Wickes Reaches $1.25M Settlement With Deloitte

Law360, New York (July 25, 2008, 12:00 AM EDT) -- Bankrupt furniture retailer Wickes Furniture Co. Inc. has asked the bankruptcy court overseeing its case to approve a $1.25 million settlement with Deloitte Consulting LLP, putting to rest a lawsuit Wickes brought against the financial consulting firm before it entered into Chapter 11.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Wickes revealed that it had reached a settlement agreement with Deloitte Consulting on July 18, under which the consulting firm agreed to pay Wickes and drop its claim...
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