Fred Leighton Sets Terms For $70M Asset Sale

Law360, New York (September 16, 2009, 3:26 PM EDT) -- Bankrupt jeweler Fred Leighton Holding Inc. has filed a purchase agreement that will be used as a template for the sale of substantially all its assets for at least $70 million.

The filing, which came Sept. 15 in the U.S. Bankruptcy Court for the Southern District of New York, calls for most of the famed jeweler's stock, intellectual property and physical stores to be sold in any transaction. Bidders have until Sept. 18 to post their bids.

Judge Robert D. Drain approved the bidding procedure Aug....
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