Law:

Young Lawyer Testifies He Got $3 Million Bonus, New Car for Role in Fen-Phen Flap
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BigLaw Firm Loses Appeal on Sanctions
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Imposing Sanctions on Attorney, 9th Circuit's Kozinski Cites Kozinski
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Akerman Senterfitt Nearing a Merger Deal With Wolf Block
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The Summer Associate Experience
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Double-Digit Growth for Leading U.K. Firms
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Motley Rice paycheck up for debate
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Pellicano Guilty in Wiretapping Case
(NYT: separate free registration required)

Wiretap victims grateful
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Another Katrina Law Firm Axed Due to Scruggs Fallout
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UK firm to axe 40 jobs
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Norton Rose freezes new associate salaries
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No raise for Norton Rose NQs but 25 climb scale
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Lovells revenues up 13 per cent
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Eversheds turnover and PEP up 10 per cent
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Major Canadian Law Firm Grows in NYC
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Jumping off the law firm track
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California Supreme Court Legalizes Gay Marriage
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Calif. Ruling on Gay Marriage Sparks Joy, Outrage
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Openly Gay Covington Partner Reflects on California Ruling
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Pro Bono Win for Heller Ehrman: California Supreme Court Overturns Gay Marriage Ban
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Fear and Loathing in Evidence Preservation
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Lawyers Fight Back Over Pension Probe
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Another Old-Line Firm Joins One-Name Bandwagon
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Ohio AG staffers picking up pieces
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This Law Student Wants To Strip For You
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Professor Laurence Tribe at NYU Commencement: 'Thank mom and dad for doing it.'
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Judges:

"In the Red"
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Judge regrets telling offender to kill himself
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Banking:

Raise more cash, Bernanke tells banks
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Bernanke: Banks must get better at foreseeing risk
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To Pare Losses, French Bank Plans to Sell Assets
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A Gamble That Went Bust
(WSJ: separate paid subscription required)

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Bankruptcy Statistics:

Small-Business Bankruptcies On the Rise
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M&A:

Blackstone Has $66.5 Million Loss as LBO Fees Drop
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The Big Thaw?
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Lender Liability:

Lawyer: Citigroup Bankers Help Facilitate Parmalat Looting
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Forest Products:

Pope & Talbot's bitter end
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Judge hears closing arguments in PALCO bankruptcy
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Palco case rests on judge's scale
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Health Care:

Haven Healthcare Becomes Lightning Rod In Congress
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Municipalities:

Vallejo rejects union bankruptcy offer
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Vallejo's united front: Bankruptcy is last option
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Vallejo School Officials Say District Not in Financial Trouble
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Jefferson OKs Forbearance Extension
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Muni-bond meltdown: Could California be setting a trend?
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Modesto's choice: Cut now or go bankrupt later
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Oil/Gas:

Superior wants quick sale
(DBN Subscription Required)

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Trucking:

IdleAire investors may be out of luck
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IdleAire wins DIP, cash
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Trustees:

Hanover may retain trustee
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Distressed Investing:

Oaktree closes $10.6B distressed fund
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Corporate Reform:

Settling for Less? A Study in Backdating
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Real Estate:

Dodd Says He's 'Close' to Compromise on Housing Plan
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Senators hammering out mortgage deal
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Congress Faults Bush on Housing Bill
(WSJ: separate paid subscription required)

Bailout Infuriates Tenants?
(WSJ: separate paid subscription required)

Homebuilder Confidence Index in US Unexpectedly Fell in May
(DBN Subscription Required)

So-called piggyback loans have been highly vulnerable to homeowners who walk away when property values fall
(NYT: separate free registration required)

Subprime Legal: Countrywide Shareholder Suit Dodges Dismissal
(DBN Subscription Required)

Vulture Mentality of Piling On Fees
(DBN Subscription Required)

Judge orders reputed Gotti associate to return $4 million to USA Capital
(DBN Subscription Required)

Kimball to tap tax refund
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MGIC may need 2 years to recover from subprime meltdown
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TGA, lender in collateral standoff
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Frightening Freddie Facts?
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Fannie Mae scraps higher downpayment
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Increase In Foreclosures=Increase In Crime?
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Economy:

More manufacturing weakness, Fed report says
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Oil climbs to record above $127 a barrel
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What if gas cost $10 a gallon?
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Goldman Raises Second-Half WTI Oil Forecast to $141
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Taxpayers Get Wrong Stimulus Checks
(The Deal: separate paid registration required)

Industrial Output Fell Sharply in April, Led by Auto Production Cuts
(NYT: separate free registration required)

