Discount Retailer Loehmann's Files For Ch. 11 Protection

Law360, New York (December 16, 2013, 1:55 PM EST) -- Discount designer retailer Loehmann's Holdings Inc. on Sunday filed for Chapter 11 bankruptcy protection for the third time, listing as much as $100 million in assets and as much as $500 million in liabilities.

The New York-based store, which is majority owned by investment management firm Whippoorwill Associates Inc., hopes to sell "substantially all" of its assets, and has hired liquidators SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty Partners LLC in order to help with the sale, according to a board resolution...
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