Bankrupt Fox & Hound Gets Nod For $125M Cerberus Sale

Law360, Wilmington (February 28, 2014, 8:23 PM EST) -- Bankrupt F&H Acquisition Corp., parent of the Fox & Hound and Champps restaurant chains, won approval Friday for a $125 million sale to junior lenders led by Cerberus Business Finance LLC, after a Delaware bankruptcy judge overruled an objection to a settlement underpinning the deal.

F&H argued that the sale — conditioned on approval of a global settlement — would save 5,000 jobs and preserve the business as going concern under a strong buyer, but the U.S. trustee objected, saying the settlement violated the Bankruptcy Code...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.