Law:

April, May Particularly Cruel Months for Legal Workers
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Ex-Partner's Suit Against Firm Prompts Talk of One-Man Firing Machines
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Alston Set to Settle Bankruptcy Malpractice Suit
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McDermott Will Picks Up Restructuring Partners From DLA Piper
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Skadden to Quinn Emanuel: Find Your Own Hotel
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Recruiters slam firm's demands for diversity
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Update on Heller Ehrman
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Columnist Raps Lerach's 'Brazen' Article Defending Kickbacks
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Preventing a 'Qualcomm' at Your Law Firm
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Survey Results: Memorial Day Workings
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Abramoff Influenced White House Actions, House Committee Concludes
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Alberto Gonzales Finds Temporary Employment
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Supreme Court Will Again Review $79.5M Punitive Damages Award Against Philip Morris
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What the Summer Associate Needs to Know: Professionalism Is Everything
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The Truth About Justice Scalia and Sarah Jessica Parker
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Trial lawyer tax break heads for Senate vote
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Deposition Ends In Court Reporter's Arrest
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Lawyers Defend Long-Distance Supervision of Overwhelmed Associate
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New iPhone to Invade Big Law?
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'Straighten Up and Fly Right' - When traveling, lawyers should ditch their comfy 'traveling clothes' and their attitude
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A paralegal gets stuck in a bar. The harrowing tale of how he still manages to make it to work on time.
(NYT: separate free registration required)

Lawyer of the Day: Gerald Hamelburg
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Firm's Website Worries Ethics Experts
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Lawyer Appeals 90-Day Sentence for Obscene Courtroom Gesture
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Major Firms Opening in Brazil, 'the New Middle East'
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Firms Banding Together at MyLawyer.com
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Jury to watch hard-core to determine if it's obscene
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Economy:

Federal Reserve and ECB are in no mood to save us from the consequences of our debt
(DBN Subscription Required)

Fed Outlook Remains Intact
(WSJ: separate paid subscription required)

Economic Stimulus Check Seized to Pay Student Loans
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Credit crisis could last another four years, predicts BlackRock's Doll
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Why higher prices are here to stay
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No Confidence
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Why the drop in jobs is worse than it appears
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Danger of US downturn 'has faded'
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U.S. slowdown to be long, but no recession: survey
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World Bank Cuts Global Growth Forecasts
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US hiring seen weaker in third quarter
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Slow pays, no pays on rise in market
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Bush Addresses Troubled Economy
(WSJ: separate paid subscription required)

Ethanol Accounts for Only 3% of Increased Cost of Food
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Crude Oil Drops as IEA Cuts Demand Forecast for a Fifth Month
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Pressure rises to cut oil prices
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Saudis want meeting, say oil prices unjustified
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Personal Bankruptcy:

Bankruptcies not a cure-all
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Bankruptcy Reform:

House hearing suggests Chapter 11 changes needed to protect wages and pensions
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Autos:

GM starts replacing buyouts
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Union workers walk off job at Mich. car hauler's facilities
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Union car haulers walk out in 15 states
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Canada Auto Union Rules Out Strike Over GM Closure
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Soaring costs are squeezing gas station owners too
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Investors Rush to Ford Tender
(WSJ: separate paid subscription required)

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Hedge Funds:

Ahab Answers Distressed Call With New Debt Hedge Fund
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Hedge Funds May Be Forced to Sell Bonds, Debt Assets, ECB Says
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Banking:

Citigroup, Merrill, UBS Face Further Writedowns, Whitney Says
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Washington Mutual Falls on $22 Billion Loss Estimate
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Tax:

IRS targeting execs' prepaid forward contracts
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Credit Cards:

Hi, My Name Is Fred, And I'm Addicted to Credit Cards
(WSJ: separate paid subscription required)

Consumer borrowing rises at slower pace in April
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Discover Is Seeking $6 Billion From Rivals
(NYT: separate free registration required)

Collateral damage as credit card charge-offs, delinquencies mount
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Fraud:

