The Daily Docket: Lehman Trustee Reaches Customer-Repayment Deal

The trustee winding down Lehman Brothers brokerage has reached agreement with its former parent and its U.K. counterpart to “immediately” allocate $13.8 billion to a fund to be used to pay back customers, according to a bankruptcy court filing. Read the Daily Bankruptcy Review article here.

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According to The Wall Street Journal, merger discussions collapsed Wednesday between Dewey & LeBoeuf LLP and SNR Denton.

According to the New York Times, Dewey & LeBoeuf called off its summer internships this week.

Denmark’s main domestic airline, Cimber Sterling, filed for bankruptcy after its owners decided to stop supporting it, the Associated Press reported.

WSJ discusses the recent bankruptcy filing of the Northern Mariana Islands Retirement Fund, the first U.S. public pension to seek bankruptcy.

US Airways Group Inc. has won support from American Airlines’ three big unions to merge with parent AMR Corp., WSJ reports.

Rep. Michael Grimm (R., N.Y.) of the House Financial Services Committee wants an independent counsel for MF Global Holdings Ltd.’s investigation, WSJ reports.

According to WSJ, some of Elpida Memory Inc.’s bondholders are concerned about the Japan-based chip maker being sold on the cheap, and they might submit an alternative reorganization plan.

Bill Miller is the new preferred bidder for the Scotland-based Rangers soccer team, Bloomberg reports.

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