The Daily Docket: Global Geophysical Enters Bankruptcy

Seismic data provider Global Geophysical Services Inc. filed for Chapter 11 bankruptcy protection Tuesday, not long after announcing it would have to restate its financial reports for periods going back to 2009. 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.”)

Former Sentinel Management Group Inc. Chief Executive Eric A. Bloom was convicted on Tuesday of defrauding customers out of more than $500 million. Read the DBR article via The Wall Street Journal.

Bernard Madoff’s Ponzi-scheme victims are about to get $349 million in new payments, Bloomberg reports.

WSJ reports that U.S. Bankruptcy Court Judge Steven Rhodes, who’s overseeing Detroit’s bankruptcy case, wants to appoint one of his own expert witnesses to help him look into the city’s proposed debt-cutting plan.

According to Reuters, MF Global Holdings Ltd.’s trustee might sue ex-leader Jon Corzine over the firm’s collapse.

According to WSJ, Japanese bitcoin trader Mt. Gox said it’s cooperating with police who are looking into the disappearance of 650,000 bitcoins.

Pescanova SA’s lenders will seek to take control of the Spanish fishing company, Bloomberg reports.

Manhattan’s district attorney wants the identities of seven ex-Dewey & LeBoeuf LLP employees who’ve pleaded guilty to criminal charges to be made public, The Am Law Daily (sub. req.) reports.

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