The Daily Docket: Barclays Favored in Lehman Trustee Dispute

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A judge on Tuesday ruled largely for Barclays PLC in the bank’s ongoing dispute with the trustee unwinding Lehman Brothers Holdings Inc.’s brokerage stemming from Barclays’ 2008 purchase of the brokerage, a decision the trustee will likely appeal. Read the Daily Bankruptcy Review article here.

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Warren Buffett’s Berkshire Hathaway Inc. wants an independent examiner appointed in the bankruptcy case of Ally Financial Inc. mortgage subsidiary Residential Capital LLC. Read the DBR article via The Wall Street Journal.

Reuters reports on the collapse of three ventures that were funded by presidential hopeful Mitt Romney while he was governor of Massachusetts.

According to WSJ, the city manager of Stockton, Calif., was authorized to declare Chapter 9 bankruptcy protection if the city can’t reach an agreement with creditors.

MF Global Holdings Ltd.’s trustees are battling over the firm’s remains, WSJ reports.

According to the New York Times, former Federal Deposit Insurance Corp. chairwoman Sheila Bair will announce a new group formed to monitor regulatory reform.

Irish retailer Atlantic Home Care has filed for examinership, which is similar to Chapter 11 protection, Reuters reports.

Brooklyn, N.Y.-based Strauss Auto filed for bankruptcy protection, Sheepshead Bites reports.

Berkshire Hathaway Inc. disclosed a 3% stake in Lee Enterprises Inc., WSJ reports.

Treading firm SXP Analytics will drop its bankruptcy case, the Milwaukee Journal Sentinel reports.

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