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China's foreign-currency reserves drop $99 bln
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7 cruises for people who hate cruises
7 cruises for people who hate cruises



3 mistakes to avoid in your first 3 years of retirement
3 mistakes to avoid in your first 3 years of retirement

How to retire early and still avoid 10% penalty
Worst money mistakes at any age
Know 4 important retirement account changes

Investors dump stocks, scoop up bonds for 5th straight week
Investors again dump stocks, scoop up bonds
FANG stocks take big bite out of Nasdaq

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
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All the bad things Hillary Clinton
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Clinton to ‘look into’ paid-speech transcripts

National polls show Bernie Sanders nearly even with Hillary Clinton
National polls show Sanders nearly even with Clinton
Why do young voters like Sanders so much?
Is ‘Trump bubble’ bursting in New Hampshire?
Rubio, Cruz gain in N.H., WSJ/NBC poll finds

How even ‘cord cutters’ can watch the Super Bowl
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Super Bowl stock predictor has a streak going

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Twitter said to plan algorithm for timeline

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John Bogle dismisses index-fund 'danger'
John Bogle dismisses index-fund 'danger'

Wanted at Vanguard: A CFO
Wanted at Vanguard: A CFO



How to know if your tax preparer is a crook
How to know if your tax preparer is a crook

Tax software firm warns of data breach

Bad buybacks and nine other money stories you may have missed
Bad buybacks and 9 other must-read stories
Only place left to invest if ‘Oilmageddon’ hits

Four reasons the January jobs report is fishy
Why the Fed is likely to stay put in March

Chicken-little investors, please read jobs report

Barron's: Here comes $20 oil
Here comes oil for just $20 a barrel


Morgan Stanley gives up on higher oil prices

Bank stocks have taken enough punishment, UBS analyst says
Bank stocks have taken enough punishment, analyst says

The best biotech plays once sector stabilizes

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3, Model X in focus

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139.01MDow Volume:
Avg Vol: 128.61M
Unchanged
165
Decliners
4918
Advancers
1419
Price Chg %Chg 1 Day
Range: 1 Day
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  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
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Dow
/quotes/zigman/627449/realtime 16,205 -212 1.29%
Nasdaq
/quotes/zigman/12633936/realtime 4,363 -146 3.25%
S&P 500
/quotes/zigman/3870025/realtime 1,880 -35 1.85%
GlobalDow
/quotes/zigman/629063/realtime 2,139 -24 1.12%
Gold
/quotes/zigman/33772884/delayed 1,174 +17 1.43%
Oil
/quotes/zigman/2260836/delayed 31.00 -0.72 2.27%
FTSE 100
/quotes/zigman/3173262/delayed 5,848 -51 0.86%
DAX
/quotes/zigman/2380246/delayed 9,286 -107 1.14%
CAC 40
/quotes/zigman/3173214/delayed 4,201 -28 0.66%
FTSE MIB
/quotes/zigman/1482176/delayed 17,250 -376 2.13%
IBEX 35
/quotes/zigman/2759620/delayed 8,500 +31 0.37%
Stoxx 600
/quotes/zigman/2380150/delayed 326 -3 0.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,510 +7 0.29%
Nikkei 225
/quotes/zigman/5986735/delayed 16,820 -225 1.32%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,617 +279 1.14%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.47%
Yen
/quotes/zigman/16008150/realtime/sampled 116.87 +0.09 0.08%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.60%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 -0.01 1.83%
DXY Index
/quotes/zigman/1652083/delayed 96.96 +0.41 0.42%
WSJ $ Idx
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U.S. 10yr
/quotes/zigman/15866666/realtime 1.83 0.00 0.00%
German 10y
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Italy 10yr
/quotes/zigman/15866497/realtime 1.56 +0.05 3.14%
Spain 10yr
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U.K. 10yr
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Japan 10yr
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You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
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Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
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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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    • 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
need to know
North Korea fires long-range rocket
At least 15 dead in Taiwan earthquake
GoPro rallies on Microsoft licensing deal
When is China stock market closed for holiday?
What time is the Super Bowl?

China’s forex reserves poised for another record drop
China's foreign-currency reserves drop $99 bln
Will China soon burn through its reserves?

