LNT Trustee, Conair Settle $13M Adversary Case
Under the settlement, filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Conair agreed to pay LNT $295,000 and to drop its $3.1 million claim against the retailer's parent company, Linens Holdings Co.
LNT launched its adversary proceeding against Conair in April 2009, seeking the return of what it said were preferential transfers.
LNT filed for Chapter 11 bankruptcy protection in...
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