The Daily Docket: Berkshire Offered $1 for ResCap Ahead of Bankruptc...

Residential Capital LLC says Warren Buffett’s Berkshire Hathaway Inc. made an offer to buy all of ResCap’s equity for $1 before the mortgage servicer was put into bankruptcy last month. Read the Daily Bankruptcy Review article here.

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Law Blog looks at what might happen in a Tuesday conference call that will brief Dewey & LeBoeuf LLP partners on whether they might have to return their pay.

According to The Wall Street Journal, steel consumers, investors, producers and analysts will weigh this week whether the recent bankruptcy of RG Steel is a sign of the future for the industry or a singular event.

MarketBeat reports that investors were cautiously optimistic about Europe’s financial crisis following Greece’s elections this weekend, but Greece’s pro-bailout party victory soon was overshadowed by Spain’s financial problems.

Former Boston Red Sox pitcher Curt Schilling is taking a leave of absence at his analyst job at ESPN as he works through the bankruptcy of his videogame company, 38 Studios LLC, the Associated Press reports.

The Maryland-based Ark of Safety Christian Church, which is led by state Sen. C. Anthony Muse, has filed for bankruptcy, the Washington Post reports.

Reuters reports that a judge stopped temporarily a union drive for 10,000 service agents at American Airlines.

According to Law  360 (sub. req.), transcripts released last week show that Ponzi-scheme operator Scott Rothstein used money to fund investments in Gianni Versace’s former South Beach house, which was put up for sale for $125 million.

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