Fresh & Easy Ch. 11 Plan Includes $21.5M From PE Arm
Law360, Wilmington (February 2, 2017, 9:03 PM EST) -- Former food and grocery chain Fresh & Easy LLC proposed a streamlined review for a newly filed, combined Chapter 11 disclosure and liquidation plan Thursday, with much of the proposal built around a $21.5 million settlement of creditor and company disputes.
The bankrupt business said in supporting motions that substantially all of its property and other assets already have been sold, with only about $25 million left for distribution and only the global agreement standing between a quiet end to the case and endless litigation.
Terms of the deal include a settlement payment of about $21.5 million to the company by...
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