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Apple will let iPhone and iPad users block ads
J.C. Penney upgraded by Deutsche Bank
Wal-Mart cuts worker hours at some stores
5 silly new words in the Oxford dictionary
Unlucky lottery winner gets IOU from Illinois

Personal beliefs don’t belong in retirement accounts

Wes Craven’s 5 highest grossing films

Ode to that legendary New York steakhouse the Palm

When you absolutely, positively need a cocktail

Teacher with 111 tardies puts blame on breakfast

Automat concept is back — with a lot more quinoa

If Donald Trump can do it, why not Kanye West?

Scott Walker's backers seek a reboot of his campaign
Scott Walker’s backers seek reboot of campaign
Scott Walker wants a wall — with Canada

Dissatisfied voters are fueling Sanders and Trump
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Ruling in ‘Deflategate’ expected by end of this week
Greedy owners are NFL preseason winners

Disney to unveil ‘Star Wars’ toys in unboxing event
Walt Disney leads Dow's losers for August

How teen clothing retailers compete today

Sunday is Warren Buffett's 85th birthday
Happy 85th birthday to the $67 billion man


Why BlackBerry is a more attractive buyout target than Twitter
BlackBerry is a better buyout target than Twitter
Twitter's stock jumps after analyst upgrade

Our kids aren’t doomed to be poorer than we are

Now is the time to fix your investment portfolio
Now is the time to fix your investment portfolio
Both worry, be happy stocks aren’t a sure bet

Facebook users flood Mark Zuckerberg with thank you’s
Facebook users flood Mark Zuckerberg with thanks

‘War Room’ is a ‘resounding success’ at box office

By this measure, stocks have weathered the worst
By this measure, stocks have weathered the worst

Cheeseburgers and happiness always on the menu for Warren Buffett — and Jimmy Buffett, too
Farrell: Recipes for happiness, from Buffett and others

/conga/frontpage.html 353752

Markets »

141.44MDow Volume:
Avg Vol: 112.32M
Unchanged
217
Decliners
3378
Advancers
3004
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,528 -115 0.69%
Nasdaq
/quotes/zigman/12633936/realtime 4,777 -52 1.07%
S&P 500
/quotes/zigman/3870025/realtime 1,972 -17 0.84%
GlobalDow
/quotes/zigman/629063/realtime 2,355 -18 0.76%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Oil
/quotes/zigman/2331095/delayed 48.12 +2.90 6.41%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,259 -39 0.38%
CAC 40
/quotes/zigman/3173214/delayed 4,653 -22 0.47%
FTSE MIB
/quotes/zigman/1482176/delayed 21,942 -52 0.24%
IBEX 35
/quotes/zigman/2759620/delayed 10,259 -94 0.91%
Stoxx 600
/quotes/zigman/2380150/delayed 363 0 0.13%
Asia Dow
/quotes/zigman/6959860/realtime 2,784 -14 0.49%
Nikkei 225
/quotes/zigman/5986735/delayed 18,890 -246 1.28%
Hang Seng
/quotes/zigman/2622475/delayed 21,671 +58 0.27%
Shanghai
/quotes/zigman/1859015/delayed 3,206 -26 0.82%
Sensex
/quotes/zigman/1652085/delayed 26,283 -109 0.41%
Singapore
/quotes/zigman/1709939/delayed 2,921 -35 1.17%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.01%
Yen
/quotes/zigman/16008150/realtime/sampled 121.25 +0.02 0.02%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 +0.00 0.01%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.01%
DXY Index
/quotes/zigman/1652083/delayed 95.96 -0.02 0.02%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.44 +0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.22 +0.03 1.59%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.01 1.33%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 +0.01 0.45%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 0.00 0.19%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 0.00 0.55%
Crude Oil
/quotes/zigman/2331095/delayed 48 +3 6.41%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Corn
/quotes/zigman/7599553/delayed 375 +0 0.07%
DJIA F
/quotes/zigman/38649152/delayed 16,480 -179 1.07%
S&P F
/quotes/zigman/30356461/delayed 1,966 -24 1.22%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.32%

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Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.43 -1.58 -1.74%
AAPL /quotes/zigman/68270/composite 112.76 -0.53 -0.47%
GOOG /quotes/zigman/30194416/composite 618.25 -12.13 -1.92%
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F /quotes/zigman/264304/composite 13.87 0.13 0.95%
T /quotes/zigman/398198/composite 33.20 -0.09 -0.27%
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Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
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Airline 15.10% 15.10% 15.15%
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When Your Law Firm Goes Bust

Law firms do go bust. And whether it’s a big international practice like New York-based Dewey & LeBoeuf or a small local firm, experts say clients need to act swiftly to protect their interests.

