Linens 'N Things Gets OK To Close 57 More Stores

Law360, New York (August 15, 2008, 12:00 AM EDT) -- Linens 'N Things got a green light to shutter 57 underperforming stores in addition to the ones it announced it would close when it filed for bankruptcy in May, pushing the number of stores the home products retailer will close up to 177.

U.S. Bankruptcy Judge Mary Walrath signed off Thursday on an order approving the liquidation agreement and sale, ruling that the closings of the stores was in the best interest of the debtors' estate.

Pursuant to the approval order, a joint venture between Hilco...
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.