The Daily Docket: MF Global Customers Fight Bid for Executives to Us...

12/12/14
Reuters

Former MF Global customers, as well as the administrator in charge of the defunct brokerage, are fighting a bid by Jon S. Corzine and other former MF Global executives to tap $7.5 million of their errors-and-omission insurance policy to cover their legal-defense costs, Daily Bankruptcy Review reports in The Wall Street Journal.

(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.”)

Detroit’s final legal bill for its bankruptcy is likely to wind up around $150 million, WSJ reports.

Casesars Entertainment Corp. reached a tentative deal on a debt restructuring for its biggest unit, WSJ reports.

A bankruptcy judge Thursday refused to allow Donald Trump to forge ahead with a legal fight to reclaim his luxury brand from Trump Entertainment Resorts Inc., a descendant of the Atlantic City, N.J., casino company he once led. WSJ has the DBR article here.

Bond traders have been drawn to GT Advanced Technologies Inc. by the prospect of lawsuits with Apple Inc., Bloomberg reports.

Also according to Bloomberg, Exide Technologies shareholders lost a bid for a bigger role in the company’s bankruptcy case.

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

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