More Landlords Balk At Circuit City DIP Deal

Law360, New York (December 2, 2008, 12:00 AM EST) -- Two more landlords have filed an objection to Circuit City Stores Inc.'s debtor-in-possession financing plan, seeking to halt the company's ability to cancel any nonresidential leases that were part of the DIP financing.

Monday's filing, by Eatontown Commons Shopping Center of New Jersey and South Barrington Shopping Center of Illinois, follows a slew of filings by landlords seeking to stop the approval of Circuit City's $1.1 billion DIP financing plan.

Judge Kevin R. Huennekens of the U.S. Bankruptcy Court for the Eastern District of Virginia gave...
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