Hedge Funds

The U.S. Department of Energy and the Internal Revenue Service are demanding information on potential tax breaks that could allegedly be worth “hundreds of millions of dollars” to the private equity firms behind failed solar power equipment maker Solyndra LLC. Read the Daily Bankruptcy Review article here.

Barclays is standing tall in the world of debtor-in-possession financing this year.

A bankruptcy judge Monday officially signed off on Tribune Co .’s Chapter 11 plan, endorsing final documents setting out the debt-for-equity swap that will make the media company property of hedge funds and banks. Read the Daily Bankruptcy Review article here.

Peregrine Financial Group Inc. filed for Chapter 7 bankruptcy late Tuesday, a day after regulators alleged the brokerage misstated more than $200 million in customer accounts. Read the Daily Bankruptcy Review article here.

The city of Stockton, Calif., filed for Chapter 9 protection, The Wall Street Journal reports.

MF Global is proving to be catnip for distressed-debt buyers, according to a new report showing that more than $246 million of the failed brokerage’s debt changed hands last month. Read the Daily Bankruptcy Review article here.