The Daily Docket: Delta Petroleum Files for Bankruptcy

Oil-and-gas company Delta Petroleum Corp. filed for Chapter 11 protection with $57.5 million in bankruptcy financing lined up to fund its continued operations. Read the Daily Bankruptcy Review story here.

Corporate bankruptcy filings in November continued their 2011 slide, falling 9% from October and 27% from November 2010, according to new data released from Epiq Systems Inc. Read the Daily Bankruptcy Review Small Cap story here.

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Former MF Global Holdings Ltd. Chief Executive Jon S. Corzine testified Thursday that he knew about an overseas transfer of funds that has come into focus in recent days as regulators and Congress seek to find out what became of an estimated $1.2 billion in missing customer cash. Read The Wall Street Journal story here.

The vice chairman of CME Group Inc. is suing former MF Global Holdings Ltd. Chief Executive Jon Corzine, adding to the tension between the world’s largest futures exchange and what was formerly one of its largest customers, WSJ reports.

Lehman Brothers Holdings Inc. is suing Bank of America Corp. and Barclays PLC to put the brakes on the proposed sale of their interests in apartment company Archstone to Sam Zell’s Equity Residential. Read the story here in WSJ’s Developments blog.

Bloomberg profiles Louis J. Freeh, the former FBI director who took on two of 2011’s biggest scandals last month, as he joins the ranks of former high-ranking government officials trying to sell reputations for integrity following careers fraught with controversy.

A bankruptcy judge on Thursday blasted Fox Sports for claiming that the Los Angeles Dodgers’ plan to sell media rights to future games is intended to enrich team owner Frank McCourt after Fox negotiated a failed deal that would have left McCourt with hundreds of millions of dollars, the Associated Press reports.

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