* Court kills Chrysler conspiracy theories. The big takaways: “If you’re a debt holder, you need to offer solutions of your own – otherwise a company can sell its assets free and clear to a white-knight buyer. And if you’re part of a group of secured lenders, the lead agent holds sway on whether to cut deals with whomever it chooses.”
* The Blackstone Group will report Q2 earnings shortly, and I’ll be live-blogging a 9:30am media call here. Hope you join in with questions and comments. I’d bet they plan to keep close tabs on Hyatt Hotels’ IPO quest.
* Morning Call: U.S. futures point higher, London rises early, European shares rise on financials, the Nikkei climbs on autos and Hong Kong splits with Shanghai.
* Mary Shapiro wants the SEC to self-fund.
* The AIG bailout has been a fee bonanza for Wall Street lawyers, accountants and the rest.
* Changing of the guard at MIT’s Entrepreneurship Center. Morse out, Auelet in.
* CalSTRS discloses its 10-year investment plan (.pdf). The private equity info is on pages 29-32.
* Rich Jaroslovsky: Don’t blame Carol Bartz. Blame Jerry Yang.
* Transcript of a roundtable discussion between three PE secondaries players.
* VC-backed bust: Goodnight Nanochip.
* UK Treasury goes to war against vulture funds.
* Wall Street meets Madison Avenue: