Friedman's Objects To Whitehall Motion For Sale

Law360, New York (August 7, 2008, 12:00 AM EDT) -- Bankrupt jeweler Friedman's Inc. and subsidiary Crescent Jewelers have challenged parent company Whitehall Jewelers Holdings Inc.'s bid to sell its remaining assets, claiming that Whitehall has not paid all of the cure amounts it owes on leases that it agreed to assume.

In a motion filed on Wednesday in the U.S. Bankruptcy Court for the District of Delaware, Friedman's and Crescent objected to Whitehall's sale motion on the grounds that the jeweler had not fulfilled its obligations under an agreement that transferred several Friedman's store leases...
To view the full article, register now.