WSJcomBankruptcyBeat

The money keeps rolling in for creditors of Howrey LLP, the Washington, D.C.-based law firm that went out of business in 2011.

In the latest settlement struck by Howrey trustee Allan Diamond, a group of former Howrey leaders and a law firm that initially advised the defunct firm on its bankruptcy have agreed to pay $1.85 million.

A bankruptcy judge said Aereo Inc. can auction its TV streaming technology after the company struck a deal with broadcasters over the sale process. The Wall Street Journal has the Daily Bankruptcy Review article here.

Going-out-

There will be no more cowboy-hatted lawyers gracing your late-night TV screen. At least, not for now.

Binder & Binder, one of the nation’s largest federal disability benefits firms, pulled the plug on its ubiquitous TV-ad campaign. The cost-cutting move, which will save the firm more than $1 million a month, is just one way Binder is trying to turn its business around as part of a Chapter 11 restructuring.

A proposed payment to Bernard Madoff's cheated investors would allow some to be paid in full about six years after the collapse of Mr. Madoff’s massive fraud.