Law:
Dewey & LeBoeuf Cuts Compensation of 66 Partners
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Poor-performing Dewey partners see drawings cut by up to 80%
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Law Firm Layoffs (and Alternatives) Create Litigation Risk
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Laid Off NY Lawyers Offered (Unpaid) Work by NYC
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How Do Firms Lay Off Lawyers? Very Carefully
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Axed DLA staff vent spleen
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Last Week In Layoffs
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Firm floats radical flexi-working scheme
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SunCal Lawyer Whacks Weil
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In Tough Economy, Firms See Marketing Potential in Stimulus Bill
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When Can First Years Expect to Start At Pillsbury?
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Husch Blackwell Follow Up
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Interview Tips: Biglaw to Small Law (Part I)
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Interview Tips: Biglaw to Small Law (Part II)
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Great Days Ahead for SmallLaw?
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Double Trouble: Woes Pile Up for Partners With Two Dead Firms in Their Past
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Non-Equities (& Others) Heard From On "The Great De-Leveraging"
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Client Sues Hogan & Hartson for Helping Competitor
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After 40 Years, Retired Senator Returns to Hogan & Hartson
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Dreier client list a celebrity who's who
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Ruling Puts Heller Partners at Risk; Brobeck Laterals Already Sued
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Federal Circuit OKs Sanctions Against Paul Hastings and Client in Patent Case
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Two Firms Set to Move Into Brand Spanking New Chi-Town Skyscraper
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NJ Sues Multiple Lawyers in Alleged $18M Mortgage Racketeering Scam
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Head of Citi Law Firm Group Departs
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Obama’s U.S. Attorney Conundrum
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Tough Times? Blame The Lawyers (Everyone Else Does)
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Judges:
Ginsburg hints at Supreme Court vacancy 'soon'
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‘Surely We Will Soon’: Mulling Justice Ginsburg’s Cryptic Comment
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Feds Subpoena Insurance Records, Broaden Reach of Judicial Corruption Probe
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3rd Judge on Hot Seat; Will Juvenile Convictions Be Reversed?
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Wall Street:
US stock futures point to rally's extension
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Global Equities Up For 5th Session In Row
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London market higher
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Banks stocks carry HK shares into fifth winning day
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Wall Street Cautiously Optimistic This Week
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Signs of Stability Drive Up Stocks
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Why Stock Prices Don't Matter
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Investors Weigh Fed's Plan to Spur Credit Markets
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Care Bears
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Bear Stearns signaled the beginning of a long slide
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Bear Stearns: The Fed's Original 'Systemic Risk' Sin
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Where Are They Now? - Bear Patrol
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Bear's Fall Brutal for Employees
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Bear Stearns Showed Me Why Heavy Debt Is Murder
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The Shaming of John Thain
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The Goldman infallibility myth
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Investment banking survivors jockey for share
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Insurance:
A.I.G. Lists Firms It Paid With Taxpayer Money
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SocGen defends payments from AIG
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US backs off on renegotiating AIG worker payments due Sunday
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AIG Still Living in Denial As It Pays Out Millions in Bonuses
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Reactions to AIG Bonuses: ‘Outrageous,’ ‘Angry’
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AIG's insistence on bonuses raises ire in Washington
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Rep. Frank wants to see if AIG bonuses recoverable
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Millions in AIG bonuses ignite bipartisan fire
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AIG to America: screw you
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At AIG, Good Luck Following the Money
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AIG CEO slated for US Congress testimony
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Poor timing leaves insurer's future in doubt
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Conseco needs cash at worst time
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State bans sale of bankrupt firm's travel insurance
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D&O Insurance: The Contract Exclusion
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Newspapers:
Tucson Citizen to close March 21 after 138 years
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Times may not be far behind Post-Intelligencer
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San Francisco Chronicle union OKs concessions
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Are newspapers sinking?
