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Vintner Richard Sanford may have found the ingredient that will keep the wine flowing at his Alma Rosa Winery & Vineyards: EnCap Investments LP’s Robert Zorich.

Mr. Zorich has offered to purchase the Santa Ynez Valley, Calif., property for $1.7 million in a deal that would allow Mr. Sanford and his wife, Thekla, to continue living and producing wine there as employees. The sale would be tested during an auction next month.

Neither Mr. Sanford nor Mr. Zorich responded to request for comment.

Patriot Coal Corp. Thursday said it has reached preliminary deals to secure $576 million in bankruptcy-exit financing. Read the Daily Bankruptcy Review article here.

Former mortgage executive Lee Farkas is asking a judge to toss his conviction for orchestrating a multi

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.

A U.S. judge Thursday cleared the way for Paul Singer’s hedge fund Elliott Management and King Street Capital Management LP to buy a multibillion-dollar bankruptcy claim owed to a Lehman Brothers U.K. subsidiary at a discount. Read the Daily Bankruptcy Review article via MoneyBeat.