Landlords Object To Blockbuster Store Closings

Law360, New York (January 6, 2011, 8:52 PM EST) -- A group of landlords has filed an objection in bankruptcy court to Blockbuster Inc.’s plans to close dozens of stores in the coming months, saying they need more concrete timelines and specifications from the ailing movie rental company.

Centro Properties Group, Federal Realty Investment Trust, UBS Realty Investors and other landlords said Blockbuster was pushing an open-ended plan that did not comport with the typical practices of professional liquidators, according to an objection filed Wednesday in the U.S. Bankruptcy Court for the Southern District of New...
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