Law:

Cravath Advises General Motors' Board on Shake-up
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NY Bankruptcy Rainmaker Defects
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40 Under 40 - Shai Waisman
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NY Leader Axes 41 Associates, 58 Staffers and Cuts Summer Program
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Stroock Laying Off 10% of Associates & Staff; Fried Frank Axes 99
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March Madness for Law Firms, Round 3: Legal Employment's Elite Eight
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Layoff Watch: Manatt Keeps the Bad Times Rolling
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Alston & Bird: Deferred Start Dates, Short Summer
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Law Firm Manager Writes Post Columnist About Clueless Associates
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Nose To The Grindstone, Ear To The Ground
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Something to Get Laid Off NY Associates' Competitive Juices Going: The Unemployment Olympics
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Managing Partners’ Prediction for Rest of ‘09: ‘Pain’
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Cyclical Downturn or Paradigm Shift? BigLaw Leaders Aren't Sure
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Have We Turned the Corner? Some Litigation Firms Are Now Hiring
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Company’s ‘Craigslist’ Model Seeks to Keep Outsourced Legal Work On-Shore
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The Bankruptcy Files: BI-LO, Prepacks for Charter, Herbst Gaming
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Wachtell did the BofA/Merrill deal, and now the firm is handling the resulting litigation. This arrangement is common. But is it wise?
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Wachtell, Lipton was supremely confident of its strategy in the Hexion busted-merger litigation with Huntsman. So how did it all go so wrong?
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UK law firms to allow non-lawyer partners
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New Attorney Ethics Standards to Take Effect in New York
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Tough Year at Dewey
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Law Firm Inks $61.6M Lease Renewal in Century City
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Will ‘Clerical Error’ Bite Lenders to Heller Ehrman?
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Should a firm leader be subject to term limits? The post-Heller debate is built around the wrong question.
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Plaintiffs’ Lawyers Agree to Work for Free
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Connecticut’s Second-Oldest Company Fights To Survive
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Spanish Bombs: NY BigLaw Firm Closing US Offices but Opening in Sleepy Madrid Market
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Judge Nixes Bonus to Attorneys' Fees for Lawyers Who Just Did Their Job
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Plaintiffs Bar Pushes Capitol Hill Agenda
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Lawyers are vulnerable to addiction, and particularly hard to treat
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Judges:

Legal Group’s Neutrality Is Challenged
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Texas Judge Asks for Dismissal of Charges in Inmate's Execution
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Judge of the Day: Lawrence "Lothario" DeBello
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Wall Street:

Futures Rise as Traders Seek Recovery Signs
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Wall Street Ready for a Rebound as Quarter Ends
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Bargain-Hunting Lifts Europe's Markets
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European and Asian Markets Post Modest Recovery
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Wall Street falls due to car maker problems
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Cramer calls a bottom (again)
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Turnarounds:

Creditors refuse to carry burden of debt shake-ups
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Credit Cards:

Chase Bank To Refund Illegal credit card Fees Charged To Consumers
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House credit card hearing
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Banking:

BofA may raise some salaries by 70%
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Bank stocks fall after Geithner's comments
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FDIC Starts to Cut Financing Cord for Banks
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Should bank CEOs worry about Wagoner resignation?
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Fortis Posts $37 Billion Loss
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Deutsche Bank Risk Chief Says Crisis ‘Far From Over’
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Barclays says 'No, thanks' to toxic insurance
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Retailing:

Gottschalks Completes Bankruptcy Auction
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General Growth continues talks with bondholders
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General Growth Avoids Chapter 11
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Mall owner hints at bankruptcy
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Fraud:

Allen Stanford: A Libyan Connection?
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Antigua looks at Stanford criminal charges
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US accuses St Vincent bank of Stanford-type fraud
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'Stanford Refugees' Finally Get Money Back
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Madoff's $80K Mets season tickets for sale
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Madoff's accountant: When is an auditor not an auditor?
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Merrill to Pay $40 Million in Refco Case
(WSJ: separate paid subscription required)

Agape Investors Demand $400 Million
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ARS:

Citigroup, Wachovia Settle Auction Rate Probe With California
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UBS Auction-Rate Securities Suits Dismissed by Judge
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Education:

Hard-Pressed Colleges Accept More Applicants Who Can Pay Full Cost
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Harvard Admissions Drop to 7% on Record Applicants
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Celebs:

Vick is banking on return to NFL
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Vick strikes compromise deal with Falcons
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Corporate Reform:

SEC's New Top Cop Faces Challenges
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U.S. Atty in Conn. Withdraws Motions to Remand Convicted Execs
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Shipping:

DryShips Gets Going-Concern Note From Auditors
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Aviation:

Some Elite Customers May Start to Feel Ordinary
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Air Canada CEO quits as airline faces bankruptcy
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Religion:

Catholic church knew threat from pedophile priests in '50s
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Houses of God: Did evangelicals curb the housing bubble?
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Judge confirms Cornerstone plan
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Health Care:

The U.S. government is set to offer an online emotional rescue kit
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Commodities:

Commodities Head for Worst Slump Since 2001 as Demand Shrinks
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Carpet:

Propex emerges from bankruptcy
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Trucking:

