The Daily Docket: AMR Can Control Case Until December

A judge on Thursday gave AMR Corp. until late December to control its own bankruptcy case, as the American Airlines parent begins to seriously consider a merger and continues to negotiate deals with its main unions Read the Daily Bankruptcy Review article here.

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According to The Wall Street Journal, the chief executives of American Airlines parent AMR Corp. and US Airways Group Inc. met to discuss a potential merger and issues surrounding it.

Peregrine Financial Group Inc. founder Russell Wasendorf Sr. and his companies invested in many different ventures, including silver coins with SpongeBob Squarepants, WSJ reports.

According to Law Blog, the U.S. trustee in Dewey & LeBoeuf LLP’s bankruptcy case is opposing the law firm’s bonus plan.

A proposed settlement with Dewey partners is on hold, the Am Law Daily reports.

The Huffington Post looks at former TARP special inspector general Neil Barofsky’s new book, “Bailout:  An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”

According to WSJ, the government is speeding its sales of assets acquired in the bailout four years ago.

President Barack Obama’s administration wants Congress to make it easier for people to discharge some student debt in bankruptcy, WSJ reports.

The Ottawa Citizen looks at why bankruptcy talks have been put off in the Nortel Networks bankruptcy.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @WSJBankruptcy.