Dewey & LeBoeuf LLP filed for Chapter 11 bankruptcy protection in Manhattan Monday, making it one of the largest law-firm failures in U.S. history. The firm owes some $315 million to over 5,000 creditors, including secured lenders, landlords, vendors and employees, according to court papers. Dewey & LeBoeuf did not respond to requests for comment

The news follows several other recent high-profile collapses, including Heller Ehrman LLP in 2008, which filed for bankruptcy protection in 2008, and Coudert Brothers LLP in 2006. And although Dewey’s clients are mainly corporate, the procedures to follow after a bankruptcy hold true at smaller firms, says Esther DuVal, managing director at business management and accounting provider CBIZ MHM in New York. “Whether it’s a big corporate practice like Dewey & LeBoeuf or a small five-man firm in your local town, the client’s response to any bankruptcy should be the same,” she says.

In such instances, clients should request their files immediately and sign the releases to have their cases transferred to a new firm if the existing company is no longer in operation, experts say. It’s in the client’s interests to act as soon as the company files for bankruptcy as the firm will be inundated with requests from clients and creditors, experts say. Whether a client has 12 months to complete depositions or has a court date that’s just around the corner, they will all want to have their questions answered first, says Barry Covert, a lawyer based in Buffalo, New York. Dewey & LeBoeuf said in a statement Monday it would ask about 90 employees to remain on staff to assist in the wind-down of the firm, but Covert says smaller firms may not always have the resources to deal with the deluge of requests from clients. (Dewey & LeBoeuf did not respond to requests for comment.) “The bankruptcy of a law firm is similar to a run on a bank,” he says. “The firm will be swamped by frightened clients wanting to know what’s happening to their case.”

Unspent retainers belong to clients not the company, lawyers say, but they may have to get in line behind secured creditors if the company’s assets are frozen. “Law firms have an ethical obligation to separate retainers from other money owed to creditors,” Covert says. For instance, if the client paid a $50,000 retainer and has been billed for just $10,000 worth of service, the law firm is required to return $40,000 under American Bar Association’s rules. But it may not always be worthwhile pursuing a retainer through the courts, says New York-based lawyer Daniel Gershburg. “What’s it going to cost to have your legal claim recognized?” he says. “Do you want to get involved in a massive amount of litigation to get your money back?”

That said, clients can take preemptive actions if they suspect their law firm is in trouble, lawyers say. This is imperative for those whose court date is pending, Covert says. “It’s tough to predict if your firm is going bust,” Gershburg says, “but not impossible.”Among the warning signs: a glut of high-profile clients leaving within a small period of time or a series of big-name lawyers being poached by rival firms, he says. By the end of May, around two-thirds of Dewey & LeBoeuf’s 320 partners had left.

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    • By WebOsPublisher

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    • It looks like plaintiffs looking for their payout may have to think long and hard on how bad they really want the money. Bankruptcy slows everything down and rearranges the order of who gets paid first. However if plaintiffs feel like they are entitled to payment and will wait out the process, they should pursue the case.

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    • The more the merrier. May they all go bust. The world would be so much better without all these liberals around.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets After Hours

need to know
Apple will let iPhone and iPad users block ads
J.C. Penney upgraded by Deutsche Bank
Wal-Mart cuts worker hours at some stores
5 silly new words in the Oxford dictionary
Unlucky lottery winner gets IOU from Illinois

Personal beliefs don’t belong in retirement accounts

Wes Craven’s 5 highest grossing films

Ode to that legendary New York steakhouse the Palm

When you absolutely, positively need a cocktail

Teacher with 111 tardies puts blame on breakfast

Automat concept is back — with a lot more quinoa

If Donald Trump can do it, why not Kanye West?

