The Daily Docket: Creditors Say Lehman Plan to Easy on Fuld, Others

The government’s bankruptcy watchdog and disgruntled investors suing Lehman Brothers Holdings Inc.’s former leaders are both objecting to the investment bank’s bankruptcy liquidation plan, saying it’s too easy on the executives and board members who oversaw the bank’s collapse. Read the Daily Bankruptcy Review story here.

New Jersey’s attorney general says Liberty State Financial Holdings Corp. inappropriately filed for bankruptcy protection to escape pending state litigation accusing it of engaging in a “massive fraud.” Read the Daily Bankruptcy Review Small Cap story here.

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The Indian tribe that  owns Foxwoods Resort Casino in Ledyard, Conn., is nearing a deal with creditors to end a financial crisis that has roiled the Native American gambling market. Read The Wall Street Journal here.

Officials in Jefferson County, Ala., postponed their decision on whether to file for what would be the largest municipal bankruptcy in U.S. history, voting Friday to negotiate directly with holders of $3.1 billion in sewer debt, WSJ reports.

The state-appointed receiver for Central Falls, R.I, wants to file a reorganization plan a month, the Providence Journal reports.

Saab customers are abandoning the struggling automaker as the company tries to avoid liquidation, reports Bloomberg.

The Los Angeles Dodgers are on pace to lose more than $42 million in annual revenue since the team’s last postseason appearance in 2009, according to the Los Angeles Times

A former Merrill Lynch & Co banker lost an appeal on Friday of his conviction on perjury and obstruction charges over his role in an Enron Corp fraud that involved the sham sale of Nigerian power plant barges, reports Reuters.