Sexual Health Chain Peekay Wins Ch. 11 Plan Confirmation

Law360, Wilmington (November 15, 2017, 8:48 PM EST) -- A Delaware bankruptcy judge agreed Wednesday to confirm sexual health and wellness retailer Peekay Acquisition Inc.’s Chapter 11 plan, which centers on a $30 million sale to senior lenders, commending the attorneys for running an efficient and “very, very positive” case.

During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon praised the counsel who worked on Peekay’s case, saying that bringing it from filing to confirmation in roughly 90 days with minimal conflicts not only saved money for the cash-strapped retailer but also preserved...
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