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Mervyn's Could Be Newest Entry In Bankruptcy March

Law360 (July 22, 2008, 12:00 AM EDT) -- Mervyn's LLC may be the latest in the long line of private equity-owned companies to file for bankruptcy protection this year, according to news reports.

Mervyn's is considering Chapter 11, The Wall Street Journal reported Monday. The company's vendors have halted shipments and its lenders have cut off loans.

Sharper Image Corp., Linens n' Things Inc. and Steve & Barry's LLC are all private equity-owned retail chains that have filed for Chapter 11 since February as the slowing economy takes its toll.

Several other sectors —...
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