CORRECTED: $70M Deal In Filene's Ch. 11 OKed After Talks
By Hilary Russ
Law360, New York (November 4, 2009, 4:37 PM EST) -- A judge has given the green light to a $70 million stipulation agreement among several parties in the Filene's Basement Inc. Chapter 11 case that had faced objections by Fendi SRL because it threatened to limit how much the luxury company could recover in its counterfeiting lawsuit against the discount retailer. (Corrects an article published on Nov. 4.)
Judge Mary F. Walrath approved the deal between Filene's, its former parent Retail Ventures Inc., shoe retailer DSW Inc. and the official committee of unsecured creditors in her...