International

PricewaterhouseCoopers LLP is asking a federal judge to trim back the Federal Deposit Insurance Corp.’s $1 billion lawsuit that alleges the accounting firm failed to catch the massive fraud that brought down Colonial Bank, in one of the largest bank collapses in U.S. history. Read the Daily Bankruptcy Review article here.

LightSquared lost $55.5 million in September, bringing the wireless satellite company’s losses since filing for bankruptcy to more than $934 million. Read the Daily Bankruptcy Review article here.

Wilbur Ross, whose Talmer Bancorp has agreed to invest $97 million to take over Capitol Bancorp’s stakes in its fo

A bankruptcy trustee for failed solar panel manufacturer Energy Conversion Devices is suing three Chinese companies for $950 million over allegations of price fixing and the dumping of cheap solar panels that drove the U.S. company out of business. Read the DBR Small Cap article via The Wall Street Journal.

A Connecticut bankruptcy judge has ordered Sean Dunne, once one of Ireland’s biggest property developers, to open his books to a U.S. bankruptcy trustee saying he can’t hide behind Irish family law to avoid answering questions about his finances.

Judge Alan H.W. Shiff of the U.S. Bankruptcy Court in Bridgeport, Conn., in a ruling Thursday, said Mr. Dunne must turn over his financial records to Richard Coan, the bankruptcy trustee overseeing the developer’s Chapter 7 case, and to testify under oath to his Irish creditors.