The Daily Docket: Freedom Industries Ex-Leader Seeks to Disqualify P...

The former leader of Freedom Industries Inc., the company behind a massive chemical spill, wants to disqualify the federal lawyers prosecuting him for fraud on the grounds that they also suffered from the spill. Read the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

LightSquared lost $68.1 million during November, bringing the wireless venture’s total losses since its 2012 bankruptcy filing to $1.8 billion, DBR reports in The Wall Street Journal.

General Motors customers are demanding payment for the “callous cover-up” of the auto maker’s ignition-switch defects, Bloomberg reports.

According to WSJ, Eike Batista-controlled shipbuilding company OSX Brasil SA might face another delay in its bankruptcy plan.

A new $78 million lawsuit is leaving two Illinois racetracks at the risk of bankruptcy, the Chicago Tribune reports.

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