We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Value City Creditors Want Look At Ex-Owner's Books

Law360 (June 8, 2009, 12:00 AM EDT) -- Creditors of bankrupt Value City Holdings Inc., the bargain retailer that went belly-up and won permission to liquidate, are seeking an examination of prepetition owner Retail Ventures Inc. to identify potential assets.

The bid for a Rule 2004 examination, filed Friday in the U.S. Bankruptcy Court for the Southern District of New York, says Retail Ventures received more than $2 million in transfers from the debtors April 8 to July 11 of last year.

And, during the year before the petition date, Retail Ventures received from...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.