Law360 (March 20, 2009, 12:00 AM EDT) -- Almost four months after filing for bankruptcy protection, giftware and collectibles company Lenox Group Inc. has finalized a deal to emerge from Chapter 11 by selling its assets to private investment firm Clarion Capital Partners LLC for approximately $100 million.
The "New Lenox," which includes the Lenox, Dansk, Gorham and Department 56 brands, will now operate outside of Chapter 11 bankruptcy after a group led by Clarion won the bankruptcy auction to acquire Lenox's assets in February, the companies announced Monday.
"We are in a position to hit the ground running and look forward to continuing the Lenox heritage and tradition...
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!