Law:

"Location, Location, Location": US Supreme Court Holds The Stamp Tax Exemption Only Applies To Post-Confirmation Asset Transfers
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Milberg Agrees to Pay $75 Million in Settlement Over Kickback Scheme
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Big Penalty Set for Law Firm, but Not a Trial
(NYT: separate free registration required)

Olson blasts Lerach's claims of no legal foul
(DBN Subscription Required)

Vinson & Elkins Agrees to $4.35 Million Settlement in San Diego Pension Flap
(DBN Subscription Required)

Coudert set to win approval
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Clifford Chance Paris hires White & Case insolvency man
(DBN Subscription Required)

Morrison & Foerster Names New Managing Partner for New York Office
(DBN Subscription Required)

Trouble for Trouble! Judge Knocks $10 Mil from Helmsley Dog's Take
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Directory fighting for state's list of lawyers
(DBN Subscription Required)

Budget Cuts Causing "Crisis" in Public Defenders' Offices
(DBN Subscription Required)

Objections Interrupt Morgan Stanley Settlement
(DBN Subscription Required)

Everything we thought we knew about the Justice Roberts court seems wrong
(DBN Subscription Required)

Second Round of Sanctions May Cost Motorola
(DBN Subscription Required)

High Court Will Hear Case Against Ashcroft Over Post-9/11 Detention
(DBN Subscription Required)

Firm Capitalizes on BigLaw's Sluggish Moves Towards Diversity
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Former Justice official may face grand jury probe
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Cost of Raid on Polygamist Camp Tops $14 Million
(DBN Subscription Required)

Top 20 law schools by moot court performance
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SCOTUS Grants Cert. In Case Involving Interpretation of Bell Atlantic Corp. v. Twombly
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Eighth Grader Says Teacher Burned A Cross Into His Flesh
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'Legal Secretary' Stars in New TV Series
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Judges:

Lawrence Lessig and Kozinski's Wife Come to His Defense
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Judge's wife calls Web porn story 'outright lies'
(DBN Subscription Required)

In Defense of Chief Judge Kozinski
(DBN Subscription Required)

East Coast panel to oversee misconduct probe of California Judge Alex Kozinski
(DBN Subscription Required)

Texas Appeals Court Denies Habeas to Death Row Inmate, Despite Judge's Claimed Affair
(DBN Subscription Required)

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Wall Street:

Goldman close to $7bn SIV bail-out
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US Stock-Index Futures Gain
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Lehman Brothers posts $2.8bn loss
(DBN Subscription Required)

Lehman's Fuld comes out swinging
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Lehman CEO Fuld takes responsibility for 2Q loss, credit woes
(DBN Subscription Required)

Lehman Chief Fuld Confident as Firm Slashes Mortgages
(DBN Subscription Required)

Lehman: Sounds of silence
(DBN Subscription Required)

More Wall Street layoffs at Goldman Sachs
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Market 'expects too many Fed rate rises'
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Rising Crude Weighs On Wall Street
(DBN Subscription Required)

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Banking:

Morgan Stanley Chief Credit Strategist Greg Peters, Sees Banks Vulnerable To Bankruptcy
(DBN Subscription Required)

Financial firms from Citigroup to Lehman are trying to convince investors that the worst is over. They couldn't be more wrong
(DBN Subscription Required)

A troubled borrower takes bite out of United American Bank
(DBN Subscription Required)

Housing woes hit community banks
(DBN Subscription Required)

Iran withdraws $75 billion from Europe
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Basel Committee Moves to Tighten Banks' Liquidity Risk Controls
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M&T sues German bank
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Newspapers:

Star-Telegram cuts 130 jobs, parent sheds 1400 jobs
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McClatchy and the last days of newspapers
(DBN Subscription Required)

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Food/Drink:

Creditors OK Wornick's bankruptcy reorganization plan
(DBN Subscription Required)

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M&A:

If times weren't tough enough, buyout shops are finding themselves excluded from auctions
(DBN Subscription Required)

