$22M Sale Of Bankrupt Big M's Assets Gets Judge's OK

Law360, New York (May 23, 2013, 6:07 PM EDT) -- A New Jersey bankruptcy judge on Thursday signed off on Canadian clothing retailer YM Inc.'s $22 million purchase of the assets of rival Big M Inc., the bankrupt owner of the clothing stores Mandee, Annie Sez and Afaze.

U.S. Bankruptcy Judge Donald Steckroth's approval of the sale comes two weeks after Big M asked the court to cancel a planned auction since YM's $22 million stalking horse bid was the only offer to come in ahead of the court's May 6 deadline.

It paves the way...
To view the full article, register now.




Case Information

Case Title

Big M, Inc.

Case Number



New Jersey

Nature of Suit

Date Filed

January 5, 2013

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.