Judge Awards Losing London Fog Bidder Breakup Fee

Law360, New York (September 25, 2006, 12:00 AM EDT) -- After losing the auction for London Fog Group Inc.’s famed trademark, the former stalking horse bidder for the recognizable name brand has been awarded a $400,000 breakup fee for its trouble.

A Nevada judge signed off on the award last week for the joint venture of Gordon Brothers Group LLC, Osgoode Financial Inc. and Hilco Brothers Inc., which had appeared the likely winner of the beleaguered rainwear maker’s signature mark.

The Gordon-Hilco venture had originally signed an asset purchase agreement with bankrupt London Fog for $15...
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