Steve & Barry's Stays In Business For Now

Law360, New York (July 31, 2008, 12:00 AM EDT) -- Despite rumors of an eventual liquidation, bankrupt retailer Steve & Barry’s LLC will remain in business for the time being, after the bankruptcy court approved a handful of requests that will keep the stores’ doors open.

On Tuesday, Judge Allan L. Gropper of the U.S. Bankruptcy Court for Southern District of New York signed final orders granting Steve & Barry’s permission to use existing cash management systems and bank accounts and continue their workers’ compensation and other insurance programs.

The orders will keep Steve & Barry’s...
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