The Daily Docket: Judge Says Corzine, Others Can Tap MF Global Insur...

A bankruptcy judge said he would allow Jon S. Corzine and other former MF Global Holdings Ltd. executives and employees to tap the rest of their insurance money to pay for defense costs, but he is “concerned” with how quickly the money is being spent—though it isn’t within his power to stop it. The Wall Street Journal has 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.”)

Energy Future Holdings Corp. bondholders are asking what happened to a proposal from NextEra Energy Inc. that would have meant more money for creditors of the Texas energy seller, which is working out its financial troubles in bankruptcy, DBR reports via WSJ.

The Detroit News looks at the city entering the second week of its bankruptcy trial.

New Jersey lawmakers are looking at giving residents a chance to vote on whether to end Atlantic City’s gambling monopoly in the state, Bloomberg reports.

The New York Post looks at Atlantic City, N.J.’s history of building on loss.

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