The Daily Docket: Bankruptcy Claims Trading Slows

Distressed investors last month bought up the smallest amount of debt from ongoing bankruptcies in more than a year, new data show. Read the Daily Bankruptcy Review article here.

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MF Global Holdings Ltd. approved more than $8 million in compensation for former Chief Executive Jon S. Corzine in the year before the firm’s collapse and a shortfall in customer funds estimated at $1.6 billion. Read the DBR article via The Wall Street Journal.

According to WSJ, a judge tossed Eastman Kodak Co.’s lawsuit against Apple Inc. and Research in Motion Ltd. that alleged iPhones and BlackBerrys infringed on Kodak’s patent for previewing images on a digital camera.

There are now fewer than 30 partners left at the struggling Dewey & LeBoeuf LLP after co-vice chair Ralph Ferrera led a team of four to Proskauer Rose LLP, the Am Law Daily (reg. req.) reports.

Dow Jones Newswires reports that Swedish regional air carrier Skyways Express AB and its subsidiary said it’s going to file for bankruptcy.

The owners of Manhattan’s Alex Hotel and Flatotel are filing for bankruptcy, Bloomberg reports.

According to Reuters, Newt Gingrich’s companies have gone from being a prosperous empire to getting mired in debt.

A record number of California school districts are facing bankruptcy protection, the Los Angeles Times reports.

Commodity Futures Trading Commission Chairman Gary Gensler argued for tougher derivatives rules after J.P. Morgan Chase & Co. experienced a trading loss, WSJ reports.

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