Fresh & Easy Ch. 11 Plan, Disclosure Confirmed In Del.
Law360, New York (April 28, 2017, 6:37 PM EDT) -- Shuttered, twice-bankrupt food chain Fresh & Easy secured a Delaware judge's confirmation Thursday of its Chapter 11 windup plan, in a development largely made possible by an earlier settlement with a key private equity investor.
Substantially all property and assets of the company already have been sold, with only about $25 million left for distribution at the time of the settlement with YFE Holdings Inc., an affiliate of private equity Yucaipa Cos.
Judge Brendan L. Shannon said in his opinion that "there is no reason for delay" in putting the plan into motion immediately.
Amir Agam, senior managing director of FTI...
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