Syms Landlords Blast Approval Of $30M HQ Lease Sale

Law360, Wilmington (May 1, 2014, 9:04 PM EDT) -- The landlords of Syms Corp.'s New Jersey headquarters lodged an emergency request late Wednesday for a Delaware bankruptcy judge to rethink his decision to allow the reorganized debtor’s $30 million sale of the property’s lease rather than honor their previous deal, arguing the court’s opinion contained “defects.”

In a motion before the Delaware bankruptcy court, landlords Hartz Mountain Industries Inc. and 99 Hudson TIC II LLC — which have contended that the company formerly known as Syms is still bound by an earlier agreement to sell...
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