With new deals falling off, private-equity firms are hovering over portfolio-company CFOs like never before
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Merger Volume Plunged 30 Percent
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Politics:

Obama Eyes Credit Card Clampdown
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Obama Expands on Economic Plan
(WSJ: separate paid subscription required)

No News on Lawmaker's Home Woes
(WSJ: separate paid subscription required)

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Gambling:

Credit Squeezes Tropicana in Las Vegas Where Elvis Can't Help
(DBN Subscription Required)

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Distressed Investing:

Blackstone's GSO, Monarch Start Funds to Buy Distressed Debt
(DBN Subscription Required)

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Real Estate:

Home builder sentiment dips to match record low
(DBN Subscription Required)

Mortgage Industry Agrees to Step Up Anti-Foreclosure Efforts
(DBN Subscription Required)

More Help for Homeowners?
(WSJ: separate paid subscription required)

More Loan Forgiveness Sought
(WSJ: separate paid subscription required)

Congress holds foreclosure hearings in Cleveland
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Bush Pushes European Lending Plan
(WSJ: separate paid subscription required)

Economists Estimate Housing Starts Declined
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Southern California housing market still under siege
(DBN Subscription Required)

GMAC's senior long-term rating cut
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LendingTree Loans Faces Two Class Actions
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Poor housing market takes many off the job market
(DBN Subscription Required)

Even the Affluent Face Loss of Homes
(DBN Subscription Required)

Thacher Proffitt Publishes 'Distressed Commercial Real Estate Loans: Practical Wisdom for Identifying, Managing and Moving beyond Default Situations' - Click here for the the publication
(DBN Subscription Required)

NODGrapevine hopes to lift Fifth stay
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Boise Place fate in court's hands
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Cedar Mortgage Fund Called A Ponzi Scheme
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Oregon's housing slump affects thousands
(DBN Subscription Required)

Bonds Beat Brownstones as New York Real Estate Cools
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Bankrupt developer reports assets worth $53 million in filing
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Indy retail developer is charged with theft, fraud
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MN: Major builder files for Chapter 11
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Mortgage crisis freezes civic projects
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Millions missing at title company
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Employers Offer Aid to Avert Foreclosures
(WSJ: separate paid subscription required)

Cities fight foreclosures with unusual tactics - From loans to court battles, they're fighting back
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Economy:

Fed's Lacker Says Risks to US Economy 'Diminished'
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Fed Unlikely to Affirm Rate Increase
(WSJ: separate paid subscription required)

Manufacturing in New York Contracted
(DBN Subscription Required)

Bernanke: Entitlements Will Have Huge Deficit Impact
(DBN Subscription Required)

Booming, China Faults U.S. Policy on the Economy
(NYT: separate free registration required)

Corn Jumps to Record as Floods in Midwest Threaten US Crops
(DBN Subscription Required)

GE stock stumbles to lowest point since 2003
(DBN Subscription Required)

Crude futures turn lower after tapping a record high
(DBN Subscription Required)

Don't count on OPEC
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Crude Oil Drops for a Third Day Amid Economic Slowdown Concern
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Finance:

CIT secures $3bn financing from Goldman
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Give The Frog A Loan
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Bonds:

Global junk bond defaults hit 31-month high
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Restructuring high-yield bonds
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Autos:

Plastech edges closer to liquidation
(DBN Subscription Required)

Rivals hire 75% of ex-car hauler's drivers
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GM, CAW to talk about truck plant closure
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When Gas Stations Run Out
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Telecoms:

Prosser -The empty suit
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Municipalities:

Judging Whether State Employees Can Lose Their Pensions
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Calif. Bankruptcies Tarnish Muni Bonds
(DBN Subscription Required)

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Bankruptcy Litigation:

CA1: false start on law of bankruptcy intervention in professional malpractice cases
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Elder Debt:

Bankruptcy rising among seniors
(DBN Subscription Required)

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Insider Compensation:

