Law:

Legal Sector Sees Third Month of Job Losses
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Ruden McClosky Adds To Bankruptcy
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BigLaw Firm Sued by Longtime Vendor
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Study Shows Early Litigation Settlements Save Businesses Money
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Office Romances, Legal Style
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Veep! Veep!: BigLaw Partners Helping to Lead the Search for Running Mates
(DBN Subscription Required)

Proposed amendments to California professional conduct rules draw fire
(DBN Subscription Required)

Seattle Law Firm Sees Promise in Avvo
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Lawyer of the Day: David Ayers
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Wet Blankets: GCs Don't Waiver
(DBN Subscription Required)

A Conversation with Allen Fagin
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'Convergence' Can Benefit Law Firms as Well as Corporate Clients
(DBN Subscription Required)

Perk Watch: More Firms Jump on the 18-Week Parental Leave Wagon
(DBN Subscription Required)

Justices Alito, Roberts Pare Down Stock Holdings
(DBN Subscription Required)

Chief Justice, One of Court's 6 or 7 Millionaires, Sold Stock to Participate in Two Cases
(DBN Subscription Required)

Lawyer Accused of Billing for More than 24 Hours of Work in a Day
(DBN Subscription Required)

Spat Between AG, Federal Judge Heats Up
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Ex-Bookkeeper Is Sentenced for Stealing From Brother's Law Firm
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Houston Law Firm May Have to Repay $1M in Legal Fees OK'd By Judge
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Judges:

Judge Denies Charges of Sex With Teen, Bigotry
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Trial of Judge likely to be intense
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Judge Sued for Courtroom Paddlings
(DBN Subscription Required)

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Wall Street:

Stocks in Europe and Asia Decline; US Index Futures Advance
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How Crude! Oil Jolts Wall Street
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Panic Button Is Pressed
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Financials Hit New Low
(NYT: separate free registration required)

Heads roll as banks scurry for high ground
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Worried About Class Action Damages, Banks Block Private Auction-Rate Sales
(DBN Subscription Required)

More Executives Leave Bear Stearns
(NYT: separate free registration required)

Lehman Loses $2.8 Billion, Plans to Raise $6 Billion
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Lehman Sheds at Least $120 Billion of Assets to End Bear Stigma
(DBN Subscription Required)

Good-bye, corporate dividends
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Corporate Synthetic CDOs at Risk?
(WSJ: separate paid subscription required)

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Aviation:

Experts say Continental likely to retreat in face of discount rivals
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Interim CFO of Mesa Air Quits
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ATA may launch lawsuit
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Northwest, US Air Face Pressure to Match Bigger Cuts
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United Air to Offer Buyouts to 600 Flight Attendants
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Bitter airline rivals unite
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Fuel costs may ground more airlines
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"Many airlines will not survive" oil crisis warns IATA
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Bankruptcy Statistics:

Tennessee has highest bankruptcy rate
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Forest Products:

Mendocino Redwood plan approved for Palco
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Owners of Gap retail win legal battle over redwoods
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Pacific Lumber reorganization decision has broad support
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PALCO decision is a winner
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Retailing:

Goody's On The Verge Of Bankruptcy
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Dawahare's closings a loss for smaller towns
(DBN Subscription Required)

Retail Sales Probably Increased in May
(DBN Subscription Required)

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Bankruptcy Crimes:

Man gets 22 years in bankruptcy scheme
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Central Valley doctor convicted of bankruptcy fraud
(DBN Subscription Required)

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Municipalities:

Vallejo blames bankruptcy on contracts with unions
(DBN Subscription Required)

Big Bad Wolf strategy
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Stop secret pay negotiations
(DBN Subscription Required)

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Small Business:

Rising costs throttling small businesses
(DBN Subscription Required)

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Politics:

Barack Obama on Bankruptcy/Credit Reform
(DBN Subscription Required)

