The Daily Docket: Salus Says It Had ‘Superior’ RadioShack Bid

Salus Capital Partners says it has made a “materially superior” offer for RadioShack Corp. at a bankruptcy auction for the electronic retailer’s assets and wants a bankruptcy judge to intervene before a winner is a declared. 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 fund that invested exclusively in Bernard Madoff’s massive Ponzi scheme has struck a deal that frees up $93 million to pay back victims of the fraud, DBR reports in WSJ.

A Montana tax board said Tuesday that real-estate developer Tim Blixseth, embattled founder of the ultra-luxurious Yellowstone Club ski and golf resort, owed the state $56 million in back taxes. Read the DBR article in WSJ.

Atlantic City, N.J., emergency managers are pressing for big budget cuts to close a $101 million funding gap, WSJ reports.

The Las Vegas Review-Journal reports on a Caesars Entertainment retiree who’s not happy his pension payments were halted.

Bikini Village is getting rescued from bankruptcy, CBC reports.

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