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Judge OKs 1st-Day Motions In KB Toys Ch. 11

By Christine Caulfield (December 12, 2008, 12:00 AM EST) -- A bankruptcy judge has granted KB Toys Inc.'s first-day Chapter 11 motions to draw on cash collateral, pay its employees and satisfy certain prepetition claims as the toy retailer prepares to close its doors for good....

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