The Daily Docket: Madoff Trustee Claws Back Another $500 Million

A new legal settlement will bring in nearly $500 million for Bernard Madoff ’s cheated investors, putting their total recovery to date above $10 billion. Read Jacqueline Palank’s Daily Bankruptcy Review story in The Wall Street Journal.

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Dynamic Oil Trading Singapore Pte. Ltd. filed for liquidation on Tuesday, making it the second Singapore subsidiary of bankrupt Danish fuel supplier OW Bunker A/S to go bust, WSJ reports.

The country’s top court Monday agreed to hear arguments on whether homeowners can cancel their second mortgages in bankruptcy when their properties aren’t even worth the value of the first mortgage, DBR’s Katy Stech reports in the Journal

Former Brazilian commodities tycoon Eike Batista is set to stand trial in a Rio de Janeiro court Tuesday on criminal charges that he defrauded investors in a country that has recently been rocked by corporate scandals, the Journal reports.

WSJ’s Risk & Compliance crisis experts this week look at how Apple Inc. handled the bankruptcy with supplier GT Advanced Technologies Inc.

Former billionaire Samuel Wyly’s Dallas church is taking on the might of the U.S. government for a scrap of the businessman’s remaining fortune, reports Bloomberg.

Robert Gerber, the New York bankruptcy judge overseeing part of the fallout from General Motors Co’s problems with faulty ignition switches will retire from the bench, but remain active in so-called recall status for at least a year, his court announced, Reuters reports.

Bob McDevitt, the leader of the Atlantic City union representing Trump Taj Mahal bartenders, housekeepers and others tells the Philadelphia Inquirer why he’s no fan of Carl Icahn.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23.