Judge OKs Sale Of Whitehall Jewelers Stores

Law360, New York (August 29, 2008, 12:00 AM EDT) -- A week after it was announced, the sale by bankrupt Whitehall Jewelers Inc. of several of its stores to New Zealand-based jeweler Michael Hill International Ltd. is a done deal, with a judge's approval in place.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware signed off on the deal Thursday. Michael Hill agreed to buy 17 stores in the U.S. Midwest from Whitehall for $5 million (NZD $7 million), marking the Kiwi company's foray into the U.S. marketplace.

“Time is of...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.