The Daily Docket: Lehman Trader Seeks $84 Million Bonus…Again
Lehman Brothers says a former trader received his entire $84 million bonus in 2008. Now the failed bank claims he is asking for it again. 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.”)
According to WSJ, Brazilian power utility Eneva SA filed for bankruptcy protection in Rio de Janeiro.
The former head of the firm behind the chemical spill that contaminated a large portion of West Virginia’s water supply faces criminal charges accusing him of lying in the company’s bankruptcy case in a bid to shield his assets from litigation, DBR reports via WSJ.
Detroit’s emergency manager resigned Tuesday as the city gets ready to leave bankruptcy, WSJ reports.
Teen retailer Delia’s Inc. won court approval Tuesday to begin shutting down its stores after failing to find a buyer willing to keep the 21-year-old chain alive, DBR reports via WSJ.
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa
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