S. Court allows whistleblower claims against subcontractors and other indirect recipients
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Chattanooga: Investors' loss reaches $31 million
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Real Estate:

Pending Home Resales in US Unexpectedly Increased
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Subprime criminal probes yet to catch big fish
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Loan rates unlikely to fall
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Newhall parent in financial tight spot
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LandSource's Ch. 11 has record DIP
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The Pension Fund Land Bust
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CalPERS likely to take hit after LandSource bankruptcy filing
(WSJ: separate paid subscription required)

Where There's Laird, There's a Chapter 11
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FHA chief warns against broad housing intervention
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FHA Faces $4.6 Billion in Losses
(NYT: separate free registration required)

FHA Proposes To Ban Federal Insurance On Seller-Assisted Down Payments
(NYT: separate free registration required)

HUD's Mortgage Policy Fed Sub-Prime Crisis
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Option ARMs: Bad Now, Worse Later
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Commercial project managed by Angler declares bankruptcy
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Judge to consider trustee for Cedar
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Boise Place going nowhere fast
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Builders getting slammed by rising cost of goods, labor
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Mortgages Ltd. to lay out its next steps
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Najafi purchases Trend Homes for $86.5M
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Class Alleges Foreclosure Kickback Scheme
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Aviation:

Biggest airlines raise fares by $20 roundtrip
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Transportation committee chair opposes Delta merger
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Northwest pilots union prepares for merger
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Experts say Continental likely to retreat in face of discount rivals
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Unions work to limit impact of cuts
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Continental pilots demand payback from management
(DBN Subscription Required)

Fewer Planes, but Not Fewer Delays
(NYT: separate free registration required)

Nickel and Diming, but Still Traveling
(NYT: separate free registration required)

Southwest to fly past NWA as No. 5
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How American staved off bankruptcy
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Days of cheap air fares fast disappearing, as are some routes
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Cathay Pacific Plunges Most in Seven Years on Fuel
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Jet Airways, India Carriers Losses May Double on Fuel
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Finance:

Corporate Defaults On Upswing
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CIT Group Rises on $3 Billion Goldman Sachs Financing
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Libor to Be Set by More Banks as BBA Boosts Scrutiny
(DBN Subscription Required)

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Wall Street:

Inflation Warning Pressures Futures
(WSJ: separate paid subscription required)

Stocks Retreat in Europe and Asia; US Index Futures Decline
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Chinese Stocks Plunge 8.1 Percent
(NYT: separate free registration required)

Wall Street Firm Told Only Some About Risk
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Lehman raises $6 bln, expects big 2nd-qtr loss
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Lehman admits it didn't see losses coming
(NYT: separate free registration required)

Bearing Down - Shoes keep falling on Lehman shareholders' heads
(WSJ: separate paid subscription required)

Lehman loses street cred with Fitch
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How Bernanke's Banker Rescue Spells Their Demise
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Stocks Are Steadier, but Analysts Are Cautious
(NYT: separate free registration required)

Blackstone lures away Merrill big to run its finance department
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Retailing:

Goody's files for Chapter 11 bankruptcy
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Goody's files for bankruptcy, will close 103 of its stores
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Colorado co. to buy Dallas' Bag 'n Baggage
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Bonds:

Emerging-Market Bonds Fall as Growing Credit Losses Curb Demand
(DBN Subscription Required)

Ambac, MBIA Finally Have Their 'Peggy Lee Moment'
(DBN Subscription Required)

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Corporate Reform:

SEC May Ban Moody's, S&P From Structured Consulting
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Metabolife's former CEO sentenced to 6 months
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Feds Seize Ex GOP Official's House
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Broadcom founder allegedly shown taking illegal drugs on YouTube
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Criminal Cases Against Mortgage Leaders Unlikely, Despite Subprime Crisis
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ARS:

Money goes in, doesn't come out
(DBN Subscription Required)

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Newspapers:

Philly Papers Default on Debt Payment
(DBN Subscription Required)

Gannett Plans Write-Downs Of as Much as $3 Billion
(WSJ: separate paid subscription required)

