Law:

Clifford Chance Lays Off Six Structured Finance Associates
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Associate Loyalty at All-Time Low
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Shearman ups associate bonuses
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Bonus Watch: Sullivan & Cromwell Matches (and More)
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Bonus Watch: Quinn Emanuel Mixes It Up
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Bonus Watch: McKee Nelson Announces
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Hunton & Williams adds Rich Norton to New York Bankruptcy and Financial Restructuring Practice
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Plaintiffs Lawyers in 'Blood Feud' Over Fees From $2 Billion Settlement
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BigLaw Relaxing Bank Suit Standards?
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Mayer Brown departures a sign of conflict on clients
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Police Attack Thousands of Lawyers at Protest
(NYT: separate free registration required)

Holland & Hart Makes Good On World Series Bet
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May Day, May Day! Readying for DePaul's Spring Symposium on Lawyers, Law Firms & the Legal Profession
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Ronald L. Rose Named Best Lawyer
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Sheryl Toby Named Best Lawyer
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Share-the-Spoils Model Better Than "Eat What You Kill"
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Oops: Top Lateral Lured from Rival is Retiring
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In-house is in
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Five strategies for breaking away from the pack
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Fired BigLaw Partner Continues Quest to Vanquish BAR/BRI
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DOJ Lawyer's Alleged Beach Gig
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Lawyer of the Day: Miami's Rick Diaz
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Wal-Mart Refuses Law Firm Fee Hikes, Cites High Associate Salaries
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Wal-Mart's Moratorium on Hike in Billable Hour Rates
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Top Firm Marketers Get Publicity
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Federal judge's reassignment will have costly effect
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Lovells sees 10 per cent revenue rise at half year stage
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Succession Planning Is Over-Rated
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SCOTUS Denies Cert in Three Civil Procedure Cases
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Say What?!
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Female Employee Uses "Barenaked Ladies" to Harass Male Supervisor
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Publishing:

Newspaper Circulation Falls 3%
(NYT: separate free registration required)

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Art:

Salander-O'Reilly Galleries Owner Files Bankruptcy
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Today's Installment of the Salander Saga
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Salander Case May Change the Art Market
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Real Estate:

Dubious fees hit borrowers in foreclosure
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Fed's Kroszner Says Subprime Crisis Will Get Worse Before It Gets Better
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Housing to hurt US economy for much of 2008
(DBN Subscription Required)

Subprime market a "$1-trillion problem"
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Mortgage reform bill picks up key backing
(DBN Subscription Required)

Banks Fear Bids to Aid Mortgage Borrowers
(WSJ: separate paid subscription required)

Lending bills have a shot now
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New Bankruptcy Law Ups Real Estate Woes
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New York attorney general Cuomo says new housing-related lawsuits coming soon
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Bank seeks OK to finish homes by Neumann
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Creditors play tough on OPFM mortgages
(DBN Subscription Required)

Quality Home Loan trustee appointed
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Beazer cuts jobs, dividend, sees charges
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New Century says 'flood' of lawsuits could result if bankruptcy protection is lifted
(DBN Subscription Required)

Mortgage lender IndyMac swung to a net loss as the company took $575 million in pretax credit-related charges and bad loans continued to surge
(WSJ: separate paid subscription required)

New problems for Hovnanian in fourth quarter earnings
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Movie Gallery Resolves Landlord Fight
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Home buyers trapped in builder's financial meltdown
(DBN Subscription Required)

From ripple to tsunami
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Next Shoe to Drop in Subprime Mess
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Double-digit California home price drop seen
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Loan sharks circling? - Some deals offered consumers resemble subprime packages
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Banking:

Rubin to Draw on Crisis Management Experience at Citi
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Two down, how many others to go?
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Citigroup problems grow
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In Citi Shake-Up, Broader Troubles
(WSJ: separate paid subscription required)

Citigroup names Stuckey to run subprime portfolio
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Citigroup piles on the pain as $33bn is wiped of valuation
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Ex-Citi CEO could get $31 million on leaving
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Former Citi CEO's exit pay a not so princely sum
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Citi losses could be tip of the iceberg
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Citigroup crisis chronology
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Weill doesn't want to run Citigroup, will help
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Shake-Up, then Break-Up?
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CIBC Sells US Banking Businesses to Reduce Risk
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Subprime mergers add to writedowns
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The dangers of banking on risk
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Banks Decline
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Autos:

