Crumbs Sale To Joint Venture Wins Court Approval

Law360, Los Angeles (August 26, 2014, 5:43 PM EDT) -- A New Jersey bankruptcy judge on Tuesday signed off on the $6.5 million acquisition of bankrupt Crumbs Bake Shop Inc. by a joint venture between television investment guru Marcus Lemonis and the owner of ice cream chain Dippin' Dots, days after Crumbs canceled a planned auction for lack of competing suitors.

U.S. Bankruptcy Judge Michael B. Kaplan approved the sale during a hearing, Michael D. Sirota of Cole Schotz Meisel Forman & Leonard PA, one of Crumbs' attorneys, confirmed to Law360. The judge's approval effectively marks the end of Crumbs' brief stint in Chapter 11 after an acute liquidity shortage forced...

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!

TRY LAW360 FREE FOR SEVEN DAYS