NJ Judge OKs Liquidation Of Bankrupt Dots Stores

Law360, New York (February 27, 2014, 7:30 PM EST) -- A New Jersey bankruptcy judge on Thursday cleared the way for liquidation firm Gordon Brothers Retail Partners LLC to handle closeout sales for the bankrupt discount clothing retailer Dots LLC and start shutting down Dots’ nearly 360 stores across the U.S.

U.S. Bankruptcy Judge Donald H. Steckroth on Thursday approved a sale motion and agency agreement under which Gordon Brothers will oversee the final sale of the retail chain, unloading between $65 million and $75 million worth of Dots merchandise and other assets, through “going out...
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