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Filene's Basement Blasts Ex-CEO Syms' Bid For Severance

Law360, New York (February 5, 2016, 10:10 PM EST) -- Filene's Basement is fighting an attempt by Marcy Syms, former chief of the retailer’s corporate parent Syms Corp., to recover severance from the company, calling the request a “cash grab” in documents filed Friday in Delaware bankruptcy court.

The retailer is objecting to claims Syms has filed that seek to recover $15,677 in payroll prior to the company’s 2011 Chapter 11 filing and $145,577 in severance. In court papers, Filene’s Basement said Syms is already entitled to a settlement worth nearly $17.8 million as part of...
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Case Information

Case Title

Filene's Basement, LLC


Case Number

1:11-bk-13511

Court

Delaware

Nature of Suit

Date Filed

November 2, 2011

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