Diamond Wholesaler Objects To Fortunoff Sale

Law360, New York (February 21, 2008, 12:00 AM EST) -- Diamond wholesaler Verstandig & Sons Inc. filed a limited objection on Wednesday to the sale of bankrupt Fortunoff Fine Jewelry and Silverware LLC, alleging that Fortunoff is still in possession of Verstandig property that it intends to sell along with other assets as part of the general sale proposal.

Verstandig's motion lays out several possibilities for ensuring that its consigned property, which consists of 39 diamonds worth no less than $343,000, does not get lost in the general shuffle of the Fortunoff sale.

The wholesaler requests...
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