What would McCain, Obama do to help solve the foreclosure crisis?
(DBN Subscription Required)

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Autos:

How GM negotiator rolled down windows
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Gas-guzzling party is over
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Requiem for a heavyweight?
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Auto makers are struggling to cope with $4 gas. What's the worst that could happen? Gas could get cheap again
(WSJ: separate paid subscription required)

Surging steel prices galvanize auto industry
(DBN Subscription Required)

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Personal Finance:

More Americans breaking into nest eggs / Retirement plans see spike in early withdrawals for everyday expenses
(DBN Subscription Required)

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Food/Drink:

Cookie may crumble for Mrs. Fields
(DBN Subscription Required)

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Consumer Bankruptcy:

Confessions of a Consumer Bankruptcy Attorney
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Media:

Auction set for some Innovative assets
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Bankruptcy Research:

Indian Corporate Insolvency Law: Efficiency and Efficacy from a Cross Border Perspective
(DBN Subscription Required)

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Cross-Border:

Pro-Fit seeks foreign main recognition
(DBN Subscription Required)

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Real Estate:

LandSource real estate partnership files for bankruptcy
(DBN Subscription Required)

The Next Real Estate Crisis
(DBN Subscription Required)

Bank of America Is Firm on Countrywide Buyout
(NYT: separate free registration required)

Analysts worry about Countrywide deal
(DBN Subscription Required)

Some Countrywide clients got loans via CEO
(DBN Subscription Required)

NovaStar says near bankruptcy after default
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Lender pushes NovaStar closer to bankruptcy
(DBN Subscription Required)

Oaks Group to tap cash
(DBN Subscription Required)

Legacy Capital marches into Ch. 11 - Reason For Bankruptcy Unclear
(DBN Subscription Required)

Charterhouse awaits decision
(DBN Subscription Required)

Crisis shifts to regional lenders
(DBN Subscription Required)

Subprime Losses May Be Overstated
(WSJ: separate paid subscription required)

Mortgage mess villains
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Banks act to rework mortgages
(DBN Subscription Required)

Progress toward mortgage industry reform is slow in California
(DBN Subscription Required)

Chill creeping into home-equity lines of credit
(DBN Subscription Required)

Home by home, crisis engulfs nation
(DBN Subscription Required)

Housing Bubble Didn't Burst Everywhere in US
(DBN Subscription Required)

Bankruptcy filings show deep debt of coastal investors
(DBN Subscription Required)

Lenders Slash Prices To Dump Foreclosures
(DBN Subscription Required)

Record foreclosures strain social services, even for pets
(DBN Subscription Required)

Bank asks receiver for Regency properties
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Plan would help veterans in mortgage mess
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Feds Rope AIG Into Subprime-Related Probe
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Economy:

How Bad Will It Get?
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Seeing Recession When There's None to Be Found
(DBN Subscription Required)

Jobs Show Recession Is Here
(NYT: separate free registration required)

Looking Ahead: The Week's Major Economic Reports
(NYT: separate free registration required)

US Two-Year Treasuries Fall Before Bernanke Inflation Speech
(DBN Subscription Required)

Americans' net worth falls $1.7 trillion in Q1
(DBN Subscription Required)

Wealth Evaporates as Gas Prices Clobber McMansions, SUV Makers
(DBN Subscription Required)

Oil prices fall but choppy path ahead
(NYT: separate free registration required)

World must work to avert crisis as oil soars
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Asia Governments Step Up Relief Measures as Oil Soars to Record
(DBN Subscription Required)

Oil price to slow world economy
(DBN Subscription Required)

US Retail Gas Rises to Record $3.99 a Gallon, Lundberg Says
(DBN Subscription Required)

Iran warns of $150 oil
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OPEC bailing on the West
(DBN Subscription Required)

Global political leaders appear unwilling or unable to respond with effective new energy strategies anytime soon
(WSJ: separate paid subscription required)

