The Daily Docket: Counterparties Win in Lehman Judge’s Swaps Ruling...

A recent bankruptcy-court decision in favor of Michigan’s state housing authority’s decision to terminate a swaps deal with Lehman Brothers Holdings Inc. is a boost to counterparties, who are still wrestling with the investment bank over billions of dollars in complex financial transactions more than five years after its collapse. Read the Daily Bankruptcy Review article here.

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Five years after lawyer Marc Dreier’s arrest for running a multimillion-dollar investment fraud, investors and creditors of his defunct law firm are poised to recover 13 cents or less for each dollar of the more than $375 million owed. Read the DBR article via The Wall Street Journal.

Oleo e Gas Participacoes SA’s partner said the company might lose its stake in some fields because it hasn’t paid its share of developments costs, Reuters reports.

Another California city, Deseret Hot Springs, is facing financial difficulties that could lead to a bankruptcy filing, the New York Times reports.

A lawyer who helped the city of Harrisburg, Pa., file its bankruptcy petition is suing over unpaid fees, Reuters reports.

The New York Post looks at the problems faced by Brooklyn’s Interfaith Hospital.

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