7 cruises for people who hate cruises
7 cruises for people who hate cruises



3 mistakes to avoid in your first 3 years of retirement
3 mistakes to avoid in your first 3 years of retirement

How to retire early and still avoid 10% penalty
Worst money mistakes at any age
Know 4 important retirement account changes

Investors dump stocks, scoop up bonds for 5th straight week
Investors again dump stocks, scoop up bonds
FANG stocks take big bite out of Nasdaq

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

All the bad things Hillary Clinton
has done

Clinton to ‘look into’ paid-speech transcripts

National polls show Bernie Sanders nearly even with Hillary Clinton
National polls show Sanders nearly even with Clinton
Why do young voters like Sanders so much?
Is ‘Trump bubble’ bursting in New Hampshire?
Rubio, Cruz gain in N.H., WSJ/NBC poll finds

How even ‘cord cutters’ can watch the Super Bowl
Real-time win probability for the Super Bowl
Better odds here than Super Bowl Predictor
Super Bowl stock predictor has a streak going

Not watching the Super Bowl? Do this instead
Not watching the Super Bowl? Do this instead
It’s pretty hard to get a mortgage in 8 minutes
Super Bowl 50: Domestic-violence PSA
Here’s the PayPal ad running on Super Bowl

Taste the whiskey that Peyton Manning won’t try
10 Super Bowl beers that aren’t Bud Light

Twitter said to plan algorithm for timeline

Twitter suspends 125,000 terrorist accounts

John Bogle dismisses index-fund 'danger'
John Bogle dismisses index-fund 'danger'

Wanted at Vanguard: A CFO
Wanted at Vanguard: A CFO



How to know if your tax preparer is a crook
How to know if your tax preparer is a crook

Tax software firm warns of data breach

Bad buybacks and nine other money stories you may have missed
Bad buybacks and 9 other must-read stories
Only place left to invest if ‘Oilmageddon’ hits

Four reasons the January jobs report is fishy
Why the Fed is likely to stay put in March

Chicken-little investors, please read jobs report

Barron's: Here comes $20 oil
Here comes oil for just $20 a barrel


Morgan Stanley gives up on higher oil prices

Bank stocks have taken enough punishment, UBS analyst says
Bank stocks have taken enough punishment, analyst says

The best biotech plays once sector stabilizes

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3, Model X in focus

/conga/frontpage.html 367265

Markets »

139.01MDow Volume:
Avg Vol: 128.61M
Unchanged
165
Decliners
4918
Advancers
1419
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 16,205 -212 1.29%
Nasdaq
/quotes/zigman/12633936/realtime 4,363 -146 3.25%
S&P 500
/quotes/zigman/3870025/realtime 1,880 -35 1.85%
GlobalDow
/quotes/zigman/629063/realtime 2,139 -24 1.12%
Gold
/quotes/zigman/33772884/delayed 1,174 +17 1.43%
Oil
/quotes/zigman/2260836/delayed 31.00 -0.72 2.27%
FTSE 100
/quotes/zigman/3173262/delayed 5,848 -51 0.86%
DAX
/quotes/zigman/2380246/delayed 9,286 -107 1.14%
CAC 40
/quotes/zigman/3173214/delayed 4,201 -28 0.66%
FTSE MIB
/quotes/zigman/1482176/delayed 17,250 -376 2.13%
IBEX 35
/quotes/zigman/2759620/delayed 8,500 +31 0.37%
Stoxx 600
/quotes/zigman/2380150/delayed 326 -3 0.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,510 +7 0.29%
Nikkei 225
/quotes/zigman/5986735/delayed 16,820 -225 1.32%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,617 +279 1.14%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.47%
Yen
/quotes/zigman/16008150/realtime/sampled 116.87 +0.09 0.08%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.60%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 -0.01 1.83%
DXY Index
/quotes/zigman/1652083/delayed 96.96 +0.41 0.42%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.81 +0.50 0.56%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.83 0.00 0.00%
German 10y
/quotes/zigman/15866409/realtime 0.30 -0.01 2.16%
Italy 10yr
/quotes/zigman/15866497/realtime 1.56 +0.05 3.14%
Spain 10yr
/quotes/zigman/15866444/realtime 1.65 +0.03 1.72%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.56 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.03 -0.03 51.16%
Crude Oil
/quotes/zigman/2260836/delayed 31 -1 2.27%
Gold
/quotes/zigman/33772884/delayed 1,174 +17 1.43%
Corn
/quotes/zigman/25518691/delayed 366 -3 0.81%
DJIA F
/quotes/zigman/48241424/delayed 16,118 -210 1.29%
S&P F
/quotes/zigman/43106711/delayed 1,874 -34 1.78%
Silver
/quotes/zigman/32655632/delayed 15 +0 1.21%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 104.07 -6.42 -5.81%
AAPL /quotes/zigman/68270/composite 94.02 -2.58 -2.67%
GOOG /quotes/zigman/59527964/composite 683.57 -24.44 -3.45%
BAC /quotes/zigman/190927/composite 12.95 -0.30 -2.26%
C /quotes/zigman/5065548/composite 39.86 -0.93 -2.28%
F /quotes/zigman/264304/composite 11.45 -0.08 -0.69%
T /quotes/zigman/398198/composite 36.88 0.35 0.96%
BP /quotes/zigman/247026/composite 30.46 -0.15 -0.49%
GE /quotes/zigman/227468/composite 28.54 -0.64 -2.19%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
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 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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