The Daily Docket: RadioShack Fights for Standard General Takeover

RadioShack Corp . said an offer from Standard General LP to save much of the iconic chain is the best to emerge from an auction, beating out rival offers that would see the retailer shut down. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

A judge on Thursday approved the restructuring plan of LightSquared, capping a bankruptcy odyssey for Philip Falcone’s ambitious wireless venture that filed for bankruptcy nearly three years ago. The DBR article is available in WSJ.

The team winding down Lehman Brothers Holdings Inc. said Thursday it would be paying $7.6 billion to creditors next week, more than six years after the investment bank’s collapse triggered the financial crisis, DBR reports in WSJ.

The city of San Bernardino, Calif., revealed details of its deal with the state’s public pension system, Reuters reports.

WSJ looks at the rising number of energy companies that are becoming financially stressed.

(And don’t forget to check out blog post on a deal that was approved for the widow of American Sniper Chris Kyle).

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