How The Gordmans Stores Bankruptcy Will Affect Landlords

Law360, New York (March 17, 2017, 4:08 PM EDT) -- On March 13, 2017, Gordmans Stores Inc.  —a value-priced department store chain with over 100 locations in 22 states — and certain of its affiliates filed petitions for Chapter 11 bankruptcy protection in Nebraska. Although Gordmans considered bids from several parties prior to the bankruptcy filing for both (i) a potential going-concern sale and (ii) a liquidation, Gordmans ultimately determined that a joint bid by Tiger Capital Group LLC, and Great American Group LLC (together, the “liquidating agents”), to liquidate its stores and other assets offered...
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.