Mid-States Bankruptcy Filing May Signal Further Trucking Woes
(WSJ: separate paid subscription required)

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Environmental:

River cleanup slowed by chemical company’s bankruptcy protection
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Bankruptcy Litigation:

AOUSC Report: Adversary Proceedings in Bankruptcy Cases Drop
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Financial Literacy:

No more house of (credit) cards
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Economy:

Home Mortgage Defaults Rise
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Russia, China cooperate on new currency proposals
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Russia backs return to Gold Standard
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GAO urges public to report stimulus law waste
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When Will the Recovery Arrive?
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OECD sees bleak global outlook, soaring job losses
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OECD to Contract 4.3%, Says Central Banks Should Cut Rates
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Big slide in global trade looms over G-20 meeting
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World Bank to create $50 bln trade fund
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Small-Business Owners Show Little Optimism
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Discover Small Business Watch Reports Growing Optimism
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Real Estate:

Sales of second homes fall 22 percent
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Housing Prices in 20 US Cities Probably Dropped in January
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The American Dream Is Up for Rent
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Lennar Offers 3.625% Mortgages. Could Rates Go Lower?
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Commercial RE’s Ballooning Threat
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Former KB Home Chief Pleads Not Guilty
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Charter Bankruptcy Won’t Impact Real Estate
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Lennar 1Q Loss Widens to $155.9M as Revenue Drops
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The fizzled condo boom and a Chicago bank
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Developer's wife seeks $5.2 million exemption from bankruptcy
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Next Wave in Mortgage Crisis: Abandoned Foreclosures
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The Latest Witch Hunt
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Layoffs:

America's Backdoor Layoffs
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KLA-Tencor to cut 10% of workforce
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Laid off workers brawl over lost jobs
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As Layoffs Mount, Severance Packages More Negotiable
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French Workers Hold Bosses at Caterpillar Plant
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Municipalities:

NY Budget Plan Jammed Packed With Higher Taxes; Critics Howling
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Executive Compensation:

Sprint shares fall after company details executive compensation
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GM’s Wagoner May Receive $20.2 Million in Pensions
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Bonuses:

Contracts Now Seen as Being Rewritable
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Democrat asks Fed, BofA about Merrill bonuses
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AIG Wife Fights Back
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Philly news execs got bonuses before bankruptcy
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Rep. Bachus on Bailouts and Bonuses
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Veteran Employment Attorney Defends AIG Bonuses
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Finance:

Angel investing slipped 26% in 2008
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Travel:

Conference Industry Fights Wave of Cancellations
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Oil/Gas:

Crusader Energy files for bankruptcy protection
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Boating:

Yacht Project Caught Up In Bankruptcy No ‘Cakewalk’
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Accounting:

PwC India Struggles to Overcome Satyam Scandal
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US backtrack on mark-to-market is badly timed
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Newspapers:

Newspapers Offer Fresh Face Amid Industry Turmoil
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Tribune Co. Combines Newspaper, TV Ops in Conn.
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Judge to decide Creative Loafing's fate
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Star Tribune labor deal mentions printing fewer days
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Smaller papers, less delivery starts in Detroit
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Horse Racing:

Magna Creditors Ask Judge for Bankruptcy Examiner
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MEC asks judge to look at track's bankruptcy
(DBN Subscription Required

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Bankruptcy Statistics:

Bankruptcy continues to be a problem in Utah
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Theme Parks:

Judge: Hard Rock Park founders retain some rights
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Food/Drink:

Vicorp Restaurants sells assets
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Tumbleweed Restaurants files Chap. 11
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Chains Target Shuttered Restaurants
(WSJ: separate paid subscription required)

In Wine Futures Season, Concerns of a Bust
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Bi-Lo to consider multiple DIP offers
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Insurance:

AIG Woes Could Be Just The Start
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AIG Gets $800 Million Loan From Consumer Lending Unit
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We're Not the Boss of A.I.G.
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AIG bails out Wall Street (again)
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Lincoln Falls on Withdrawal of US Debt Application
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Life Insurers Finds Fates Tied to Stocks
(WSJ: separate paid subscription required)

D&O Insurance: Late Notice?
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RVs:

Deal For Oregon-Based Monaco Coach Is Far From Done
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Sovereigns:

Ireland Loses AAA Rating at S&P on Deficit, Slump
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Ecuador to Unveil Bond Restructuring Plan April 20
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Consultants:

Accenture Indicates Profound and Dramatic Shift At Clients, Shares Swoon
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Debt Collection:

FCC looks at Debt Collection Calls to Ported Numbers
(DBN Subscription Required)

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Chapter 13:

Chapter 13 Plan Must Pay Adequate Protection Payments Prior to Attorney's Fees
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DIP Financing:

DIP financings on record pace for 2009
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Gambling:

Icahn Group Makes Cut-Rate $200M Bid for Tropicana
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Private EquitY:

LBO-Backed Bankruptcy List: 24 Total, No Mega-Busts in Q1
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Politics:

In a Down Time Everywhere Else, K Street Bustles
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Hollywood:

Loan Deal for Spielberg Is Near
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Resorts:

W.Va. Senate oks proposed gambling changes at resort
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