Loehmann's Inventory, IP Sales Get Bankruptcy Judge's OK

Law360, New York (January 7, 2014, 5:50 PM EST) -- Loehmann’s Holding Corp. on Tuesday received a bankruptcy judge’s approval to sell a portion of its assets, including inventory and intellectual property rights, for $16.4 million to a joint venture of three liquidators and a hedge fund.

The assets will be sold separately, with the inventory, furniture, fixtures and equipment being sold to liquidators SB Capital Group LLC, Tiger Capital Group LLC and A & G Realty Partners LLC. The IP rights are going to Esopus Creek Value Series Fund LP. The combined sales total $16.4...
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