Judge OKs Sale Of Boscov's To Family-Led Group

Law360, New York (November 21, 2008, 12:00 AM EST) -- A bankruptcy court judge on Friday approved the sale of virtually all the assets of discount retailer Boscov's Department Store LLC to a Boscov family consortium, just one day after Pennsylvania Gov. Ed Rendell and two cities in the state pledged more than $40 million in aid to the consortium.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware gave the go-ahead to the sale, saying that the deal was in “the best interest of the debtors, their estates, their creditors and...
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