Suit Maker Hartmarx Pushes For $85M Asset Sale

Law360, New York (May 22, 2009, 12:00 AM EDT) -- Bankrupt clothier Hartmarx Corp. has asked a judge to approve the $85.5 million sale of substantially all of its assets to private investment firm Emerisque Brands UK Ltd., on the heels of an adversary suit brought by former licensing partner Perry Ellis International Inc. alleging trademark infringement and unfair business practices.

According to the motion, filed Thursday in the U.S. Bankruptcy Court for the Northern District of Illinois, Emerisque and SKNL North America BV would pay $70.5 million in cash and no less than $15 million...
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