The Daily Docket: Judge Urges Hostess Union to Approve Contract

A bankruptcy judge urged union members to vote in favor of the final contract offered up by Hostess Brands Inc., a proposal both sides acknowledge represents the last hope for saving the struggling maker of Twinkies. Read the Daily Bankruptcy Review article here.

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According to Dow Jones Newswires, the Securities and Exchange Commission is investigating Residential Capital LLC for possible fraud.

Reuters reports that former Peregrine Financial Group Inc. customers balked at giving a raise to the firm’s general counsel.

According to the Chicago Tribune, Aurelius Capital Management was denied its emergency motion to stay Tribune Co .’s bankruptcy exit.

According to The Wall Street Journal, law firm Pepper Hamilton LLP is buying Freeh Sporkin & Sullivan LLP, former Federal Bureau of Investigation director Louis Freeh’s firm.

The city of Central Falls, R.I., is getting ready to exit Chapter 9 bankruptcy protection, the Bond Buyer reports.

Lennar Corp . is objecting to developer Medford Village East Associates LLC’s bankruptcy and is seeking to let a pending foreclosure go forward, the Courier-Post reports.

Knight Capital Group Inc . is trying to decide whether to get rid of or expand some of its operations, WSJ reports.

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