The Daily Docket: Stockton Leaders Urge Judge to Let City Exit Bankr...

City leaders in Stockton, Calif., are urging a federal judge to let the city exit bankruptcy with a court-approved reorganization plan, despite an appeal of that proposal filed by mutual-fund giant Franklin Templeton Investments. 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.”)

Standard General LP said it would give up some of its stake in RadioShack Corp., WSJ reports.

LightSquared investor Phil Falcone is stepping down as chairman and chief executive Harbinger Group Inc., Bloomberg reports.

Customers of bitcoin exchange Mt. Gox are closer to getting their money back, DealBook reports.

According to Bloomberg, the Royal Bank of Scotland Group Plc is shutting down most of its European debt restructuring businesses outside the U.K.

Bloomberg has an opinion piece on Detroit’s emergence from bankruptcy.

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