Tully's Coffee Estate Gets Initial Nod For Liquidation Plan

Law360, New York (September 27, 2013, 4:28 PM EDT) -- Seattle-based TC Global Inc., which sold its chain of Tully's Coffee Shops to “Grey's Anatomy” star Patrick Dempsey earlier this year, won conditional approval from a Washington bankruptcy judge Thursday for a disclosure statement and Chapter 11 liquidation plan to distribute its remaining assets.

U.S. Bankruptcy Judge Karen A. Overstreet gave her conditional blessing to the combined document despite the objection of five former employees who argued that the disclosure statement inaccurately characterized their claims.

TC Global amended the document earlier this week at the direction...
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