The Daily Docket: Lehman Reaches Deal With Trustee

Lehman Brothers Holdings Inc. reached a deal with the trustee for investors in a complex natural gas deal that fizzled when the investment bank collapsed and its impact was felt from Walt Disney World to the city of Tallahassee, Fla. Read the Daily Bankruptcy Review article here.

The attorney representing a band ofHarrisburg, Pa., City Council members has asked the Internal Revenue Service to investigate whether the city did its financial homework before issuing bonds to pay for its failed trash incinerator project. Click here to read the article in DBR Small Cap.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC, click here.)

MF Global Holdings Ltd. customers’ money might have disappeared up to four days before the firm filed for Chapter 11 protection, The Wall Street Journal reports.

Reuters reports that Appaloosa Management LP bought an 8.64% stake of MF Global stock.

According to DealBook, federal authorities say they’re cracking down on Ponzi schemes more than ever, three years after Bernard Madoff’s Ponzi scheme came to light.

Dynegy Inc. reported a big third-quarter loss on lower revenue, according to WSJ.

The judge in the Chapter 9 bankruptcy case of Jefferson County, Ala.—Thomas B. Bennett—is known for his “rule-from-the-bench” style, Bloomberg reports.

According to the Associated Press, the Diocese of Orange has raised its offer for California-based Crystal Cathedral Ministries to $57.5 million from $55.4 million.

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