The Daily Docket: WaMu Unveils Deal With Shareholders

Washington Mutual Inc. unveiled a new proposed settlement with shareholders who have held up confirmation of its Chapter 11 plan and a $7 billion payday for creditors. Read the Daily Bankruptcy Review story here.

The judge who threw Harrisburg, Pennsylvania’s bankruptcy case out of court has denied the city council’s request to revive the case, ruling that the group appealed her decision three days after the deadline. Read the Daily Bankruptcy Review Small Cap story here.

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A CME Group Inc. executive testified at a Senate hearing Tuesday that Jon Corzine might have known of an improper shift in customer funds by MF Global Holdings Ltd. before the futures firm filed for bankruptcy protection. Read The Wall Street Journal story here.

Lawyers who are trying to recover money for the far-flung victims of Bernard Madoff’s Ponzi scheme have moved to recover $375 million from banking giant Credit Suisse Group AG, DBR’s Katy Stech reports in WSJ.

A grand jury has been investigating Solyndra for at least two months, according to billing records from the law firm defending the bankrupt California solar company, Politico reports.

Former Bulls star Scottie Pippen filed a multimillion-dollar federal lawsuit Tuesday that claims several websites falsely accused him of filing for bankruptcy when he’s actually worth at least $40 million, the Chicago Sun Times reports.

A Minneapolis lawyer has responded to a judge’s threat of a hefty fine over an insult-laden legal memorandum by filing a reply loaded with even more religious slurs than the one prompting the judge’s warning, the Pioneer Press says.

Los Angeles Times editor Russ Stanton will step down this month and be replaced by the managing editor for news, the newspaper said on Tuesday, reports Reuters.

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