Star Tribune's debt selling at less than 60 cents on the dollar
(DBN Subscription Required)

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Hockey:

Balsillie's lawyer plays by his own rules
(DBN Subscription Required)

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Politics:

Obama on Credit Cards and Bankruptcy
(DBN Subscription Required)

Footing the Billary
(DBN Subscription Required)

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New Bankruptcy Opinions
(1 new opinion 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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Claims Trading:

New exchange offers trading of bankruptcy claims
(DBN Subscription Required)

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Municipalities:

What next for Vallejo? Lots of people have suggestions
(DBN Subscription Required)

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Mass Torts:

Long wait is norm for Owens Corning asbestos claimants
(DBN Subscription Required)

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Layoffs:

Franklin Electronic cuts staff 10 percent
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Health Care:

Haven Faces Sale Deadline
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New Suitor Emerges For Haven Nursing Home Chain
(DBN Subscription Required)

Debt hurts your body, too
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Investment group interested in Lubbock Highland Hospital
(DBN Subscription Required)

Ranks of Underinsured Are Rising
(NYT: separate free registration required)

Doctors Say Hospital Is Falling Victim to Its Own Real Estate Value
(NYT: separate free registration required)

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Derivatives:

Fed, Banks Agree Default-Swap Changes to Reduce Risk
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Derivatives Trading Is Scrutinized
(NYT: separate free registration required)

Derivatives industry says tools to manage risk in place
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Utilities:

Another electric provider sinking
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Electricity retailer says it can't make it
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Mining:

Expert: Asarco had assets to pay off debts
(DBN Subscription Required)

One of Mexico's wealthiest to testify in mining case
(DBN Subscription Required)

Contentious hearing on tap for Asarco this week
(DBN Subscription Required)

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Oil/Gas:

Torrent can tap $1.34M on DIP
(DBN Subscription Required)

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Exemptions:

DE bill would protect property from bankruptcy
(DBN Subscription Required)

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Bankruptcy Statistics:

1.4 Million Bankruptcy Claims expected in 2008
(DBN Subscription Required)

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Debt Collection:

Bartmann launches an online university
(DBN Subscription Required)

Debt Collectors Clog Chicago Courts With Sometimes-Dubious Claims
(DBN Subscription Required)

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Cash Management:

$10.7 million Sentinel settlement OKd
(DBN Subscription Required)

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Insider Comp:

Lavish Posthumous Paydays for CEOs
(WSJ: separate paid subscription required)

Heirs get millions in exec death benefits: report
(DBN Subscription Required)

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Stock Brokers:

Treatment Of Customers And Financial Counterparties In Stockbroker Liquidations Under SIPA And The Bankruptcy Code
(DBN Subscription Required)

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Accounting:

EC recommends limited liability for auditors
(DBN Subscription Required)

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UK:

UK Notes Decline By Most in 10 Years as Traders Add Rate Bets
(DBN Subscription Required)

UK Housing Market Stays Close to Weakest Since 1978
(DBN Subscription Required)

Mortgage costs keeps rising
(DBN Subscription Required)

Number of pensioners in poverty rises to 2.5 million
(DBN Subscription Required)

Thousands could fall into negative equity
(DBN Subscription Required)

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EU:

European Banks Face `Dampened' Profits, Writedowns, ECB Says
(DBN Subscription Required)

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India:

Sensex faces inflation worries and catastrophic energy price - a 50% fall possible in next nine months
(DBN Subscription Required)

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Japan:

Japan estimates subprime losses at $8 billion
(DBN Subscription Required)

Lehman Sues Japanese Trader Marubeni
(DBN Subscription Required)

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Spain:

Truckers Protest Soaring Fuel Prices in Spain
(NYT: separate free registration required)

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Canada:

Ontario Judge Approves Plan to Restructure $32 Billion in Debt
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Bankrupt Ont. manufacturer to auction off assets
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Wynyard Saan going out of business
(DBN Subscription Required)

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Germany:

German Wholesale Prices Rise the Fastest in 26 Years
(DBN Subscription Required)

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