Aerogroup Judge Grows Impatient With Settlement Bickering
Law360, Wilmington (April 23, 2019, 7:05 PM EDT) -- A Delaware bankruptcy judge seemed miffed Tuesday that creditors of bankrupt women's shoe retailer Aerogroup continue to bicker over $4 million in litigation settlement proceeds, weeks after he ruled on another dispute over distribution of about $24 million from a Chapter 11 sale.
At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin J. Carey expressed disappointment that prepetition secured lender THL Corporate Finance Inc. and debtor-in-possession lender Polk 33 Lending LLC were unable to resolve a fight over $4.2 million in proceeds from Aerogroup International Inc.’s proposed legal settlement with Global Brands Group Holding Ltd. over a scuttled sale of the...
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