judges
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Alleged Web Threats to Murder 3 Judges Spark 1st Amendment Debate
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Federal Judge Samuel Kent Resigns, as Senate Impeachment Trial Looms
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SCOTUS Is Clothes-Minded When It Comes To Student Strip Search
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The Ninth Circuit Curse Strikes Again
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How Will Judge Sotomayor Decide Bankruptcy Cases if She Gets to the Supreme Court?
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Wall Street:

Stock Futures Slip Ahead of Personal Spending Data
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HK shares gain for 3rd day; China stocks at 1-yr high
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Retailers, Builders Lead Rally
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Retail Sector Gives Wall Street a Push
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Bonuses:

A new City acronym: Bonuses Are Back.
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Layoffs:

National and State by State Unemployment Rates
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Monsanto to Lay Off 900 After Earnings Drop
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Kimberly-Clark to cut 1,600 jobs
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Trading a white collar for blue
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The Plight of the Unemployed CEO: Underqualified for Management; Overqualified for Starbucks
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Executive recruiters and HR professionals see indications that corporate hiring will pick up dramatically in 2010
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The quiet Americans - Employees are proving stoical in the face of pay cuts and compulsory unpaid leave
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Health Care:

Medical Office Update: Healthcare Coming Down With Symptoms of Ailing Economy
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Medical Analysis By Milton Friedman
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Heading for the emergency room
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Hotels:

Red Roof default adds to Citi's motel woes
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Marriott gets a wake-up call
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Once-Hot Hotel Deals Cool
(WSJ: separate paid subscription required)

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Convenience Stores:

7-Eleven, Others in Convenience Category Proving Resilient Through Recession
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Fraud:

Stanford Pleads Not Guilty in Fraud Case
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Judge says Stanford may be freed on bond
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US judge sets Allen Stanford's bail at $500,000
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Stanford Bond Stayed; Financier Drew $100M from Swiss Bank, Prosecutors Say
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Prosecutors to Appeal Stanford's Release on Bond
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Antiguan ex-official arrested in Stanford case
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Madoff Investor Group Wants to Have Releases Voided
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Emotions Run High as Madoff Sentencing Nears
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Madoff's Failure to Name Accomplices Cripples His Bid for Lenient Sentence
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Judge Declines to Dismiss Charges Against Abramoff Associate
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Kerviel Should Be Tried Concerning $7B SocGen Trading Loss, Prosecutors Say
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Finance:

Commercial paper market shrinkage
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FirstPlus Financial files bankruptcy
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Aviation:

US airlines raise fares twice in two weeks
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Milwaukee's Midwest Airlines is sold to Republic Airways
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Frontier posts 7th straight monthly operating profit
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Deregulation blamed: The policy has led to layoffs, lowered wages and lax safety
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Ryanair's Step Too Far?
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British Airways' cash conundrum
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Telecoms:

Nortel and the pitfalls of creditor protection
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Insurance:

D&O Insurance and Non-Officer Directors
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Economy, Model Reliance Called Top Insurer Risks By E&Y
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Ex-AIG Chief Greenberg Wasn't Told to End Compensation Plan, Lawyer Says
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AIG Rests as Simpson's Beattie Contradicts Greenberg
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Hockey:

Moyes' attorney welcomes Phoenix Coyotes bids
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Coyotes players believe team will stay in Arizona
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Food/Drink:

Dunkin Donuts/Baskin Robbins franchisee files Ch. 11
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RVs:

Court approves sale of Fleetwood's RV unit
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Economy:

Jobless Claims Rise
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GDP revised to 5.5% decline in first quarter
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Lawmakers Attack Fed For Being 'Shrouded In Secrecy'
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Fed Trims Emergency Lending Programs as Crisis Wanes
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Fed extends credit programs until early 2010
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How Congress Will Steal the Recovery
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Roubini: No confidence in government exit strategy
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Warren Buffett: 'You Can't Produce a Baby in One Month by Getting Nine Women Pregnant'
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The United States is experiencing what Japan did in the 1990s, but seven times faster
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Economy Tracker Map
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Recovery Index
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Real Estate:

