GNC's Bidding Procedures OK'd After Extending Sale Timeline

Law360 (July 22, 2020, 9:28 PM EDT) -- Bankrupt vitamin and supplement retailer GNC Holdings Inc. received court approval for its proposed Chapter 11 bidding procedures Wednesday after telling a Delaware judge that it has pushed back a deadline to seek approval of a stalking horse bid, extending the proposed sale process by one week.

During a hearing conducted virtually, debtor attorney Caroline A. Reckler of Latham & Watkins LLP said GNC will have until Aug. 3 to submit a stalking horse agreement and seek approval of bid protections for that baseline bidder. The change allayed concerns raised by unsecured creditors over the quick timeline originally proposed by the...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!