Jeweler's $6M Claim Barred By Licensing Deal, Filene's Says

Law360, New York (August 28, 2012, 2:02 PM EDT) -- Filene's Basement LLC on Monday asked a Delaware bankruptcy judge to reject the temporary allowance of a $6.3 million lost-profits claim of a jewelry company with which it had an exclusive licensing agreement, arguing that the claim is barred in its entirety by the contract.

Ultra Stores Inc. had asked the court to temporarily allow the claim so that the company could vote on Filene's second amended Chapter 11 plan. Ultra had been the exclusive jewelry provider at certain Filene's stores throughout the country and claimed...
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