The Daily Docket: Lehman Eyes Sale of Unsecured Claim

Lehman Brothers Holdings Inc. said Thursday that it may seek to sell off some of a multibillion-dollar bankruptcy claim that the failed investment bank holds against its U.S. brokerage arm. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Detroit is going to borrow $275 million in exit financing so it can emerge from Chapter 9 protection, WSJ reports.

WSJ has more on Saab’s Chinese-backed owner’s bankruptcy filing.

Detroit’s bankruptcy judge said bond insurer Syncora might face sanctions for accusing the city’s bankruptcy mediators of bias, the Detroit Free Press reports.

Malaysia Airlines ’ revival plan could cost up to six billion ringgit ($1.9 billion), WSJ reports.

Law professor Stephen Lubben discusses via DealBook how the Momentive ruling could affect bondholders in corporate bankruptcies.

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