WSJcomBankruptcyBeat

The Federal Deposit Insurance Corp . is continuing its courtroom battle with creditors of a number of the former holding-company parents of failed banks over the ownership of billions of dollars in tax refunds and other assets left behind in the wake of the financial crisis. Read the Daily Bankruptcy Review story here.

A U.S. House panel on Friday looked into whether the Federal Communications Commission followed its own rules when it gave Phil Falcone’s LightSquared approval for a wireless network in early 2011, a decision that has since been put on hold over global-positioning systems concerns Read the Daily Bankruptcy Review article here.

In the four years since Lehman Brothers Holdings Inc.’s failure, the investment bank has driven more than $90 billion in bankruptcy-claims trading. Read the story here in Daily Bankruptcy Review here.

Critics who see the restructuring world as unholy are left without an attack on the industry’s latest effort to raise money for the poor.

A handful of Roman Catholic professionals in the corporate restructuring industry have rallied their colleagues for a new charity called Catholic Renewal.

The Florida jeweler that kept Ponzi-scheme operator Scott Ro