The Daily Docket: Stockton Strikes Deal With Bond Insurer

Struggling Stockton, Calif., struck a deal with the bond insurer behind the city’s roughly $125 million pension bond debt—its largest borrowed debt—that will enable the city to stretch out payments on those bonds to make them more affordable. Read the Daily Bankruptcy Review article here.

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A Michigan law judge cleared one of Detroit’s pension funds to reinstate an extra yearly pension check for workers and retirees, Reuters reports.

Oil and gas company OGX Petroleo & Gas Participacoes SA is thinking of filing for bankruptcy in a month, Bloomberg reports.

OnCure Holdings Inc. received bankruptcy court approval of its bankruptcy-exit plan, which pays bondholders with proceeds from a $125 million sale of the company’s assets. Read the DBR Small Cap article via Nasdaq.

According to The Wall Street Journal, Dish Network Corp.’s takeover bid for LighSquared has come under fire by shareholders.

Serbia is close to insolvency and needs to cut wages, Bloomberg reports.

MoneyBeat has more on MF Global customers seeking final payments.

U.S. regulators are worried about Puerto Rico’s debts and their risks for U.S. investors, WSJ reports.

The Associated Press reports that Detroit’s bankruptcy is casting a shadow over other U.S. cities.

The New York Post reports on the ripple of effect of the Lipman agency’s bankruptcy.

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