Landlords Say Eastern Outfitters DIP Budget Ignores Rent
Law360, New York (March 17, 2017, 4:45 PM EDT) -- Landlords holding leases for Eastern Outfitters LLC retail locations slated for liquidation objected Friday in Delaware bankruptcy court to the company's proposed final post-petition financing order, saying they haven't been given confirmation that the stub rent for those stores will be covered by the debtor-in-possession budget.
The group of landlords holds leases for seven Eastern Mountain Sports locations in the northeastern United States and say that it is working with the debtor and the DIP lenders to ensure that stub rent for February is included in the final budget for the financing package, but they have not been given a firm...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!