The Daily Docket: JeffCo Leaders Approve Sewer-Debt Deal

Jefferson County, Ala., leaders voted Tuesday to accept a debt-settlement plan that will dramatically slash the $3.1 billion owed on its sewer system and allow the struggling county to get out of bankruptcy. Read the Daily Bankruptcy Review article here.

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A judge on Tuesday sent AMR Corp.’s merger with US Airways Group Inc. to AMR creditors for a vote, a penultimate step toward final court approval of the historic deal. Read the DBR article via The Wall Street Journal.

According to Bloomberg, IPGS Co., which rents pallets that have tracking technology, filed for bankruptcy and will sell itself to a group of funds.

MF Global Holdings Ltd. announced that trustee Louis Freeh is stepping down and is giving wind-down control to a new board, Reuters reports.

Semiconductor maker Conexant Systems Inc. won the OK on its bankruptcy plan, Bloomberg reports.

California’s public pension plan is questioning San Bernardino’s good faith, the Contra Costa Times reports.

Detroit’s debt-cutting talks might take a while, Bloomberg reports.

Also according to Bloomberg, the U.S. Treasury is looking to sell 30 million more shares of General Motors Co. stock.

The European Union is delaying the impact of its import tariffs for Chinese solar-panel equipment, WSJ reports.

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