Judge Gives Thumbs-Up To Steve & Barry's Sale

Law360, New York (August 25, 2008, 12:00 AM EDT) -- The judge presiding over the bankruptcy proceedings for clothing retailer Steve & Barry's LLC has signed off on the company's plan to sell its assets to an affiliate of investment firm Bay Harbour Management for $168 million.

Judge Allan L. Gropper of U.S. Bankruptcy Court for the Southern District of New York approved the sale on Friday, the day after BHY S&B Holdings LLC, a newly formed affiliate of Bay Harbour and York Capital Management, won an auction for the company.

The new owner said last...
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