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Rockport Opens Del. Ch. 11 Suit To Block $54M Claim

Law360 (July 10, 2018, 10:01 PM EDT) -- The Rockport Co. LLC opened a Chapter 11 adversary suit against former owners Adidas AG and Reebok International Ltd. on Tuesday, aiming to shut down claims that entities created after the company's bankruptcy sale are jointly and severally liable for up to $54 million in post-closing adjustments.

Rockport said in its filing that the Adidas and Reebok's claims have jeopardized a $150 million sale to CB Marathon OpCo LLC — an affiliate of Boston private equity firm Charlesbank Capital Partners LLC. According to the debtor, the...
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