Law:

Can Kirkland take Weil Gotshal's bankruptcy crown? The battle is on
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For bankruptcy lawyers, hard times are good business
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5th Circuit Throws Out Malpractice Summary Judgment Win for Duane Morris
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Thelen Responds to Malpractice Allegations
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DLA, Linklaters, Lovells see retention dive
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Cadwalader partners next to face the ax
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Cadwalader: a victim of its own strategy
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Don't Be Fooled -- Associates Love Their Jobs
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The way law firms normally recruit, mentor, and train associates is flawed
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Prosecutors Recommend One Year of Probation for Milberg Kickback Defendant
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MegaFirm Axes Five - So Far - in Latest Layoffs
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Lateral Motion: Firm Snags 247 - and Counting - From Rivals Since January 2007
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Phila.'s law firms weather a storm
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Alston & Bird is co-counsel on IndyMac's California liquidation
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Prominent U.S. Lawyers Testify in Moscow Trial
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After Taking Two Recent Shots From Judges, NY Firm Posts a Win
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Lawyer Calls Former Paralegal's 'Sexual Predator' Claims 'Ridiculous and Not True'
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E-Discovery Faces a Language Barrier
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Texas Defies Bush, International Law; ICJ's Credibility in Jeopardy
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Judges:

High Court Review Sought on Judicial Recusals
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Another Circuit Court Kicks Judge Real Off Case
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Appeals Court Chides 'Judicial Coercion'
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Questionable Remarks Get Judge Booted From Case
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Possible movement in grand jury examining Judge Kent
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Aviation:

No More Free Water on US Air
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Frontier flier bolts over travel insurance - Airline adds $10.95 fee unless people opt out
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Ten Percent Drop in Ridership at Oakland Airport
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Union objects to Frontier deal
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If You Think Things Look Bad on the Ground, It's Even Worse in the Sky
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Jack not out of woods, but Frontier loan points way
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European airlines facing bankruptcy
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Gloomy Days Ahead For Russian Airlines
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Lufthansa Pilots May Strike Over Contract
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Autos:

US Vehicle Sales Fall 13.2% Amid High Gas Prices and Tight Credit
(NYT: separate free registration required)

Investors unfazed by $15.5-billion loss at General Motors
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General Motors: "No Panic" About Bankruptcy, But There Should Be
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GM Can Participate in Delphi Suit
(WSJ: separate paid subscription required)

Is General Motors Fixable?
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Chrysler says cash flow is positive
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Finance Unit of Chrysler Fails to Renew Some Funding
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GM: A shocking number, but not a death knell
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No easy, cheap fix for GM woes
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Europe's Sports Car Makers Feel Endangered
(NYT: separate free registration required)

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Software:

Sun's profit plunges 73%
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Retailing:

Ad Cutbacks Backfired for Bankruptcy Victims
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Retailers play the top card
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Mervyns fan base remains strong
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Mervyns woes may aid rivals, off-price chains
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Boscov's CEO mum on possible bankruptcy
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Did expansion lead to Boscov's woes?
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Moody's cuts Office Depot to non-investment grade of 'Ba1'
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Retail downturn provides insight into future M&A targets
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Oil/Gas:

SemGroup woes have ripple effect
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Business for SemGroup subunit goes on after bankruptcy of parent
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SemGroup's Unit Tries to Block Its Deal
(WSJ: separate paid subscription required)

Judge delays decision in SemGroup case
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SemGroup, oil drop linked?
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SemGroup shock wave
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'But I wouldn't bet against him'
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Bank put SemGroup money in offshore account
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SemGroup possible drag on IBC Bank
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In SemGroup Collapse, A Silver Lining for 2 Hedge Funds
(NYT: separate free registration required)

Bankruptcy puts many in bind
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Health Care:

Century City Doctors Hospital seeks buyer
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West Penn Allegheny's financial troubles worries workers
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Northstar considers offer to buy troubled Highland hospital
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Pair settle fraud lawsuit at SeraCare
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Bankruptcy judge calls distribution of worthless checks reckless
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Layoffs at Palm Drive Hospital
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Immunicon Assets Sold To Veridex
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Derivatives:

