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The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy Review story in The Wall Street Journal.

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy Review.

The Chicago Bears are up against a tough foe, but not on the gridiron. Try bankruptcy court.

Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review story here.

Bryman Colleges, a California for-profit education chain with four campuses, and sister school BioHealth College permanently shut their doors Friday evening, leaving nearly 300 students in the lurch.

Students received notice over the weekend that their school wouldn’t be reopening on Monday morning and all of the school’s employees found out Friday they were being laid off, according to reports from students and employees.