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Newspapers and Thinking the Unthinkable
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Idea of newspapers as nonprofits gains ground
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Journalism evolving, not dying
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More Specifics on Newspapers from 'State of News Media' Report
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Gambling:
Harrah’s Owners Said to Hedge Against Bankruptcy
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Atlantic City shows gambling isn't recession-proof
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Bad times for gaming a boom for some
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MGM Mirage faces breakup if unable to reach deal with lenders
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MGM Mirage Said to Offer Casinos as Security to Avoid Default
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Lenders will own casinos in proposal
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Before recession, success further fed gaming industry’s egos
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Theme Parks:
Six Flags in Negotiations to Stave Off Chapter 11
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Cedar Fair retains Merrill to consider asset sale
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Food/Drink:
Broken Bruno's: Beleaguered chain describes problems
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Pilgrim's Pride sets price at $80 million
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Banking:
Fed chief defends banking bailout and predicts early recovery
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U.S. to Toughen Finance Rules
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Let bad banks fail
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Bankers fight for their rights - to be zombies
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Pressure mounts at Bank United
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Rep. Waters Defends Ties to Bank
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For J.P. Morgan, Legal Headaches
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UBS cutting 5,000 jobs
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HSBC Stock Slump Has Inspector Clouseau on Case
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Barclays - spinning out of control
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Movie Industry:
Typhoon files for bankruptcy protection
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Celebs:
Is This a Suicide Mission?
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Hefner Manse Hits Market
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Religion:
Boom borrowing hits churches
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New generation of homeless find shelter at church
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Abuse bill would cripple church, diocese says
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Catholic Church Still Paying for Predatory Clergy
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Debt Collection:
Complaints pile up against debt collectors
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Environmental:
Asarco offers environmental settlement
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Horse Racing:
Caruso Mulls Taking a Run At Santa Anita
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'Critical' MEC Financing OK'd by Judge
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Retailing:
Thinking outside the big box
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American Apparel gets $80-million, to retire a credit line
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Retail REITs Have Further to Fall Even After 78 Percent Decline
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Strasburg tries on Ch. 11
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Wal-Mart vs. Target: No Contest in the Recession
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Furniture:
For sale: Cubicles, slightly used
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Private Equity:
Half of Private Equity Firms May Close Amid Slump
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Accounting:
Fair-Value Accounting Isn't Working, Wells Fargo Chairman Says
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History:
The Last Bankrupt Hanged
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Ladies in Red: Learning from America's First Female Bankrupts
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Economy:
Production, Home Building Probably Fell
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Consumer Sentiment Index Rises In March: Report
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Gone in 1.8 Seconds
(DBN Subscription Required)
Obama Administration Tries to Reassure China on Treasury Debt
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Obama May Widen Fed Powers, Boost Capital Rules
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Bracing for a Bailout Backlash
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The Fed Waits for Results
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Why We Need 'Chapter TARP' Bankruptcy
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Half of Americans Say Depression Likely
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Message to Obamanomicists: Bankruptcy is Economically Valuable
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Stimulus package gives little to seniors
(DBN Subscription Required)
Obama to use billions to aid small business owners
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Small Business Loans Criticized
(DBN Subscription Required)
Geithner Says He’ll Soon Offer Details on Toxic-Asset Cleanup
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Biden sees signs economic confidence returning
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Bernanke: Recession Could End in '09
Economic Advisers Warn of No Quick Turnarounds
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Doubts Raised About Government Plan to Boost Consumer Lending
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No Clear Accord on Stimulus by Top 20 Nations
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G-20 Presses U.S. to Repair Its Banks
(DBN Subscription Required)
G-20 Turns Sight on Toxic Assets in Coordinated Move
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Summers Says Economy Hasn't Hit Bottom, Job Losses May Continue
(DBN Subscription Required)
Bush Was Six Months Late on Bank-Rescue Program, Lazear Says
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The Rise of the Underground
