Oncor Sale May Offer a Way Out for Former TXU

A year into one of the biggest bankruptcies in history, the former TXU Corp. is still floundering through a $42 billion restructuring, with little to show for the more than $200 million spent on lawyers and advisers. 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 judge on Tuesday dismissed Philip Falcone’s racketeering lawsuit against Dish Network Corp. and Chairman Charlie Ergen over Mr. Ergen’s investment in LightSquared, calling Mr. Falcone’s argument “frivolous,” DBR reports via WSJ.

RadioShack Corp . is preparing to sell a trove of customer data at auction next month as dozens of state attorneys general battled the retailer in court Tuesday for clarity on what information will sold. The DBR article is available in WSJ.

An appeals court ordered Tim Blixseth, the former billionaire and founder of the luxurious Yellowstone Club ski and golf resort, to remain in a Montana jail. Read the DBR article in WSJ.

According to Reuters, the trustee in online Karmaloop Inc.’s bankruptcy case wants to get rid of the law firm representing the online streetwear retailer.

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