The Daily Docket: Washington Mutual Wins Settlement Approval

12/24/14
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A bankruptcy judge Tuesday tied up a remaining loose end from the 2008 collapse of Washington Mutual Bank , endorsing a $37 million settlement of the company’s claims against its former leaders. The Wall Street Journal has the Daily Bankruptcy Review article here.

(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.”)

A bankruptcy judge cleared NII Holdings Inc.’s top executives to potentially earn millions of dollars in bonuses, telling a federal watchdog that its objection to the payout plan “completely stunned” her, DBR reports in WSJ.

Years of contamination at a Southern California lead-acid battery-recycling plant caused severe health problems for local residents, including cancer and kidney failure, according to a new lawsuit, DBR reports in WSJ.

American Airlines Group Inc. announced more pay raises, WSJ reports.

Canadian gold miner San Gold Corp. is seeking creditor protection in Canada, WSJ reports.

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

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