The Daily Docket: Lehman Seeks Win Over Citi

Lehman Brothers Holdings Inc. on Thursday urged a judge to give it a quick victory over Citigroup Inc. in a fight over whether Citi can keep collecting millions in interest on $2 billion Lehman gave it shortly before its collapse. 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 operator of the Indiana Toll Roll is considering bankruptcy as is tries to cut its $6 billion debt load, WSJ reports.

MoneyBeat has more on RadioShack Corp.’s continuing cash troubles.

According to Bloomberg, Florida developer Glenn Straub, who offered to buy Atlantic City’s Revel casino, is also interested in the Showboat.

Momentive Performance Material Inc. won approval of its bankruptcy plan, which cuts its $4 billion debt to $1.3 billion, Bloomberg reports.

Detroit’s bankruptcy mediator ordered a new round of talks with holdout creditors in the city’s bankruptcy case, WSJ reports.

A judge said San Bernardino, Calif., can end a union contract with firefighters to make it easier for the city to leave bankruptcy, Bloomberg reports.

The Associated Press reports that Glenn Adam Chin, a pharmacist for New England Compounding, which was blamed for a major mentis outbreak, pleaded not guilty to mail fraud.

(And don’t forget to check out two posts we got in response to our latest batch of Examiners posts, on work-life balance in restructuring.)

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