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TSAWD Holdings, Inc., et al

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Case overview

Case Number:

1:16-bk-10527

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 05, 2016

    Sports Authority Lender To Appeal Consignment Sale Process

    The agent for Sports Authority's $300 million secured term loan said Wednesday it plans to appeal the bankruptcy court's order governing consignment sales, a hotly contested issue in the case, arguing little has been done to protect its potential recoveries connected to the issue.

  2. April 04, 2016

    Sports Authority Denied Fast Track For Consignment Deal

    A Delaware bankruptcy judge declined Monday to expedite Sports Authority's proposed settlement with some of its consignment vendors over proceeds, after the agent for the debtor's $300 million secured term loan took issue with its terms and the speed at which the deal was moving.

  3. April 01, 2016

    Sports Authority Floats Consignment Vendor Deal In Ch. 11

    Bankrupt retailer Sports Authority proposed a settlement agreement with consignment vendors on Friday, outlining a plan to continue selling goods provided by the vendors and potentially ending more than 160 adversary proceedings in its Chapter 11 case.

  4. March 31, 2016

    Creditors Say Sports Authority Doesn't Need $595M DIP Loan

    Unsecured creditors of Sports Authority objected to the company's Chapter 11 debtor-in-possession financing motion Thursday, saying the $595 million loan is unneeded because the company has enough cash to operate through bankruptcy.

  5. March 25, 2016

    Sports Authority Landlords Say $20M Cost Not Covered

    A group of landlords that lease retail space to Sports Authority have filed papers in Delaware bankruptcy court demanding the company immediately pay March rent, saying the retailer doesn't have a plan in place to pay approximately $20 million in unsecured financing the landlords are on the hook for.

  6. March 18, 2016

    Sports Authority May Shape Future Of Retailer Ch. 11s

    Sports Authority's bitter dispute with consignment sellers over proceeds has the potential to shape the role of vendors in retail Chapter 11s for years to come, and the results of the fight could send shocks to an already weak sector, bankruptcy experts say.

  7. March 16, 2016

    Vendor Dispute Explodes In Sports Authority Ch. 11

    The smoldering conflict between Sports Authority and its consignment vendors, and what to do with the proceeds from their goods, exploded in a Delaware bankruptcy courtroom Wednesday, with neither side appearing to back down and no consensual resolution in sight as the case hit a crucial crossroads.

  8. March 11, 2016

    Pachulski Stang To Rep Sports Authority Creditors

    Pachulski Stang Ziehl & Jones LLP confirmed Friday that it has been tapped to represent Sports Authority's official committee of unsecured creditors, a group that includes major sportswear companies Nike and Asics America.