The economy's down, but their business is looking up
(DBN Subscription Required)

Oil Prices Raise Cost of Making a Range of Goods
(NYT: separate free registration required)

Rural U.S. Takes Worst Hit as Gas Tops $4 Average
(NYT: separate free registration required)

Minneapolis limits vehicle idling to 3 minutes
(DBN Subscription Required)

OPEC sees no need to pump more
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Are we staring at a global recession?
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Celebs:

Evander Holyfield facing bankruptcy
(DBN Subscription Required)

Ed McMahon Opens Up About Housing Troubles
(DBN Subscription Required)

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Banking:

The Second Wave of Bank Troubles
(DBN Subscription Required)

Barclays Seeks Cash From Sovereign Wealth Funds
(DBN Subscription Required)

Barclays to Cut 100 Investment Banking Jobs
(DBN Subscription Required)

SEC, not the Fed, should oversee banks, says banking committee big
(DBN Subscription Required)

British Bank Issues $23.5 Billion in Shares
(NYT: separate free registration required)

BofA Announces Dallas Job Cuts
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UBS Falls as Rights Offer Nears End, Report Predicts Loss
(DBN Subscription Required)

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Fraud:

Feds investigating Chattanooga trader for investment scam
(DBN Subscription Required)

Bankruptcy Judge Cook Appoints Trustee To Aid Luis Rivas Creditors
(DBN Subscription Required)

Greenberg Seeks to Delay Deposition in New York Fraud Suit
(DBN Subscription Required)

From a Whistle-Blower to a Target
(NYT: separate free registration required)

Scheme Victims Face Lawsuits
(WSJ: separate paid subscription required)

Scrushy at Home on the Ranch
(DBN Subscription Required)

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Motorcycles:

Stalking-Horse Bidder Purchases American IronHorse Assets
(DBN Subscription Required)

Slow motorcycle sales hurts Big Dog
(DBN Subscription Required)

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Financial Literacy:

Sex ed, yes; financial ed, no
(DBN Subscription Required)

______________

Gambling:

Casino CEO William Yung steps down from Tropicana
(DBN Subscription Required)

Greektown Casino Plans Move Forward After Gaming Board Approval
(DBN Subscription Required)

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Theme Parks:

4 parties in on Wild West World bidding
(DBN Subscription Required)

______________

Bonds:

S&P Takes Ratings Actions on Bond Insurers CIFG, FGIC, SCA
(DBN Subscription Required)

Global Bond Markets Flash Warning
(WSJ: separate paid subscription required)

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Telecoms:

S&P: Brighter view of two distressed telecoms
(DBN Subscription Required)

______________

Derivatives:

Exchange Traded Derivatives Rise 30% to $692 Trillion, BIS Says
(DBN Subscription Required)

Amid CDS fears, insurers load up
(DBN Subscription Required)

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Accounting:

Bearing Point's new CFO bolts after less than a month on the job
(DBN Subscription Required)

Number of companies at risk of downgrade hits record in May
(DBN Subscription Required)

______________

Rating Agencies:

SEC vs. ratings agencies
(DBN Subscription Required)

Subprime Investors Sue Rating Agency
(DBN Subscription Required)

______________

New Bankruptcy Opinions
(No 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)

____________

Student Debt:

Top banks dropping college students
(DBN Subscription Required)

______________

Hockey:

Predators owner files for bankruptcy
(DBN Subscription Required)

NHL turns down money for bankruptcy
(DBN Subscription Required)

Billionaire still can't buy his way in
(DBN Subscription Required)

Preds will survive loss of Boots
(DBN Subscription Required)

______________

Utilities:

Creditors in Gouldsboro-based oil company bankruptcy left waiting
(DBN Subscription Required)

Texas Grid Operator Tweaks Regime That Led to Record High Power Prices
(DBN Subscription Required)

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Health Care:

Unspecified layoffs begin at Highland
(DBN Subscription Required)

