MF Global Creditors Slated for Nearly Full Recovery

The judge in MF Global’s bankruptcy set the stage for a nearly full recovery for creditors, Daily Bankruptcy Review reports 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Detroit sold its first municipal bonds since leaving bankruptcy, WSJ reports.

The Associated Press reports on a guilty plea by former Freedom Industries President Gary Southern for his role in a massive chemical spill in West Virginia last year.

Relativity Media LLC lender Manchester Securities Corp. is balking at the company’s attempts to pay fees and residuals to talent work done before the chapter 11 filing, Variety reports.

Bloomberg discusses Oaktree Capital Group LLC’s investment in rare-earths miner Molycorp Inc.

According to NJ.com (h/t Associated Press), New Jersey’s biggest hospital chain, Barnabas Health, wants to buy competitor Saint Michael’s Medical Center of Newark, which filed for bankruptcy protection last week.

The Associated Press reports that Mississippi Phosphates pleaded guilty to pollution in Pascagoula, Miss.

(And don’t forget to check out our blog post on stories of weird bankruptcy: the trial of the alabaster medallion.)

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