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______________
Real Estate:
Builders Split on Tax Break, Lobbying
(DBN Subscription Required)
California's Foreclosure Activity Lives On
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Atlanta: Builder’s fall just one link in chain reaction
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Abandoned neighborhoods pose problems for residents left behind
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A General Hypothesis on Real Estate Prices
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Payment default not required to get mortgage aid
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Trump venture folds, leaving buyers strapped
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Irvine Apartment Investor Puts Assets in Chapter 11
(DBN Subscription Required)
Bethany Holdings seeks final cash use
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American Dream over for Rio Vista homeowners
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Oil/Gas:
Producers forced into bankruptcy, key asset sales
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Natural Gas Rigs Shutting Means Prices May Double
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OPEC keeps existing targets unchanged
(DBN Subscription Required)
As Oil and Gas Prices Plunge, Drilling Frenzy Ends
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West Hawk battles EnCana
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'SemGroup, the Movie' is financial thriller
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SemGroup: NYSE threatens delisting
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______________
Fraud:
Madoff worth more than $820 million, document says
(DBN Subscription Required)
Madoff Had Accomplices: His Victims
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Bernard Madoff's winning clients try to block victims
(DBN Subscription Required)
How Madoff Duped His Closest Friends
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Profile on Bernie Madoff: King Con's fall from grace
(DBN Subscription Required)
Alleged Madoff Victim Files Suit in Washington State Against Financier
(DBN Subscription Required)
Madoff To Ask To Leave Jail On Thursday
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Circuit Set to Hear Appeal on Madoff Bail
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Prosecutors target assets of Madoff's wife
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Fury at Madoff over claim he acted alone
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Sea Eagle Leaves St. Croix in Wake of Stanford’s Failed Promise
(DBN Subscription Required)
Lawyerless in Texas? The Latest Twist in the Allen Stanford Case
(DBN Subscription Required)
Stanford shopping for legal team to help him fight feds
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Oppenheimer expands with Stanford advisers
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IRS Seeks to Recover $227 Million in Unpaid Taxes From Stanford
(DBN Subscription Required)
Hate Petters? Not At IHatePetters.com
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SEC Nails Down Backdating, Fraud Cases
(DBN Subscription Required)
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Derivatives:
Berkshire credit costs trade like Turkey's
(DBN Subscription Required)
______________
Autos:
Bankruptcy Lawyer Joins Obama’s Advisory Team on GM, Chrysler
(DBN Subscription Required)
Railroad Bailout May Offer a Model for Detroit
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Time for GM to Declare Bankruptcy ?
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Would bankruptcy benefit GM, Chrysler?
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Bankruptcy for Detroit Automakers Could Be a Good Thing
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GM Has ‘Wind’ Behind Restructuring After Last Week, Young Says
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Government Combs Through GM’s Survival Plan
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Chrysler faces cash crunch even with more aid
(DBN Subscription Required)
Chrysler Says $5 Billion In Low-Interest Loans Will Be Enough
(DBN Subscription Required)
Tax fight imperils Chrysler's survival
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Grant Thornton LLP Predicts a Collapse of Automotive Supply Chain
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American Axle expects 2009 profit
(DBN Subscription Required)
Group takes over Intermet pension plans
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Autoworkers unsure of latest buyout offers
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New Twists in Theft of 81 Vehicles
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Dana, Leaving Idyllic ’Palace,’ Auctions Candelabras, Go-Karts
(DBN Subscription Required)
American Axle the latest auto supplier fighting for survival
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Ssangyong Motor manager warns of liquidation, union says
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EU ministers hold talks with GM executives
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Should Germany Help Bail Out GM?
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______________
Televisions:
Syntax nears the end
(DBN Subscription Required)
______________
Aviation:
Whither American Airlines?
(DBN Subscription Required)
Eclipse owner: Customers to buy assets out of bankruptcy
(DBN Subscription Required)
Frontier Airlines CEO Sean Menke seeks investors
(DBN Subscription Required)
UK air passenger numbers drop for first time in 17 years
(DBN Subscription Required)
______________
Health Care:
Kessler Officially Out of Bankruptcy
(DBN Subscription Required)
Layoffs Could Trigger COBRA Cash Crunch
(DBN Subscription Required)
Coastside Family Medical Center closes
(DBN Subscription Required)
Former Aliquippa hospital as TV location?
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Administration Is Open to Taxing Health Benefits
(DBN Subscription Required)
______________
Mining:
Global Mining M&A Drops 40%
(DBN Subscription Required)
Asset fire sales predicted
(DBN Subscription Required)
Asarco-Sterlite agree, but fight still looms
(DBN Subscription Required)
Asarco deal makes Sterlite darling of investors
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______________
Personal Finance:
Libidos crushed as crisis enters the bedroom
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Hagglers gain the upper hand in a downbeat economy
(DBN Subscription Required)
______________
Layoffs:
Even highly qualified scrambling for work
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So, who is hiring?
