January 04, 2024
The Second Circuit has declined to revisit a panel's decision to restore claims against Nine West in a Chapter 11 lawsuit brought by bankruptcy trustees alleging the women's clothing retailer initiated $78 million in fraudulent payroll transfers.
February 25, 2019
Following months of creditor fighting over the reorganization of Nine West Holdings Inc., a New York bankruptcy judge on Monday approved a revised Chapter 11 plan for the fashion company after shareholders increased a settlement with unsecured creditors to $120 million.
February 04, 2019
A multiweek trial over the permissibility of a plan to carry Nine West Holdings Inc. out of Chapter 11 bankruptcy kicked off Monday in New York as lawyers for the distressed women's fashion company defended the restructuring proposals against attacks over maneuvers by private equity owner Sycamore Partners.
February 01, 2019
Ahead of a multiweek trial over the fairness of its plan to reorganize in Chapter 11 proceedings, Nine West Holdings Inc. said Friday that its proposal to distribute $785 million to creditors should be approved, calling it the best result reached after months of hard-fought stakeholder negotiations.
January 10, 2019
A New York bankruptcy judge on Thursday approved $22 million in new debtor-in-possession financing for fashion company Nine West Holdings Inc. after two creditor groups dropped their objections to the proposal.
January 04, 2019
Creditors of fashion company Nine West Holdings Inc. asked a New York bankruptcy court Thursday to reject the company's bid for $22 million in new debtor-in-possession financing, saying there is a better proposal on the table.
December 05, 2018
Nine West Holdings Inc. has asked a New York bankruptcy court to approve an additional $22 million in debtor-in-possession financing, saying it now expects to exit its contentious Chapter 11 at least a month later that it originally planned and needs the additional cash.
November 09, 2018
A New York bankruptcy judge on Friday appointed a mediator to try to resolve disputes between Nine West Holdings, owner Sycamore Partners and a number of the company's creditors over the fashion retailer's Chapter 11 plan.
November 08, 2018
The federal bankruptcy watchdog blasted Nine West Holdings Inc.'s Chapter 11 proposal on Wednesday over a perceived lack of detail on crucial provisions, a move that comes as a growing chorus of creditors has vehemently rejected the plan's linchpin, a $105 million settlement with Nine West owner Sycamore Partners.
September 11, 2018
An unsecured noteholders group in the Nine West Holdings Chapter 11 case told a New York bankruptcy court Monday that it has been told the company has offered to settle any estate claims against Sycamore Partners and KKR Capital Management for $470 million.