The Daily Docket: Everybody Loves Energy Future

Energy Future Holdings Corp. is “in the midst of a bidding war” and still talking to NextEra Energy Inc., the Florida company that sparked a competition that shook up one of the biggest bankruptcies on record, company attorney Edward Sassower said Tuesday. Read the story in the Daily Bankruptcy Review.

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A judge on Tuesday approved several routine motions to allow NII Holdings Inc. to keep operating normally, as the owner of Nextel-branded wireless units in Latin America assured the court that negotiations with bondholders on a restructuring have been fruitful. Read the DBR story in The Wall Street Journal.

Specialty retailer Brookstone on Tuesday said its president and chief executive, James Speltz, has resigned after taking the seller of travel gadgets and massage chairs through bankruptcy proceedings this summer, WSJ reports.

A federal judge in Rio de Janeiro said Tuesday he has ordered banks to freeze up to 1.5 billion reais ($640 million) in financial assets belonging to Brazilian entrepreneur Eike Batista, who prosecutors have accused of market manipulation and insider trading, reports WSJ.

Detroit’s cache of art is worth no more than $867 million, less than creditors claim it could generate to help repay them, an appraiser told a federal judge overseeing the city’s bankruptcy trial, reports Bloomberg.

Ron Bloom, who served as the “auto czar” on President Barack Obama’s task force that designed the bailout of General Motors and Chrysler amid the economic meltdown in 2009, is set to testify in Detroit’s bankruptcy case, the Detroit Free Press reports.

The owner of Biloxi’s Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property, the Associated Press reports.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter @PatFitzgerald23.