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Keith Simmons is not a household name. His Ponzi scheme, which was uncovered in 2009, cost his victims more than $35 million, a much smaller figure than, say, the $20 billion fraud perpetrated by Bernie Madoff (which came to light five years ago Wednesday) or R. Allen Stanford’s $7 billion scam.

According to The Wall Street Journal, Centerbridge Partners LP reached a tentative deal to buy LightSquared out of Chapter 11, possibly trumping a bid by Dish Network Corp.

A judge Tuesday allowed LightSquared to move forward with its lawsuit against Dish Network Corp. and Chairman Charlie Ergen over his purchases of LightSquared debt before Dish’s bid for the wireless satellite company’s assets. The Daily Bankruptcy Review article is available via The Wall Street Journal

Creditors of Death Row Records and Marion “Suge” Knight may soon see their first payment in nearly eight years, although one obstacle could come from none other than the rapper Dr. Dre.

Lawyers representing the rapper, whose given name is Andre Young, recently notified a bankruptcy judge that they’d file a $3 million claim on the rapper’s behalf in the bankruptcy cases of the record label and its founder, Mr. Knight. The claim seeks payment for records sold during the bankruptcy case, according to court papers.

Phil Falcone ’s Harbinger Capital Partners is urging a judge to hear a lawsuit against Dish Network Corp.  and Chairman Charlie Ergen over Mr. Ergen’s LightSquared debt purchases, again saying they were illegally made on behalf of Dish. Read it here in Daily Bankruptcy Review.