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Toys R Us Gets OK On Store Closures, Employee Bonuses

Law360 (February 7, 2018, 4:05 PM EST) -- A Virginia bankruptcy judge on Tuesday signed off on Toys R Us’ plan to close more than 180 stores nationwide and make $6.8 million in bonus payments to employees of the doomed stores.

Last month, the chain asked the court for authorization to close up to 182 of its approximately 880 Toys R Us and Babies R Us stores — constituting approximately 6.9 million square feet of retail space — beginning this month, saying that the stores either had failed to meet company performance goals or...
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Case Information

Case Title

Toys "R" Us, Inc.


Case Number

3:17-bk-34665

Court

Virginia Eastern

Nature of Suit

Date Filed

September 19, 2017

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