KB Gets OK For $96M Sale Of Supermarkets To Acme

Law360 (October 23, 2020, 6:20 PM EDT) -- A New York bankruptcy judge Friday approved the sale of more than two dozen Kings Food and Balducci's supermarkets to grocery chain Acme Markets for $96.4 million, overriding concerns some creditors had with the purchase.

At a remote hearing, U.S. Bankruptcy Judge Sean Lane rejected objections from the unsecured creditors committee concerning legal claims that the sale will transfer from KB US LLC to Acme and approved the deal, which will see Acme begin to take control of the grocery stores beginning in late December.

KB and nine affiliates filed for Chapter 11 protection on Aug. 23, saying increased competition in 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!