The Daily Docket: Blucora Plans Bid For Brookstone

The owner of the Spencer’s retail chain may be facing some competition in its bid for consumer electronics retailer Brookstone, as Blucora Inc. plans an offer, the Wall Street Journal reports

MF Global Holdings Ltd. is suing PricewaterhouseCoopers LLP, alleging PwC’s accounting advice helped cause MF’s 2011 collapse, Daily Bankruptcy Review reports via WSJ.

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Hedge funds and private-equity investors are bidding up prices of some troubled assets in Europe, sparking a surge in sales by banks seeking to rid themselves of soured corporate loans in WSJ.

WSJ reports that General Motors Co. rejected a proposed fix for the problem of faulty ignition switches in 2005 because it would have taken too long and cost too much, and federal regulators twice declined to open formal probes, Congressional investigators said.

Two years before Mt. Gox filed for bankruptcy, employees challenged CEO Mark Karpeles over whether client money was being used to cover costs, Reuters reported.

Fidelity Investments, a key Energy Future Holdings Corp. creditor, is said to be near a reorganization agreement with the power producer, according to Bloomberg.

More details on how Detroit would treat creditors are expected to be released today, according to the the Detroit Free Press.

The extent of an alleged scheme to hide the true financial condition of Dewey & LeBoeuf LLP became clearer Friday, when a judge revealed the identities and statements of former employees who have pleaded guilty to helping carry it out, WSJ reports.

Write to Stephanie Gleason at [email protected]. Follow her on Twitter @stephgleason.