Linens 'n Things Said To Be Eyeing Bankruptcy

Law360, New York (April 11, 2008, 12:00 AM EDT) -- Housewares chain Linens 'n Things is reportedly planning to file for bankruptcy and has hired a restructuring firm to guide the process.

The Wall Street Journal reported Friday that several people familiar with the matter said the company was planning to file for Chapter 11 protection by Tuesday. The New York Post had a similar report earlier in the week. The several reports cited anonymous sources.

However, a source told Reuters Friday that bankruptcy is “on the table,” but is one of many options the company...
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.