ResCap Under Duress in Derivatives
(WSJ: separate paid subscription required)

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Committees:

Upcoming NJ Organizational Meetings
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Upcoming DE Organizational Meetings
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Real Estate:

Housing Lenders Fear Bigger Wave of Loan Defaults
(NYT: separate free registration required)

Tax credit for home buyers works like an interest-free loan
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Distressed Real Estate Nears 20 Percent of Nationwide Sales
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Mortgage bailout sounds like socialism
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Fannie Follows Freddie's Lead on Workouts, Sort of
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Bankrupt Lake Las Vegas project still alive
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Bankrupt lender devising plan to aid towers
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Bankrupt home developer owes $131,000,000
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Altieri Homes cuts staff, plans for new projects as debts mount
(DBN Subscription Required)

Foreclosure may be just around the corner for some North Texans
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Foreclosure frenzy takes shape
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After Bubble, Ghost Towns Across U.S.
(WSJ: separate paid subscription required)

Extreme Makeover Home May Be Rescued from Foreclosure
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Mortgage Insurers See Applications Fall in June
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Economy:

Fed likely to hold rates steady amid crosscurrents
(NYT: separate free registration required)

Pressure grows for action on US economy
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Rolling Recessions Bring Paralysis to Bernanke, King, Trichet
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Looking Ahead: The Week's Major Economic Reports
(NYT: separate free registration required)

US Consumer Spending Probably Slowed in June
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More Arrows Seen Pointing to a Recession
(NYT: separate free registration required)

Rich begin feeling the pain in down economy
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Dollar Trades Near 1-Month High Before Federal Reserve Meeting
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Three Strikes Against Consumers - Everything seemed to go wrong at the same time
(NYT: separate free registration required)

Unemployment is soaring for young people
(NYT: separate free registration required)

Strong Productivity Defies Trend And Gives Fed Room to Maneuver
(WSJ: separate paid subscription required)

Shipping Costs Start to Crimp Globalization
(NYT: separate free registration required)

China Wins Financial Olympics as Losses Hit US
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Banking:

Florida bank is 8th failure this year
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FDIC warns four banks over liquidity
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An Acid-Tongued Maverick Keeps Bankers on the Edge of Their Seats
(NYT: separate free registration required)

BNP Paribas Dodges Bullet a Year After Freezing Funds
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HSBC Profit Declines 29% as Bad Loans Rise in US
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Citigroup Said to Close Remaining Tribeca Global Fund
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Fortis Profit Halves In Turbulent Second Quarter
(NYT: separate free registration required)

Deutsche Bank Adjusted EPS Estimate Is Reduced at Merrill
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Corporate Reform:

Citigroup to be charged by Cuomo, faces SEC probe
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UBS General Counsel, Merrill, Implicated in Auction Rate Securities Party
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UBS fraud case is 'frankly, terrifying'
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Politics:

Oh, No. Not Joe Biden
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Obama, McCain Advisers Agree on Worsening Economy, Not Solution
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Bankruptcy Statistics:

Downturn has led to surge in bankruptcies
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SD bankruptcy filings up over 2007
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Fraud:

Desperate debtors are ripe targets
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Municipalities:

A majority of the Jefferson County Commission has embraced a sewer bond bailout plan with almost no chance of success
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Jefferson County leaders to discuss sewer debt crisis at public forum
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The man with the plan for Jefferson County debt is Bill Slaughter
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New Jeffco sewer plan could get cold shoulder at meeting
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Time extended for Jefferson County sewer debt resolution
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More JEFFCO Bonds Get Junk Status
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On-again, off-again oil deal sends Hermosa Beach to court
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Counties face financial ruin
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Experts See Albany Ills as Problem, Not Crisis
(NYT: separate free registration required)

California dreamin' is your nightmare
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Religion:

Diocese facing new trials
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Alternative Fuels:

Shake-Out in Ethanol
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Pigeons:

Ministry says pigeon scheme warning not its job
(DBN Subscription Required)

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Insider Compensation:

Companies Tap Pension Plans To Fund Executive Benefits
(WSJ: separate paid subscription required)

Big companies divulging more info about comp consultants
(DBN Subscription Required)

