The Daily Docket: Deutsche Bank Settles Lehman Derivatives Suit

Deutsche Bank AG has agreed to settle a long-running lawsuit with Lehman Brothers Holdings Inc. involving complex-derivatives deals, one of a number of suits involving billions of dollars in credit derivatives that were terminated when the investment bank filed for bankruptcy. Read the Daily Bankruptcy Review article here.

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The founder of Peregrine Financial Group Inc. said he cushioned the firm’s capital with money that allegedly was embezzled from customers, The Wall Street Journal reports.

According to Bloomberg, the lawyer who represented Lehman bankruptcy examiner Anton Valukas is taking on a role involving the Peregrine case.

A court hearing is set for Wednesday on California’s attorney general’s $270 million lawsuit against one of Bernard Madoff’s alleged Ponzi-scheme beneficiaries, Bloomberg reports.

Municipal investors aren’t panicking over the recent influx of bankruptcies, WSJ reports.

Credit Slips celebrates its sixth anniversary.

A new bankruptcy trustee for the law firm of South Florida Ponzi-scheme operator Scott Rothstein will start filing lawsuits in about a month, the South Florida Business Journal reports.

According to WSJ, American Airlines parent AMR Corp. posted a second-quarter loss but had record revenue.

General Motors Co.’s Open unit brought on a new chief financial officer and head of research and development, WSJ reports.

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