The Daily Docket: Detroit Judge Won’t Stop Water Shutoffs

A bankruptcy judge ruled Monday not to stop Detroit water shutoffs if people can’t pay their water bills, the Associated Press reports.

A federal appeals court on Friday ruled that a bankruptcy judge must review a bid to sell a $230 million claim in the Bernard Madoff liquidation, offering new hope to the seller’s bid to break off the deal. Read the Daily Bankruptcy Review article here.

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Lehman Brothers Holdings Inc. is suing Raymond James Financial Inc. to recover more than $2 million it says it is owed related to an old swap agreement, DBR reports via The Wall Street Journal.

A bankruptcy trustee looking to recover money for those affected by a deadly 2013 train derailment has turned his attention to more than a dozen companies that may have played a role in the accident, DBR reports via WSJ.

American International Group’s historic bailout is being challenged, WSJ reports.

Hedge funds Standard General LP is looking to ease RadioShack Corp.’s cash crunch, WSJ reports.

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