The Daily Docket: Trump Seeks $8.5 Million for Doral Bid

Donald Trump’s hotel group is asking for $8.5 million worth of bid protections on its $170 million offer to buy the Doral Golf Resort & Spa out of bankruptcy. Read the Daily Bankruptcy Review story here.

The bankruptcy trustees overseeing the bankruptcy cases of a number of defunct law firms are going after former partners and their new law firms to claw back money for creditors. Read the Daily Bankruptcy Review Small Cap story here.

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The court-appointed administrator overseeing Saab Automobile AB’s reorganization has asked that his appointment be terminated, owner Swedish Automobile NV said Thursday, a move that would end the car maker’s bankruptcy protection and allow creditors to petition for the company to be declared bankrupt. Read The Wall Street Journal story here.

Investors added a net $2.27 billion to junk-bond mutual funds over the past week, the second-highest week on record, according to the Journal.

ProPublica asks if Citigroup got a sweet deal in its $285 million settlement with the Securities and Exchange Commission freeing the bank of all of its potential   liabilities related to its collateralized debt obligation business.

Tribune Co., the publisher of the Los Angeles Times and Chicago Tribune newspapers, may be nearing the end of its bitter bankruptcy that quickly followed a disastrous leveraged buyout led by financier Sam Zell, writes Reuters.

Mark Madoff’s widow defends her husband’s innocence and blames his 2010 suicide on her former father-in-law, convicted confidence man Bernard Madoff, in a new memoir, Bloomberg reports.

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