Blockbuster Gets Green Light To Close Stores

Law360, New York (January 20, 2011, 6:36 PM EST) -- A bankruptcy judge on Thursday said Blockbuster Inc. could go ahead with a plan to close dozens of stores over landlords' objections, just a day after granting the video store chain more time to file a Chapter 11 reorganization plan.

The rulings were part of a series of orders issued by Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York over the course of two days.

On Thursday, Judge Lifland also denied class certification to a group of Blockbuster...
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