Syms Rips Cushman's $1.25M Termination Fee Request

Law360, New York (November 16, 2012, 8:00 PM EST) -- Defunct clothing retailer Syms Corp. blasted its former real estate broker Cushman & Wakefield Inc. on Thursday for requesting its $1.25 million termination fee five months too early, saying deals executed in the interim could incur fees that would reduce the amount Cushman is owed.

Syms and subsidiaries including Filene's Basement LLC don't deny that they are obligated to pay Cushman a termination fee after firing the New York-based commercial real estate broker last month.

However, in an objection filed in Delaware bankruptcy court Thursday, the...
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