Ford execs praise UAW contract
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Ford contract faces hard road
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UAW leaders to meet on new labor contract with Ford
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UAW Chief: Ford CEO Mulally Involved In Talks
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Delphi Asks to Delay Ch 11 Hearing
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Delphi's New Revamp Plan Hits Bumps
(WSJ: separate paid subscription required)

Dura Seeks to Muzzle Investors
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As Union Mulls Contract, Ford Is Wary on Car Sales
(NYT: separate free registration required)

Investment banks are planning to launch an offering of up to $10 billion in loans for Chrysler's automotive business, in a sign of the gradual recovery of the corporate loan market
(WSJ: separate paid subscription required)

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Economy:

Recession Apprehension
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"Yesterday's excesses" now haunting Paulson, who helped create them
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Services Growth Unexpectedly Quickens
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Fed must be ready to take back cuts
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The Wile E. Coyote Economy
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Aviation:

Mesa terminates CFO Murnane
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Kitty Hawk to start selling unused assets
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Accounting:

Comverse will delay financial restatements
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Personal Finance:

Debtor son needs to learn hard lesson
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Derivatives:

Unusual price swings in credit derivatives
(DBN Subscription Required)

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Finance:

Unprecedented tightening in lending standards: Fed
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Exemptions:

State Law Exemptions Don't Halt IRS
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Pensions:

Pension group to recoup overpayments to retired steelworkers
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Corporate Reform:

Metabolife Founder Pleads Guilty
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Credit Counseling:

Credit Counseling: You Can Do It Without Leaving Home!
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Debt Collection:

How Much Do You Want for that Discharged Debt?
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State-Contracted Collector Not Exempt from Federal Suit
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Bankruptcy Statistics:

Consumer Bankruptcy Filings Reach 2-Year High
(DBN Subscription Required)

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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
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Horse Racing:

NYRA warns race tracks could be closed in dispute
(DBN Subscription Required)

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Oil/Gas:

Biodiesel Goes Bankrupt
(DBN Subscription Required)

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Bankruptcy Crimes:

California Sheriff Pleads Not Guilty
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Celebrity:

Michael Jackson defaults on $25m loan
(DBN Subscription Required)

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Insurance:

Insurer was noticed too late for products liability policy to benefit plaintiff that prevailed against bankrupt manufacturer
(DBN Subscription Required)

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Health Care:

Pharmed: Liabilities total $72M
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Hospital jobs in critical condition
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Food/Drink:

Brewery trustee exposes transfer
(DBN Subscription Required)

IRS: LeNature's owes millions, trustee disagrees
(DBN Subscription Required)

IBC files reorg plan, heads off Yucaipa-Bimbo bid
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Student Debt:

Peddling economic serfdom to our kids
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Are Subprime Educators Encouraging Predatory Lending?
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In Support of Student Loan Auctions
(DBN Subscription Required)

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Bankruptcy Crimes:

OC Sheriff, Wife, Alleged Mistress to Be Arraigned
(DBN Subscription Required)

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Wall Street:

Stocks Pull Back Amid Credit Worries
(DBN Subscription Required)

Merrill offers CEO job to BlackRock's Fink
(DBN Subscription Required)

Wall Street Culture Leaves Thin Pool for Top Jobs
(WSJ: separate paid subscription required)

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Layoffs:

Bayer to cut 1500 jobs
(DBN Subscription Required)

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Hedge Funds:

Paygo budget rules push IRS to look for revenue from hedge funds and their high-net-worth earners
(DBN Subscription Required)

Hedge fund trade group calls for more due diligence, better valuation, but doesn't offer 'recipe' for asset-backed securities
(DBN Subscription Required)

Principals of hedge fund ordered to pay back money obtained by fraud
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Shaky credit markets have hedge fund industry headed for a shakeout
(DBN Subscription Required)

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Manufacturing:

Rockford Products asks bankruptcy court to OK manufacturing unit sale
(DBN Subscription Required)

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UK:

Corporate insolvencies rise signals economic woe
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Rene Rivkin court case was held in secret
(DBN Subscription Required)

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Canada:

Federal Gypsum secures financing
(DBN Subscription Required)

Students deserve a better student loan system
(DBN Subscription Required)

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Latin America:

Latin America to Face U.S. Housing Impact
(DBN Subscription Required)

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Japan:

Nova fall just simple math: it bled red
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Teaching English for Food
(DBN Subscription Required)

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Israel:

Heftsiba prompts new legislation
(DBN Subscription Required)

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Ireland:

Consumer mood darkens again in October
(DBN Subscription Required)

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