The Daily Docket: MF Global Trustee Strikes Deal With CME

The trustee unwinding the brokerage of MF Global Holdings Ltd. struck a deal with CME Group Inc. that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Law Blog looks at the wind-down of Dewey & LeBoeuf LLP.

Democrats are firing back at Mitt Romney’s accusations that the Obama administration is “picking winners” in the private sector, pointing at his Green Energy Fund, WSJ reports.

Also according to WSJ, US Airways Group Inc. is seeing a lot of support for its plan to acquire American Airlines parents AMR Corp.

According to Reuters, court documents show that Berkshire Hathaway Inc. didn’t take part in the sale process for Residential Capital LLC when it was getting ready to file for bankruptcy.

Law professor Stephen J. Lubben writes more about Berkshire’s ResCap bid via DealBook.

Financier R. Allen Stanford got 110 years in prison for heading a $7 billion Ponzi scheme, WSJ reports.

CreditSlips criticizes a WSJ op-ed on President Barack Obama’s United Auto Workers bailout.

Walter Smith, the former manager of the Rangers Scottish soccer club that’s nearing bankruptcy, launched a takeover bid Thursday, the Associated Press reports.

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