The Daily Docket: Email Links Corzine to MF Global Transfer

Jon S. Corzine gave “direct instructions” to move $200 million from an MF Global Holdings Ltd. account containing customer funds three days before the securities firm collapsed, according to an employee email reviewed by congressional investigators. Read The Wall Street Journal story here.

Stricken video game retailer Game Group PLC Monday went into administration after failing to find a buyer, putting thousands of jobs at risk and underscoring the bleak conditions on the U.K. High Street. Read the story here in Daily Bankruptcy Review.

Oil-and-gas driller Delta Petroleum Corp. got court permission to change the rules for its upcoming bankruptcy auction after convincing a judge that making minor tweaks could protect the Colorado company’s more than $1.1 billion worth of tax benefits for its buyer. Read the Daily Bankruptcy Review Small Cap story here.

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Meanwhile, DealBook says Corzine was told during the brokerage firm’s final day of business that a crucial transfer of $175 million came from the firm’s own money, not from a customer account, according to an internal email.

Hedge fund Elliott Management sent a letter to Ally Financial’s board last week saying a bankruptcy filing for its mortgage subsidiary would trigger a protracted legal battle against the lender and make its proposed public offering “nearly impossible” for several years, reports Reuters.

Grubb & Ellis Co.’s competitors have already poached dozens of the firm’s brokers since the firm declared bankruptcy about a month ago, but the firm’s building management contracts could also be up for grabs, WSJ reports.

Two bidders competing to buy struggling Christ Hospital were told on Friday to revise and resubmit their proposals, writes the Hudson Reporter.

Major League Baseball objected to the Los Angeles Dodgers proposed bankruptcy-exit plan, saying it contradicts a settlement the team reached with baseball officials last year, reports Bloomberg.

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