Objections Pile Up Over Wickes Lease Sale

Law360, New York (March 10, 2008, 12:00 AM EDT) -- Scads of objections have been filed opposing a bid by national furniture retailer Wickes Furniture Co. Inc. to sell off its lease designation rights.

Wickes filed court documents earlier this month saying that it planned to sell its lease designation rights to Retail Consulting Services Inc., Hudson Capital Partners LLC, Crystal Capital Fund LP and Julius M. Feinblum Real Estate Inc. for $3.5 million.

An auction will ultimately decide who buys the rights to Wickes' leases. A hearing on the matter is scheduled for Tuesday in...
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