Standard General Cleared to Buy RadioShack Data

The hedge fund that saved more than 1,700 RadioShack Corp. stores from bankruptcy liquidation, Standard General LP, was cleared to buy the iconic retailer’s trademarks and customer data as it looks to revive the electronics chain. 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.”)

DBR writes via The Wall Street Journal about failed retailers getting new lives on the Web.

Ex-billionaire Tim Blixseth is petitioning to court to get released from jail, the Associated Press reports.

Ex-billionaire Sam Wyly won approval to sell off his family ranch in Colorado, Bloomberg reports.

The New York Times looks at a lawsuit against Ahmed Zayat, the owner of racehorse American Pharoah, which alleges he didn’t pay a betting debt from a website out of Costa Rica.

(And don’t forget to check out our blog post on a Republican lawmaker’s criticism of the U.S. Trustee Program over a charity donation.)

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