The Daily Docket: McCourt to Sell Dodgers

Los Angeles Dodgers owner Frank McCourt on Tuesday made a deal with Major League Baseball Tuesday to sell the team, the Associated Press reports.

MF Global Holdings Ltd. on Tuesday denied accusations of shortfalls in its brokerage customers’ accounts, one day after filing for the eighth-largest corporate bankruptcy in U.S. history. Read the Daily Bankruptcy Review article here.

Discount retailer Syms Corp. and its Filene’s Basement LLC subsidiary filed for Chapter 11 bankruptcy protection Wednesday with plans to liquidate. Click here to read the article in DBR Small Cap.

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According to The Wall Street Journal, a judge tossed $20 billion in claims Bernard Madoff trustee Irving Picard made against J.P. Morgan Chase & Co. and UBS AG.

WSJ reports on the Federal Bureau of Investigation’s interest in probing whether MF Global Holdings Ltd. client funds are missing.

DealBook examines Jon Corzine’s impact on MF Global since he took over last year, noting that the company was to have been his “comeback vehicle” after he lost to Chris Christie in New Jersey’s 2009 election for governor.

Reuters ponders whether accounting practices contributed to MF Global’s collapse.

Vallejo, Calif., has emerged from Chapter 9 bankruptcy, the San Francisco Chronicle reports. The city, facing huge deficits and expensive employee contracts, filed for bankruptcy in 2008.

According to MarketBeat, Dynegy Holdings said Tuesday it missed a $44 million bond interest payment.

Pennsylvania Gov. Tom Corbett is looking for a receiver for its struggling capital city of Harrisburg, Bloomberg reports.

Sources say Tribune Co.’s exit from bankruptcy still face major challenges, the Los Angeles Times reports.

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