Fred Leighton Plan Settles Merrill, Family Claims

Law360, New York (October 12, 2009, 7:49 PM EDT) -- Bankrupt jeweler Fred Leighton Holding Co. has filed a Chapter 11 plan of reorganization that includes a court-supervised asset sale, an auction of some of its jewelry stock and a settlement with dissident family members who had been involved in extensive and contentious litigation.

The plan, filed Friday in the U.S. Bankruptcy Court for the Southern District of New York, names a group including Och-Ziff Capital Investments LLC, Kwiat Enterprises LLC and Triton Equity Partners LLC as the “purchaser's designee” for an asset sale scheduled for...
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