The Daily Docket: Thornburg Trustee Renews $1.9 Billion Attack on Ba...

The trustee of defunct mortgage lender Thornburg Mortgage Inc.is renewing his attack against some of the biggest players on Wall Street’s mortgage-finance assembly line—including affiliates of J.P. Morgan Chase & Co., Citigroup Inc. and Credit Suisse Group AG—accusing them of scheming to strip Thornburg’s assets until it collapsed into bankruptcy. Read the Daily Bankruptcy Review story here.

Liquidating retailer Syms Corp. wants an independent official to investigate possible mismanagement by its directors and officers in the wake of Syms’s purchase of Filene’s Basement LLC out of bankruptcy in 2009. Read the Daily Bankruptcy Review Small Cap story here.

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The House Financial Services Committee on Thursday is set to hold the third congressional hearing into the Oct. 31 collapse of MF Global Holdings Ltd., with the focus expected to be largely on regulators’ coordination of information-sharing on potential problems at the company, The Wall Street Journal reports.

Detroit didn’t have any trouble selling $484 million in water and sewer debt in the municipal-bond market on Wednesday, but the deal came at a price, given the city’s fiscal woes, WSJ reports.

Saab Automobile and its current administrator, Guy Lofalk, have applied to have a new administrator oversee the restructuring of the troubled Swedish car maker, after Lofalk last week moved to abandon the reorganization attempts, Dow Jones Newswires reports.

Regulators now have a more complete picture of money transfers in the final days of bankrupt brokerage MF Global, but must sort out which transactions were legitimate before more money can be released to customers, reports Reuters.

Before his $1.2 billion Ponzi scheme collapsed, Scott Rothstein crowed repeatedly to an alleged wealthy accomplice about the fraud’s huge success, calling himself “banker and pimp” and bragging that he operated the “International Bank of WOW!,” the Associated Press reports.

Miami’s New Times looks at the confusion around former Chicago Bull Scottie Pippen’s lawsuit against several news outlets and websites which he says have incorrectly reported that he filed for bankruptcy.

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