The Daily Docket: Wanxiang Wins Approval to Take Over Fisker

China’s Wanxiang Group won court approval Tuesday to take over failed luxury hybrid-car maker Fisker Automotive Inc. after successfully outbidding Hong Kong billionaire Richard Li in an auction. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

WSJ reports that Judge James Peck, who worked on the Lehman Brothers bankruptcy case, is joining law firm Morrison & Foerster LLP after leaving the Manhattan bankruptcy court.

Reuters previews what might happen in Wednesday’s hearing on Detroit bankruptcy case.

Indiana Limestone Co., which has mined stone for buildings like the Pentagon and the Empire State building, filed for bankruptcy, DBR (sub. req.) reports.

Credit Slips looks at worker representation in bankruptcy.

Six Flags Entertainment Corp.’s revenue rose, but its profit dropped, WSJ reports.

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