The Daily Docket: Lehman Brokerage Creditors to Start Getting Money

09/10/14

Unsecured creditors of Lehman Brothers Holdings Inc.’s brokerage business will begin receiving their money back Wednesday, nearly six years after Lehman collapsed into bankruptcy and the brokerage was sold. 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.”)

The city of Detroit reached a tentative deal with Syncora that it hopes will ease its bankruptcy exit, WSJ reports.

WSJ takes a closer look into the bankruptcy of Trump Entertainment Resorts Inc. and how it will affect Atlantic City rivals.

Detroit is transferring its water department to regional authority, though the city will still maintain its own water and sewer system, WSJ reports.

RadioShack Corp. shares fell the most in two years after its target price was cut to $0, Bloomberg reports.

Lehman is selling California land left from its partnership with SunCal, Developments reports.

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

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