Real Estate Won't Recover Until 2017
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May Delinquency Rate up 50% from 2008
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California, Las Vegas Home Prices Decline on Foreclosure Sales
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New auction date for Statler
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Wholesale Lender to Pay $9 Million over Non-Traditional Mortgages
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Foreclosure Backlog Imperils Recovery
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Zion's Bank sues Draper over SunCrest
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Builders Will Keep Getting 'Squeezed' for Months
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Friends Help Save Edith Wharton Estate
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Countrywide's little black book
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Banking:

Bank of America Heads for Quarterly Loss, Citi Says
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Bank of America Has Second-Highest Fed Grade, Documents Show
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Congress grills Bernanke on BofA, Merrill deal
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Bernanke says he didn't bully BofA to buy Merrill
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Bernanke Grilling May Weaken Case for Fed as Risk Regulator
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'A Most Unusual Transaction'
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Documents indicate Fed tried to hide Bank of America-Merrill deal
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Did Ken Lewis mislead shareholders?
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Bernanke Will Not Say Bank of America's Lewis Is 'Competent'
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Ken Lewis & BAC's Shareholders Got Hosed by the US Gov't
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Citi pay raises generate political heat
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Bailed-Out Bank Execs Will Get to Keep Golden Parachutes
(DBN Subscription Required)

TARP banks increasingly eye warrant liquidation
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Japan Slaps Sanctions on Citibank
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US May Bundle Loans From Failed Silverton for Sale, FDIC Says
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UBS Raises $3.5 Billion in Share Sale, Expects Loss
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Sovereigns:

UN seeks answer to bankruptcy of a country
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Forest Products:

Global forest earnings slide into red
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Corporate Reform:

SEC gets tough on Wall St tribalism, Hires "empty creditor" prof
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Posner: Financial Regulatory Reform: III
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U.S. Consumer Protection Agency Idea Blasted In PCI Testimony
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Wall Street Sets Campaign on 'Populist Overreaction'
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Bankruptcy Litigation:

Umpqua Bank sued by bankruptcy trustee
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Bankruptcy Trustee Seeks $100M from Lawyer
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WaMu's Billion-Dollar Case Against JPMorgan Chase Gets Early Test
(DBN Subscription Required)

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Consumer Products:

Spectrum Brands to exit Ch. 11 in August
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Newspapers:

Sulzberger Says Boston Globe Likely to Need Further Cost Cuts
(DBN Subscription Required)

Info gathering allowed in Tribune-Beatty dispute
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Journal Register hits bankruptcy plan objections
(DBN Subscription Required)

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Travel:

Customers Seek What Was Lost In Travel Company's Closing
(WSJ: separate paid subscription required)

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Furniture:

Court approves sale of 1800mattress.com to Sleepy's
(DBN Subscription Required)

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Aerospace:

Boeing could face half-billion-dollar hit in Sea Launch bankruptcy
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Boeing: $35 million charge from SeaLaunch subsidiary
(DBN Subscription Required)

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Tourism:

Superferry urged not to abandon 2 vessels
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Private Equity:

Cerberus, Centerbridge Accused Of Machiavellian Takeover Scheme
(DBN Subscription Required)

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Retailing:

Landlords file objections in Eddie Bauer bankruptcy
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Waking up to the realities of the global economic crisis, the owners of Barneys New York have shelved plans to expand
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Credit Cards:

Credit Card Charge-Off Rate Jumps 10%, Moodys
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Printing:

Quebecor World exit plan hits roadblock
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Packaging:

Caraustar receives final court approval for full access to $75M DIP
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Metals:

Brown Steel files Chapter 11 bankruptcy
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Celebs:

Jackson Lived Like King but Died Awash in Debt
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Lawyers set for legal battle over Michael Jackson estate
(DBN Subscription Required)

How Michael Jackson squandered his fortune
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Settling Michael Jackson's Estate May Be a Thriller
(DBN Subscription Required)

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Agriculture:

Olam International To Acquire SK Foods For US$39 Million
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Shipping:

Box lines staring at $50bn revenue collapse
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Turnarounds:

Why This Downturn is Different
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Is a Vendor Creditor Better Off With An Executory Contract? Answer Depends on Intentions Going Forward
(DBN Subscription Required)

Seven Tactics for Restructuring in a Turbulent Financial Market
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