$41.5M Versace Mansion Sale Approved By Bankruptcy Judge

Law360, New York (September 25, 2013, 4:46 PM EDT) -- A Florida bankruptcy judge has approved the $41.5 million sale of fashion icon Gianni Versace's former South Beach mansion to a company controlled by the family behind Jordache jeans, which also holds the mortgage on the property, according to documents filed Wednesday.

U.S. Bankruptcy Judge Laurel M. Isicoff signed off on the sale of the storied manor, finding the deal to be fair, free of fraud, and backed up by sound business judgment on the part of bankrupt Casa Casuarina LLC.

VM South Beach LLC, which...
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