Bankrupt Grocer Fresh & Easy Gets Go-Ahead For Auction

Law360, Wilmington (October 24, 2013, 4:20 PM EDT) -- A Delaware bankruptcy judge on Thursday approved bidding procedures that will allow for the Chapter 11 sale of Fresh & Easy Neighborhood Market Inc., with a unit of private equity firm Yucaipa Cos. LLC lined up as the stalking horse bidder.

At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin J. Carey gave his blessing to a proposed Section 363 sale process that would wrap up a sale of the high-end grocer by the end of November.

“Based on the record that's been made and the...
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