Eddie Bauer's Disclosure Statement Greenlighted

Law360, New York (January 29, 2010, 5:20 PM EST) -- Bankrupt retailer Eddie Bauer Holdings Inc. has scored court approval of a disclosure statement that would pave the way for the company to exit Chapter 11 protection as early as mid-March, in part by relying on the proceeds of its $286 million asset sale to Golden Gate Capital.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware signed off on the company's disclosure statement detailing its reorganization on Thursday, saying it was in the best interest of the company and its...
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