Syms Examiner Fight Delayed For Ch. 11 Plan Talks

Law360, Wilmington (January 24, 2012, 9:27 PM EST) -- A Delaware bankruptcy judge on Tuesday postponed a hearing on Syms Corp.’s bid for an examiner to probe alleged misconduct by the defunct retailer’s management to allow for talks between the debtors and disgruntled minority shareholders on a Chapter 11 plan.

In December, Syms asked the court to tap the examiner so an independent party could weigh potential claims — first raised by shareholders — for breach of fiduciary duty and mismanagement against the clothing retailer’s directors and officers.

But an equity committee representing minority shareholders...
To view the full article, register now.




Case Information

Case Title

Filene's Basement, LLC

Case Number




Nature of Suit

Date Filed

November 2, 2011

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.