Trustee Seeks High Court Review Of Garment Antitrust Suit

Law360, Washington (January 27, 2012, 7:15 PM EST) -- Factory 2-U Stores Inc.'s Chapter 7 trustee asked the U.S. Supreme Court last week to revive his antitrust suit alleging a group of banks that finance transactions between garment retailers and manufacturers forced the company into bankruptcy.

Trustee Jeoffrey L. Burtch has been trying to revive his suit against the bank lenders, known as “factors,” since a Delaware federal court first dismissed it in May 2009. But the Third Circuit ruled in October that the district judge was correct in finding that the trustee did not...
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