Filene's Basement, LLC

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Case overview

Case Number:

1:11-bk-13511

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

August 30, 2012
Syms Corp. Cleared To Reorganize As Real Estate Co.

Syms Corp. won court approval Thursday for its reorganization plan, clearing the defunct clothing retailer to emerge from bankruptcy as a real estate holding company and sell off a host of properties to pay back both creditors and shareholders over time.
August 28, 2012
Jeweler's $6M Claim Barred By Licensing Deal, Filene's Says

Filene's Basement LLC on Monday asked a Delaware bankruptcy judge to reject the temporary allowance of a $6.3 million lost-profits claim of a jewelry company with which it had an exclusive licensing agreement, arguing that the claim is barred in its entirety by the contract.
August 27, 2012
Syms Revises Ch. 11 Plan, Rebuffs Creditor Objections

Defunct clothing retailer Syms Corp. tweaked its reorganization plan on Monday and asked a Delaware bankruptcy judge to approve it despite objections from creditors and the U.S. Trustee, claiming nothing in the plan runs afoul of the Bankruptcy Code.
August 24, 2012
US Trustee Protests Syms' Ch. 11 Plan Over CEO Protections

The U.S. trustee objected Friday to Syms Corp.'s proposed Chapter 11 reorganization, arguing the discount clothing retailer's plan cannot be confirmed in Delaware bankruptcy court as it provides legal cover for nonfiduciary parties, namely CEO Marcy Syms and her professionals.
August 22, 2012
Creditors Say Syms Ch. 11 Plan Snuffs Their Interest Rights

A group of unsecured Syms Corp. creditors urged a Delaware bankruptcy court Tuesday to reject the retailer's reorganization plan, arguing that it does not conform to Chapter 11 standards and wrongfully denies them interest on their claims.
August 20, 2012
Syms' Ch. 11 Plan Harms Creditor Setoff Rights, IRS Says

A Delaware bankruptcy judge should reject the Chapter 11 reorganization plan of discount clothing retailer Syms Corp. and its subsidiaries because the plan would bar creditors from asserting post-confirmation setoff rights, the Internal Revenue Service said Friday.
August 15, 2012
Macy's Moves To Block Syms' Sale Of Filene's IP

Macy's Inc. objected Wednesday to bankrupt clothing retailer Syms Corp.'s plan to sell intellectual property assets that include a licensing agreement with Macy's, which holds the trademarks of Syms subsidiary Filene's Basement LLC.
July 13, 2012
Syms Brings Creditors, Equity Together On Ch. 11 Plan

Bankrupt Syms Corp. won court approval Friday to send its reorganization plan to creditors for a vote after sealing a deal between shareholders and creditors on how to liquidate the defunct clothing retailer's valuable real estate.
July 06, 2012
Syms' Reorganization Plan Coming Together After Agreement

Ten days after reaching an agreement in principle following months of feuding, parties in Syms Corp.'s Chapter 11 case called on a Delaware judge Friday to determine the fate of Monday's scheduled hearing on the new plan's disclosure statement.
June 11, 2012
Syms Resorts To Mediation To Break Impasse On Ch. 11 Plan

With negotiations on its liquidation plan deadlocked, Syms Corp. has turned to mediation with warring shareholders and creditors to find a path out of bankruptcy, the defunct clothing retailer told a judge on Monday.