The Daily Docket: Financial Institution Settles MF Global Suit

A group of well-known financial institutions settled a lawsuit brought by former MF Global Holdings Ltd. investors for $74 million. The Wall Street Journal has the Daily Bankruptcy Review article here.

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William Nicklin’s troubled investment firm NSB Advisors LLC has filed for bankruptcy protection with a plan to sell its assets to Emancipation Management LLC, DBR reports in WSJ.

Friendly’s franchise J&B Restaurant Partners of Long Island II LLC filed for bankruptcy, Reuters reports.

Trump Entertainment Resorts Inc. sketched out a revised turnaround plan, DBR reports.

The state of Mississippi wants to force biofuel maker KiOR into liquidation, the Hattiesburg American reports.

Ex-Anglo Irish Bank Corp. Chief Executive David Drum won’t be able to use bankruptcy to escape his debt, Bloomberg reports.

Wet Seal Inc. is closing 66% of its stores and laying off more than 3,500 employees, WSJ reports.

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