Jennifer Convertibles, Ashley Spar Over Ch. 11 Plan

Law360, New York (January 25, 2011, 7:52 PM EST) -- A dispute with Ashley Furniture Industries Ltd. over continued use of the company's trademark for certain stores threw a wrench into bankrupt retailer Jennifer Convertibles Inc.'s hopes to win approval for a restructuring plan Tuesday.

Judge Allan L. Gropper refrained from making a decision on confirmation of the plan during a hearing in the U.S. Bankruptcy Court for the Southern District of New York after counsel for Ashley raised ire over the assumption of trademark usage agreements. He is expected to issue a ruling in the...
To view the full article, register now.