Struggling financial firms' CEOs make millions
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Oil CEOs: High Prices, Fat Paychecks
(DBN Subscription Required)

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Movie Industry:

Cecchi Gori-owned theaters closed
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Forest Products:

Palco noteholders seek larger payout
(DBN Subscription Required)

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Hedge Funds:

Shakeout Roils Hedge-Fund World
(WSJ: separate paid subscription required)

Authorities Say Hedge Fund Manager Is On the Run
(NYT: separate free registration required)

Bankers may be charged over funds' collapse
(DBN Subscription Required)

Bear Stearns Subprime Funds May Draw US Charges, People Say
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New Bankruptcy Opinions
(2 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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Aviation:

Aloha's lawsuit against go! up for auction today
(DBN Subscription Required)

Oil prices continue to take toll on Sun Country
(DBN Subscription Required)

Frontier ends fiscal year with largest-ever deficit
(DBN Subscription Required)

Website Gives AMR 1 in 2 Chance of Filing Chapter 11
(DBN Subscription Required)

For mileage programs, the worst is yet to come
(DBN Subscription Required)

Passengers start paying $15 to check first suitcase on American
(DBN Subscription Required)

Continental Reduces Holdback Risk
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Airlines Charging For The Wrong Bags?
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Health Care:

Haven wins change to DIP terms
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Bernanke: US faces tough choices on health costs
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Health costs to rise nearly 10 percent
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Personal Finance:

Too good to be true
(DBN Subscription Required)

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Mining:

Asarco buy: Sterlite may retaliate legally
(DBN Subscription Required)

Judge sets deadline in Asarco bankruptcy
(DBN Subscription Required)

Judge gives Asarco parent hope
(DBN Subscription Required)

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Bankruptcy Statistics:

Steep Increase Recorded In NY Corporate Bankruptcy Filings
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Theme Parks:

Florida developer eyes Wild West
(DBN Subscription Required)

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Mass Torts:

Judge tosses Congoleum plan
(DBN Subscription Required)

Grace's Chapter 11 Exit in Jeopardy
(WSJ: separate paid subscription required)

40,000 Claims Filed for $580 Million Smokers' Trust Fund
(DBN Subscription Required)

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Accounting:

Second Circuit Reinstates Auditor Malpractice Claims
(DBN Subscription Required)

Deloitte close to helping break liquidity deadlock
(DBN Subscription Required)

Restatements, Clawbacks and CFO Career Consequences
(DBN Subscription Required)

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Corporate Reform:

Broadcom Co-Founder Pleads Not Guilty
(NYT: separate free registration required)

Scrushy in Ala. Court for Testimony on HealthSouth
(DBN Subscription Required)

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Environmental:

EarthFirst files for Chapter 11 bankruptcy protection
(DBN Subscription Required)

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Trucking:

No examiner for IdleAire
(DBN Subscription Required)

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Poverty:

Number of Refugees, Displaced People Rises to Record
(DBN Subscription Required)

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UK:

Business failures set to rise by almost 20 per cent
(DBN Subscription Required)

Some rare sense from the Bank of England
(DBN Subscription Required)

UK Inflation at Decade-High, King Sees Acceleration
(DBN Subscription Required)

IVA holders targeted by unscrupulous companies
(DBN Subscription Required)

Personal debt timebomb is waiting to go off in Midlands
(DBN Subscription Required)

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Italy:

Swiss Banks Taste Parmalat Peace
(DBN Subscription Required)

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Canada:

Flaherty Says Canada Has Provided Enough Stimulus
(DBN Subscription Required)

Asapco Foods assets up for sale
(DBN Subscription Required)

BCE Decision Looms in Canada
(DBN Subscription Required)

Preparing for a Canadian High Court Showdown
(NYT: separate free registration required)

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Germany:

German investor sentiment plunges to 15-year low
(DBN Subscription Required)

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Argentina:

Citigroup to Settle Argentina Issue
(WSJ: separate paid subscription required)

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