The Daily Docket: MLB Says Dodgers Paid Secret Fee to Hedge Fund

Major League Baseball says the hedge fund keeping the Los Angeles Dodgers afloat while in bankruptcy has collected a surreptitious $5.25 million fee that the lender and baseball team’s owner have intentionally withheld from the court. Read the Daily Bankruptcy Review story here.

ArchBrook Laguna LLC, a consumer electronics distributor, sought Chapter 11 protection Friday with the goal of securing a buyer for its assets through a competitive auction process.Read the Daily Bankruptcy Review Small Cap story here.

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Judges in the U.S. and Canada Monday gave the nod to a $4.5 billion patent sale that marks a shift in the balance of power in the technology wars over mobile applications and a major improvement in the fortunes of creditors of Nortel Networks Corp. Read the DBR story here in The Wall Street Journal.

DealBook reports the F.D.I.C. has also adopted a new clawback rule for failed banks that would allow it to try to reclaim two years worth of executive compensation.

Landlords are objecting to Borders Group Inc.’s auction rules, Reuters reports, saying the proposed plan would effectively keep landlords from advocating for their interests.

The Securities Investor Protection Corp. says the so-called fictitious profits lawsuits filed by the liquidator of Bernard Madoff’s firm belong in bankruptcy court, reports Bloomberg.

The Los Angeles Times reports the embattled Crystal Cathedral is looking to draw in more offers for its property at a bankruptcy auction.