The Daily Docket: Standard General to Lead RadioShack Bidding

Hedge fund Standard General LP will lead the bidding at a bankruptcy auction of 1,700 or more RadioShack stores, as the electronics retailer tries to save some of its struggling business. Read the Daily Bankruptcy Review article in 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.”)

The nation’s top court heard arguments over whether copper miner Asarco LLC, which hired the Baker Botts LLP law firm to handle its bankruptcy in 2005, must pay $5 million to the law firm for the time the firm spent defending its fees in a nasty billing dispute, DBR reports in WSJ.

Auto-parts supplier Chassix Inc. is working on finalizing a prearranged restructuring and plans to seek bankruptcy, WSJ reports.

According to WSJ, Bank of America Corp. will pay Fontainebleau Las Vegas lenders $300 million to settle allegations of improperly advancing money to the project.

A jury will decide on whether mining magnate Ira Rennert took money from his company Magnesium Corp. of American during the 1990s, when the company was struggling financially, the New York Post reports.

DealBook looks at the cracks forming in public pensions.

The private-equity owner of Atkins Nutritionals is putting the company up for sale, WSJ reports.

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