Charlotte Russe Floats $5M Ch. 11 Sale Of IP, Lease Assets
Law360 (March 19, 2019, 8:32 PM EDT) -- Bankrupt women’s clothing and accessories retailer Charlotte Russe Holding Inc. asked a Delaware bankruptcy judge Tuesday for permission to sell its remaining intellectual property and real estate lease assets for $5 million after completing a $59 million liquidation transaction for its more than 500 stores earlier this month.
In the motion, Charlotte Russe said it had reached terms for a sale of the remaining assets with buyers YM Inc. and CR LLC on Tuesday after several weeks of negotiations that began during breaks in the debtor’s March 5 all-asset auction, which did not include the intellectual property or unexpired lease assets....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!