The Daily Docket: Peregrine Outlines Liquidation Strategy

The trustee overseeing Peregrine Financial Group Inc. on Thursday outlined plans for the liquidation of the failed U.S. brokerage, seeking court permission to run the business and retain some staff. Read the Wall Street Journal story here.

A Connecticut firm that specializes in trading bankruptcy claims is offering customers of Peregrine Financial Group 20 cents to 25 cents on the dollar for their claims following the futures broker’s collapse earlier this week, Deal Journal reports.

Goldman Sachs Group Inc. sought to block a bid by Paul Singer’s Elliott Management for more than $3 billion in reserves from Lehman Brothers Holdings Inc.’s bankrupt brokerage unit, only to withdraw its objection a day later. Read the Daily Bankruptcy Review story here.

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Valence Technology Inc. filed for voluntary Chapter 11 bankruptcy as the battery maker looks to boost liquidity and focus on its core business, WSJ reports.

Bloomberg looks at life at Lehman Brothers after the bankruptcy.

US Airways says it is now a creditor of American Airlines parent AMR Corp., the company it’s trying to force into a merger, the Associated Press reports.

A trial between oil and gas producer Anadarko Petroleum and paint materials company Tronox Inc has been adjourned for one week so the two companies can try to hammer out a settlement of their $25 billion dispute, according to Reuters.

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