Grocery Chain Aims For Quick Ch. 11 Sale To Yucaipa Unit

Law360, Wilmington (October 01, 2013, 5:51 PM ET) -- A Delaware bankruptcy judge gave grocery chain Fresh & Easy Neighborhood Market Inc. the interim nod for a slate of first-day motions Tuesday, as the company, which is losing $22 million per month, hopes for a speedy stalking horse sale to a Yucaipa Cos. LLC affiliate.

At the company's first-day hearing in Wilmington, Fresh & Easy did not ask for any post-petition loan or use of cash collateral to fund the case, contending it had enough money to see it through a proposed auction with Yucaipa...
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