(DBN Subscription Required)
Sunoco to cut 750 jobs, 20 percent of work force
(DBN Subscription Required)
Baker Hughes to Cut 1,500 Jobs
(WSJ: separate paid subscription required)
UBS Could Cut up to 5,000 Management Jobs
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Wife to employers: Hire my husband, please
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California teachers see red over mass pink slips
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Why Workers Were Left Out to Dry in Texas
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Layoffs on Sesame Street
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Feeling Stung by a Layoff; Sowing One’s Own Hope
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From Ranks of Jobless, a Flood of Volunteers
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Sacked Factory Workers Hold French Sony Boss Overnight
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Financial Literacy:
Bill would help schools, nonprofits teach financial literacy
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______________
Animals:
Homelessness hitting horses
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Golf:
It’s time for golfers to economize
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Toys:
Auction of KB's antique toy collection may net $1M
(DBN Subscription Required)
______________
Credit Cards:
Banks' future woes in one word: plastic
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Homeowner Rescue Bill Threatens Credit Card ABS
(DBN Subscription Required)
______________
Building Supplies:
Nailite lands DIP
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CDS wins interim use of cash
(DBN Subscription Required)
______________
Jewelry:
Antwerp diamond sellers see sales, prices crash
(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:
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(2)-
(3)-
(4)-
(5)-
(6)-
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(8)-
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(DBN Subscription Required)
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Bankruptcy Reform:
Housing bankruptcy bill stalls in US Senate -aides
(DBN Subscription Required)
Cramdown bill on hold in Senate
(DBN Subscription Required)
Life raft or liability?
(DBN Subscription Required)
Harvey Miller Testimony Before the House re Chapter 11
(DBN Subscription Required)
______________
Tax:
Switzerland Agrees to Aid in Pursuit of Tax Cheats
(DBN Subscription Required)
Steinbrueck Says Swiss Announcement on Bank Secrecy Not Enough
(DBN Subscription Required)
Secrecy Reforms Don't Faze Swiss Banks
(DBN Subscription Required)
Switzerland & Two Little Words: Tax Evasion
(DBN Subscription Required)
Monaco to join tax haven shift - OECD head
(DBN Subscription Required)
Liechtenstein eases bank secrecy rules
(DBN Subscription Required)
Rich Head for the Caymans When Tax Rates Go Up
(DBN Subscription Required)
ACA Asks for IRS Clarification on Cancellation of Indebtedness
(DBN Subscription Required)
______________
Trade Debt:
Lost in bankruptcy : They didn't get paid
(DBN Subscription Required)
______________
Bonuses:
The Barons of Bankruptcy Strike Again
(DBN Subscription Required)
AIG Executives Petition US Courts for Higher Executive Bonuses
(DBN Subscription Required)
The bonuses had to be paid....probably
(DBN Subscription Required)
AIG Faces Growing Wrath Over Payouts
(WSJ: separate paid subscription required)
Key House Democrat: AIG "Trying to Play the American People for Fools"
(DBN Subscription Required)
AIG pleads case to the White House. Read AIG Chairman Liddy letter
(DBN Subscription Required)
AIG Agrees to Restructure Executive Bonuses
(DBN Subscription Required)
Bonus Watch: Citi
(DBN Subscription Required)
Judge Postpones Ruling Over Merrill Lynch Executive Bonuses
(DBN Subscription Required)
______________
Bankruptcy Statistics:
In Connecticut And Elsewhere, More Debtors Choose Personal Bankruptcy
(DBN Subscription Required)
______________
Municipalities:
Bankruptcy judge opens door to Vallejo employee contracts being voided
(DBN Subscription Required)
Bankruptcy ruling sets clock ticking
(DBN Subscription Required)
Jefferson County still has time reach sewer agreement
(DBN Subscription Required)
Cities Once Immune Now Suffering in Recession
(DBN Subscription Required)
Pension Bills to Surge Nationwide
(WSJ: separate paid subscription required)
Pension Check Guarantees Mean More Budget Woes
(DBN Subscription Required)
Texas teacher pension shortfall is billions worse than expected
(DBN Subscription Required)
______________
Agriculture:
Poultry growers are squeezed between company, creditors
(DBN Subscription Required)
Farmers reap loss of trust
(DBN Subscription Required)
Farm View: Farmers grapple with economy
(DBN Subscription Required)
