Judge Lets Eddie Bauer Hike Out Of Bankruptcy

Law360, New York (March 22, 2010, 7:02 PM EDT) -- A judge has signed off on Eddie Bauer Holdings Inc.'s restructuring plan, which liquidates the company's remaining assets following a summer sale to a private equity firm, setting the outdoor apparel retailer up to exit bankruptcy protection in the coming days.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware approved the plan, which includes a $286 million asset sale to San Francisco-based private equity firm Golden Gate Capital, at the conclusion of a confirmation hearing Thursday.

Eddie Bauer won approval...
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