Possible buyer emerges in Highland bankruptcy case
(DBN Subscription Required)

Hospital's cuts, changes distress Calif. community
(DBN Subscription Required)

Could you end up like Ed McMahon?
(DBN Subscription Required)

Failure of profit-centered health insurance
(DBN Subscription Required)

______________

Oil/Gas:

Oil Traders Face New Regulation
(DBN Subscription Required)

______________

Alternative Fuels:

Central Illinois Energy sold
(DBN Subscription Required)

______________

Hedge Funds:

Hedge fund managers shy away from signing compliance code
(DBN Subscription Required)

______________

Corporate Governance:

Big Shareholders Rebel at AIG
(WSJ: separate paid subscription required)

Chancery Rules on Breach of Loyalty by General Partner of L.P.
(DBN Subscription Required)

______________

Tax:

UBS to Give Some Names in US Tax Probe
(DBN Subscription Required)

IRS Targets Billionaire's Tax Strategy
(WSJ: separate paid subscription required)

______________

Boating:

Lawyers fish for answers from boat manufacturer
(DBN Subscription Required)

______________

RVs:

RV sales travel off course
(DBN Subscription Required)

______________

Newspapers:

Uncertainty as Tribune Prepares to Retrench
(NYT: separate free registration required)

______________

Finance:

SBA loan numbers take a dive
(DBN Subscription Required)

Debt buybacks controversy rages
(DBN Subscription Required)

Global Bond Sales Fall 26% in 1st Quarter on Turmoil
(DBN Subscription Required)

______________

Pensions:

Pension restructuring cuts deep into steelworkers' pockets
(DBN Subscription Required)

______________

Movies:

Judge seeks changes to Valcom plan
(DBN Subscription Required)

______________

Enron:

Enron's Skilling sprung? It could happen this week
(DBN Subscription Required)

______________

Corporate Reform:

Geithner Calls for More Fed Authority to Prevent Future Crises
(DBN Subscription Required)

Call for unified regulation of global banking
(DBN Subscription Required)

______________

UK:

Traders predict house prices will fall by 50% in four years
(DBN Subscription Required)

Don't be fooled by misleading debt advice, urges OFT
(DBN Subscription Required)

Debt fee 'excludes most needy'
(DBN Subscription Required)

UK Homebuilders Shares Fall, Led by Persimmon
(DBN Subscription Required)

UK Producer Prices Rise at Fastest Pace Since 1986
(DBN Subscription Required)

______________

Italy:

Trustee killed over eviction
(DBN Subscription Required)

______________

Spain:

Sun sets on building frenzy that powered a country's economy
(DBN Subscription Required)

______________

Australia:

Six year 100000-page fraud case is short but not sweet
(DBN Subscription Required)

Australian Tax Office Will Probe Opes Prime, Australian Says
(DBN Subscription Required)

______________

Russia:

Goldman's O'Neill Says Russia Economic Growth to Slow
(DBN Subscription Required)

______________

Japan:

Japan's Bank Lending Growth Quickens for Fifth Month
(DBN Subscription Required)

Japan's Economic Expansion May Be Over, Index Shows
(DBN Subscription Required)

In Shift for Japan, Salarymen Blow the Whistle
(NYT: separate free registration required)

Japan May corporate bankruptcies -1.5 pct yr/yr
(DBN Subscription Required)

______________

EU:

European truckers step up fuel protests
(DBN Subscription Required)

Investors' caution on 'securitize-and-repo' - ECB collateral raises concern
(DBN Subscription Required)

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Bulgaria:

Kremikovtzi bondholders set to take over steel mill
(DBN Subscription Required)

______________

Canada:

Intellectual Property Licences And Insolvency Laws
(DBN Subscription Required)

______________

Middle East:

Euler Hermes starts operating in Qatar, Oman and Kuwait
(DBN Subscription Required)

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