The Daily Docket: Lehman Sues University Over Soured Swaps

Lehman Brothers Holdings Inc.’s estate is suing Saint Louis University over soured interest-rate swaps agreements, the latest in a string of such suits filed by the defunct investment bank. 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 Commodity Futures Trading Commission fined MF Global Inc.’s parent company $100 million as part of a settlement, WSJ reports.

Real-estate developer Tim Blixseth, who was jailed on contempt charges, is spending Christmas Eve with his family after an appellate court Wednesday ordered his release from jail. Read the DBR article in WSJ.

The Chicago Tribune reports on the bankruptcies at the Balmoral Racing Club Inc. and Maywood Trotting Association Inc., two horse-racing tracks tied to the Blagojevich scandal.

WSJ looks at RadioShack Corp’s store closures.

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