Court Clears Way For Linens 'N Things Sale

Law360, New York (October 13, 2008, 12:00 AM EDT) -- Bankrupt home goods retailer Linens 'N Things Inc. has chosen a stalking horse bidder for the sale of nearly all of its assets, which is set to take place this week.

Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware on Friday granted Linens' motion to sell its assets. The stalking horse bidder will be a joint venture of Gordon Brothers Retail Partners LLC, Great American Group LLC, Hillco Merchant Resources LLC, Hudson Capital Partners LLC, SB Capital Group LLC and Tiger...
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