United Sporting Creditors Score 3 More Weeks To Find Buyer
Law360, Wilmington (July 1, 2019, 8:54 PM EDT) -- The official committee of unsecured creditors in the Chapter 11 case of firearm and outdoor equipment distributor United Sporting Cos. told a Delaware judge Monday it had reached a deal with the debtor to allow for another chance at finding a going-concern buyer for the debtor's assets for the next three weeks.
During a hearing in Wilmington, committee attorney Jeffrey Cohen of Lowenstein Sandler LLP said the resolution forestalled any argument on the committee's motion seeking to run its own sale process after United Sporting pivoted to a self-liquidation plan despite receiving interest from potential going-concern buyers, and it put off...
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