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Ferries:
NY Waterway strapped for cash; preparing to sue US Airways over Flight 1549
(DBN Subscription Required)
______________
Finance:
Mafia loan sharks making a killing
(DBN Subscription Required)
Credit Unions Earn Some Interest
(DBN Subscription Required)
Kravis Losses Show Obama Fails to Close Lending Gap Raising Bankruptcies
(DBN Subscription Required)
______________
Executive Compensation:
CEO Pay Rose as Stock Sank
(WSJ: separate paid subscription required)
______________
RVs:
Fleetwood lays off 170 workers
(DBN Subscription Required)
Plaintiffs File Class Action Against Fleetwood Enterprises
(DBN Subscription Required)
Monaco Coach Files for Bankruptcy and Seeks Order Approving Dealer Incentive Program
(DBN Subscription Required)
______________
Museums:
Sports Museum Files Petition in Court
(DBN Subscription Required)
______________
Ethanol:
Everyone Hates Ethanol
(DBN Subscription Required)
______________
Shipping:
Armada calls Transfield's claims exaggerated
(DBN Subscription Required)
_____________
Trucking:
The challenging world of LTL freight in 2009
(DBN Subscription Required)
______________
Mass Torts:
How Turner & Newall condemned its workers to an agonizing death
(DBN Subscription Required)
Texas Court rules on Asarco asbestos exclusion in insurance policies
(DBN Subscription Required)
______________
Anna Nicole:
Justice Kennedy Turns Down Plea by Anna Nicole Smith's Estate
(DBN Subscription Required)
______________
Radio:
Recession shuts up talk radio
(DBN Subscription Required)
______________
Credit Counseling:
Oregon debt management agencies face scrutiny
(DBN Subscription Required)
______________
Funeral Services:
In recession economy, students look to funeral careers
(DBN Subscription Required)
______________
Sovereigns:
Wall Street Collapse Ripples To Island Countries
(DBN Subscription Required)
______________
Telecoms:
With regulators at its heals, FairPoint wants delay in paying debt
(DBN Subscription Required)
HawTel gets extension to file plans for turnaround
(DBN Subscription Required)
Trustee Seeks to Sell Prosser's VI Holdings to Creditor Bank
(DBN Subscription Required)
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Fashion:
Expert advice on looking dashing in a downturn
(DBN Subscription Required)
______________
Media:
The State of the Media: Not Good
(DBN Subscription Required)
______________
UK:
Baugur: 'We were hit by a hurricane'
(DBN Subscription Required)
Lloyds Shareholders Form Group to Counter Bank’s ‘Mistakes’
(DBN Subscription Required)
Cherie Blair Hired to Sue Royal Bank of Scotland Over Losses
(DBN Subscription Required)
UK Households Lost 1.9 Trillion Pounds of Wealth Since 2007
(DBN Subscription Required)
Bank of England's Bulletin Says U.K. Mortgage Bond Markets May Stay Shut
(DBN Subscription Required)
Thousands in Leeds falling into misery of debt trap
(DBN Subscription Required)
Brown Pledges 'Tougher' U.K. Financial Regulator as G-20 Moves for Revamp
(DBN Subscription Required)
Recession claims one in 56 businesses
(DBN Subscription Required)
Recession spawns new breed of business owner
(DBN Subscription Required)
______________
EU:
European Inflation Near 10-Year Low; Payrolls Shrink by Record
(DBN Subscription Required)
Merkel Spurns Obama's Plea for More Stimulus, Keeping EU's Cashbox Locked
(DBN Subscription Required)
______________
Germany:
German rescue fund head: HRE collapse could be worse than Lehman
(DBN Subscription Required)
Flowers Says German Hypo Seizure Risks Scaring Away Investors
(DBN Subscription Required)
German Qimonda close to liquidation
(DBN Subscription Required)
German Industry Federation Sees Prolonged Crisis
(DBN Subscription Required)
______________
Canada:
Underfunded plans shake pensioners
(DBN Subscription Required)
Anger is growing over the huge disparity between public, private retirement incomes
(DBN Subscription Required)
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Australia:
Managers seek backing for buyouts from failed Babcock
(DBN Subscription Required)
Babcock & Brown files bankruptcy
(DBN Subscription Required)
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France:
Belvedere Will File Recovery Plan After Rejecting Bond Claims
(DBN Subscription Required)
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S. Korea:
South Korea to Exempt Taxes for Companies Paying Debt
(DBN Subscription Required)
______________
Japan:
BOJ mulls capital support steps for banks
(DBN Subscription Required)
Japan Economy to Resume Growing, Capital’s Jessop Says
(DBN Subscription Required)
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Asia:
Can Consumers Spend Asia Out of a Recession?
(DBN Subscription Required)
______________
Netherlands:
Party Time in the Netherlands?
(DBN Subscription Required)
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