US initial jobless claims rise to 371000, up 6000
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The Dumbest Wall Street Journal Story Ever
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Today Ben Is Upbeat
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Betting on a rate hike
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UN slashes world growth forecast for this year
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The next subprime debacle?
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Wall Street:

For Wall Street Workers, Ax Falls Quietly
(NYT: separate free registration required)

US Stock-Index Futures Gain
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Stocks Rise in Europe, Asia
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Will consumer credit deal next blow to securities trading?
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BlackRock's purchase of subprime portfolio shows a return to risks
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Credit Suisse's Dougan Says Markets Are 'Overly Optimistic'
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Tourism:

Tourism in FL up despite weak economy
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Video Rentals:

Dar Capital gets Movie Gallery unit
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Aviation:

Airlines Sweat Whether to Merge
(WSJ: separate paid subscription required)

Frontier proposes wage cuts up to 10 percent
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Union says Frontier Airlines wants to protect executives
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Union's stance is fool's gold
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Frontier wins court OK to end Republic contract
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Mesa Air shareholders approve new debt plan
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American Inspections: Gee, We Skipped Those Planes
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Continental Juggles Other Airlines
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Southwest expects to land partner
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How Allegiant Makes Money
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US Airways CEO Parker Pulls It All Together
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Airlines see landing slots as assets
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British Airways Doubles Profit, Predicts `Difficult' Quarter
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Food/Drink:

Roadhouse Grill gets court OK to liquidate
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Theme Parks:

$479000 goes to Wild West creditors
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Bankruptcy Research:

Information, Credit Risk, Lending Specialization, and Loan Pricing: Evidence from the DIP Financing Market
(DBN Subscription Required)

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HVAC:

Fedders sets indoor air unit sale
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Accounting:

Let the Games Continue
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Some Spring to Fair Value's Defense
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Accountant Blames Benadryl-Induced Blackout for Jobsite Rampage
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Avoidance Actions:

Do Wire Transfers Really Protect Shareholders in Private LBOs?
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New Bankruptcy Opinions
(1 new opinion 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)
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Autos:

Chrysler, CAW Have Reached `Agreement in Principle,' Union Says
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Chrysler Beating Cash, Operating Goals, Nardelli Says
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Excello unsecureds seeks reversal
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Excello may be sign of future for auto parts makers
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GM cuts 1,400 more jobs
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GM: Live Green or Die
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Three Rivers, fearing loss of largest employer, fights to keep American Axle plant
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GM, UAW reach deal in Delta site strike
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Newspapers:

Strib to cut newsroom budget 10 percent
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Star Tribune eyes $2.5 million slash to newsroom budget
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Pennsylvania company says it won auction for VI newspaper
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Credit Cards:

Retailers assail card fees
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Beware the Latest Credit Card Scam
(DBN Subscription Required)

CapOne's Charge-Offs Rise 46%, Delinquencies, 37% in April
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Credit Card Users and Suckers
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Retailing:

3 department stores report drops in profits
(DBN Subscription Required)

Big Retailers Trim Costs, and Their Profits Rise
(NYT: separate free registration required)

RedEnvelope wins DIP
(DBN Subscription Required)

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Bonds:

Bond Sales, Muni Bankers Are Set to Dive Off Cliff
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Turnarounds:

Government Contracts May Put Struggling Companies on Road to Recovery
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Tailoring a Turnaround Pitch to Hedge Funds
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Insider Compensation:

CEO Compensation and Corporate Governance
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Art:

Art market faces jittery times
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Politics:

What the Presidential Candidates Plan for DOJ
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Fraud:

Live From Hackensack: Parmalat-Citigroup Trial
(DBN Subscription Required)

Junior Johnson guilty - Ex-billionaire convicted in federal fraud case
(DBN Subscription Required)

PurchasePro CEO guilty, faces prison
(DBN Subscription Required)

Amherst investment firm linked to fraud
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How Private Companies Can Prevent Fraud
(DBN Subscription Required)

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Mass Torts:

Appeals court upholds pretrial ruling in Libby asbestos case
(DBN Subscription Required)

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UK:

Companies seeking bankruptcy falls on last year
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Fewer people facing bankruptcy
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London Job Seekers Outnumber Banking Positions
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Housing starts slump by almost a quarter
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Germany:

German Growth Spurt Just A Spurt
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Canada:

An ABCP legal conundrum
(DBN Subscription Required)

Trusts restructuring considered
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EU:

Enforcing Civil Judgments In The EU
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Trichet Says No Room to Relax in Inflation Fight
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Japan:

Japan's GDP Grows More-Than-Estimated
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Resona Bank's Full-Year Net Income Falls 55%
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India:

India's Inflation Unexpectedly Accelerates on Food
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Hong Kong:

Hong Kong's Economic Growth Unexpectedly Accelerates
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