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Resorts:

Tamarack's $670 million cure
(DBN Subscription Required)

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Finance:

America's monomaniacal focus on finance is hurting us in the diverse global economy
(NYT: separate free registration required)

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Accounting:

FASB to consider curb on mixed-attribute accounting on financial statements
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Corporate Governance:

D&O Insurance: The "Insured v. Insured" Exclusion
(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:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
(DBN Subscription Required)

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Economy:

Jobless Rate Climbs to 5.7% as 51000 Jobs Are Lost in July
(NYT: separate free registration required)

Employers in US Cutting Jobs, Hours, Signaling Slower Growth
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Deflating Global Markets like a Riddle Wrapped in Mystery
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Credit Cards:

Who's in your wallet?
(DBN Subscription Required)

Citigroup Loses on Credit-Card Securitizations as Payments Lag
(DBN Subscription Required)

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Wall Street:

Stocks in Europe and Asia Decline; U.S. Index Futures Retreat
(DBN Subscription Required)

Lehman said to be shopping $30 billion in distressed assets
(DBN Subscription Required)

New York Feels the Pinch From Wall Street Downturn
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Bottom-Fishing Among Financials
(DBN Subscription Required)

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Trucking:

Big firms, independent truckers throttle down over fuel costs
(DBN Subscription Required)

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Gambling:

Twin River gets new extension from creditors
(DBN Subscription Required)

The Chips Are Down in Vegas, but Steve Wynn Is Betting Big
(NYT: separate free registration required)

Casino bankruptcies making gaming sector a real gamble
(DBN Subscription Required)

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Video Rentals:

Movie Gallery's founder resigns from board
(DBN Subscription Required)

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Bonds:

US junk bond default rate rises to 2.25 pct in July
(DBN Subscription Required)

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Newspapers:

Star Tribune Teamsters vote no to contract concessions
(DBN Subscription Required)

Grim News for a Paper in Jersey
(NYT: separate free registration required)

Newspapers Could Be Bargains, but Few Are Buying
(NYT: separate free registration required)

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Printing:

Vertis plans merger, files bankruptcy
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Hedge Funds:

Hedge Funds May Have Fallen in July Most Since 2002
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Fresh flows into Asia hedge funds fall
(DBN Subscription Required)

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Environmental:

Delfasco Forge files for bankruptcy
(DBN Subscription Required)

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UK:

Lawyer: no to US-style bankruptcy regime
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Insolvency stats: The firms' reaction
(DBN Subscription Required)

Addleshaws hires restructuring partner
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Scots go insolvent in record numbers
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Insolvencies at 'all-time high'
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Northern Ireland property market dropping rapidly
(DBN Subscription Required)

Brits Have Higher Levels Of Unsecured Debt
(DBN Subscription Required)

Property prices may fall 30% by 2011
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Pru loses High Court swaps battle
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Select few flourish as assets dry up
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EU:

ECB poised to revise sanguine view on growth
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Canada:

Cuomo Takes Action Against Citigroup, as ABCP Buyers Wait in Vain
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Serbia:

Bankruptcy Mafia decision dangerous precedent
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Korea:

Builders Face Bankruptcy En Masse
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Spain:

Spain's economy 'worse' than predicted
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Bulgaria:

Hotels and developers in Bulgaria facing tough times
(DBN Subscription Required)

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New Zealand:

Bridgecorp founder heading for bankruptcy
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Poland:

Possible shipyards' bankruptcy threatens 800 companies
(DBN Subscription Required)

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Russia:

Kremlin plays the murder card in Yukos affair end game
(DBN Subscription Required)

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Japan:

Lehman Analyst Walter Altherr Stops Aiful Coverage
(DBN Subscription Required)

Japan May Be Forced to Declare a Technical Recession
(DBN Subscription Required)

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Germany:

Germans to Cut Jobs This Winter as Economy Cools
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Germans May Have Hidden EU3 Billion in LLB, Sueddeutsche Says
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Australia:

Lend Lease Profit Slumps 47% on UK Writedowns; Shares Plunge
(DBN Subscription Required)

Australia House Prices Fall for First Time Since 2005
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