Fred Leighton Gets OK To Sell Business Ops For $26M

Law360, New York (November 3, 2009, 1:47 PM EST) -- A judge has approved the sale of bankrupt jeweler Fred Leighton Holding Inc.’s business operations for $25.8 million in cash to investors including a group of private equity firms and estate jewelry seller Windsor Jewelers Inc., allowing for a quick change in ownership ahead of the holiday shopping season.

Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District of New York on Monday approved the sale of business and inventory assets to a group of two investor consortiums, including Sima G. Ltd....
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