Scott Walker's backers seek a reboot of his campaign
Scott Walker’s backers seek reboot of campaign
Scott Walker wants a wall — with Canada

Dissatisfied voters are fueling Sanders and Trump
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Ruling in ‘Deflategate’ expected by end of this week
Greedy owners are NFL preseason winners

Disney to unveil ‘Star Wars’ toys in unboxing event
Walt Disney leads Dow's losers for August

How teen clothing retailers compete today

Sunday is Warren Buffett's 85th birthday
Happy 85th birthday to the $67 billion man


Why BlackBerry is a more attractive buyout target than Twitter
BlackBerry is a better buyout target than Twitter
Twitter's stock jumps after analyst upgrade

Our kids aren’t doomed to be poorer than we are

Now is the time to fix your investment portfolio
Now is the time to fix your investment portfolio
Both worry, be happy stocks aren’t a sure bet

Facebook users flood Mark Zuckerberg with thank you’s
Facebook users flood Mark Zuckerberg with thanks

‘War Room’ is a ‘resounding success’ at box office

By this measure, stocks have weathered the worst
By this measure, stocks have weathered the worst

Cheeseburgers and happiness always on the menu for Warren Buffett — and Jimmy Buffett, too
Farrell: Recipes for happiness, from Buffett and others

/conga/frontpage.html 353752

Markets »

141.44MDow Volume:
Avg Vol: 112.32M
Unchanged
217
Decliners
3378
Advancers
3004
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,528 -115 0.69%
Nasdaq
/quotes/zigman/12633936/realtime 4,777 -52 1.07%
S&P 500
/quotes/zigman/3870025/realtime 1,972 -17 0.84%
GlobalDow
/quotes/zigman/629063/realtime 2,355 -18 0.76%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Oil
/quotes/zigman/2331095/delayed 48.12 +2.90 6.41%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,259 -39 0.38%
CAC 40
/quotes/zigman/3173214/delayed 4,653 -22 0.47%
FTSE MIB
/quotes/zigman/1482176/delayed 21,942 -52 0.24%
IBEX 35
/quotes/zigman/2759620/delayed 10,259 -94 0.91%
Stoxx 600
/quotes/zigman/2380150/delayed 363 0 0.13%
Asia Dow
/quotes/zigman/6959860/realtime 2,784 -14 0.49%
Nikkei 225
/quotes/zigman/5986735/delayed 18,890 -246 1.28%
Hang Seng
/quotes/zigman/2622475/delayed 21,671 +58 0.27%
Shanghai
/quotes/zigman/1859015/delayed 3,206 -26 0.82%
Sensex
/quotes/zigman/1652085/delayed 26,283 -109 0.41%
Singapore
/quotes/zigman/1709939/delayed 2,921 -35 1.17%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.01%
Yen
/quotes/zigman/16008150/realtime/sampled 121.25 +0.02 0.02%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 +0.00 0.01%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.01%
DXY Index
/quotes/zigman/1652083/delayed 95.98 0.00 0.00%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.44 +0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.22 +0.03 1.59%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.01 1.33%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 +0.01 0.45%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 0.00 0.19%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 0.00 0.55%
Crude Oil
/quotes/zigman/2331095/delayed 48 +3 6.41%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Corn
/quotes/zigman/7599553/delayed 375 +0 0.07%
DJIA F
/quotes/zigman/38649152/delayed 16,480 -179 1.07%
S&P F
/quotes/zigman/30356461/delayed 1,965 -25 1.23%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.32%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.43 -1.58 -1.74%
AAPL /quotes/zigman/68270/composite 112.76 -0.53 -0.47%
GOOG /quotes/zigman/30194416/composite 618.25 -12.13 -1.92%
BAC /quotes/zigman/190927/composite 16.34 -0.02 -0.12%
C /quotes/zigman/5065548/composite 53.48 0.20 0.38%
F /quotes/zigman/264304/composite 13.87 0.13 0.95%
T /quotes/zigman/398198/composite 33.20 -0.09 -0.27%
BP /quotes/zigman/247026/composite 33.54 0.28 0.84%
GE /quotes/zigman/227468/composite 24.82 -0.34 -1.35%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Trending Tickers
  • /quotes/zigman/413712/composite USO+6.79%
  • /quotes/zigman/8669138/composite DWTI-22.31%
  • /quotes/zigman/55989606/composite ACI+13.40%
  • /quotes/zigman/19622165/composite BBRY+2.99%
  • /quotes/zigman/88601/composite WYNN-4.03%
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