The Daily Docket: ResCap Trust Criticizes Fees

The trust in charge of overseeing Residential Capital LLC’s liquidation is trying to make the former mortgage servicer’s expensive bankruptcy case a little cheaper. Read the Daily Bankruptcy Review article here.

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A federal judge allowed Refco Inc. to pursue litigation against Cantor Fitzgerald LP and its chief executive, though she narrowed the scope of the defunct commodities brokerage’s lawsuit. The Wall Street Journal has the DBR article here.

A decade after Desert Hot Springs, Calif., left bankruptcy, it’s still struggling with debt payments and is trying to avoid a default, Bloomberg reports.

Agrentina said it’s taking steps to get a round a U.S. court order to avoid a technical default, DealBook reports.

Movie-production investor Aramid Entertainment Fund Ltd. sought Chapter 11 protection last week with plans to wind down, citing the “extraordinary burden” of a series of pending lawsuits it is involved in, DBR reports via WSJ.

Starndard & Poor’s Ratings Services lowered Michigan’s credit rating to stable from positive partially because of Detroit, Reuters reports.

Bloomberg reports that Eastman Kodak Co.’s bankruptcy trustee is suing to recover $49.2 million in payments to Altek Corp. before the company filed for bankruptcy.

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

Correction: An earlier version of this article incorrectly said a trustee was criticizing fees in the headline.