The Daily Docket: Kodak Allowed to Pay Bonuses

A judge on Monday said Eastman Kodak Co. could pay millions of dollars in bonuses to several hundred employees to keep them happy and at the company, overruling an objection by the Justice Department’s bankruptcy-watchdog unit. Read the Daily Bankruptcy Review article here.

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The new resolution authority created by the Dodd-Frank financial overhaul law is ill-suited to handle a run in the repo market, a new paper says, and a “Repo Resolution Authority” is needed to prevent a repeat of the financial meltdown that followed Lehman Brothers Holdings Inc.’s collapse. Read the DBR article via Fox Business.

The former chairman of law firm Dewey & LeBoeuf LLP has hired a criminal lawyer, Law Blog reports.

DealBook reports that Dewey & LeBoeuf encouraged partners to look for others jobs, according to an internal memo.

Creditors of LightSquared want Philip Falcone’s Harbinger Capital Partners to reduce its ownership in the company, Reuters reports.

According to the Financial Times (sub. req.), derivates risks are still not very well understood.

The struggling YRC Worldwide Inc. has gotten a new lifeline from its creditors, Dow Jones Newswires reports.

Don’t forget to check out Bankruptcy Beat’s post on “Octomom” Nadya Suleman’s bankruptcy.

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