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Pacific Sunwear of California, Inc.

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Case overview

Case Number:

1:16-bk-10882

Court:

Delaware

Nature of Suit:

Firms

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  1. November 29, 2016

    PacSun Gets OK To Pay $12.8M In Ch. 11 Professional Fees

    Pacific Sunwear of California Inc. received court approval in Delaware on Monday to pay nearly $13 million in professional fees incurred during the administration of its Chapter 11 bankruptcy case following a debt-for-equity swap that reduced the company's secured debt by $88 million.

  2. September 14, 2016

    PacSun Floats $400K Settlement In Break, OT Class Action

    Reorganized surf clothing retailer Pacific Sunwear proposed a settlement Wednesday in Delaware bankruptcy court with employees alleging they weren't paid for breaks or for after-hours closing responsibilities, planning to provide a mix of cash and store vouchers totaling $400,000 to the class of workers.

  3. September 08, 2016

    PE Firm Golden Gate Buys PacSun In Ch. 11 Restructuring

    Private equity firm Golden Gate Capital has acquired troubled Pacific Sunwear of California Inc. following PacSun's completion of a Chapter 11 reorganization plan earlier this week in bankruptcy court, the companies said on Wednesday.

  4. September 06, 2016

    PacSun Wins OK For Ch. 11 Plan With $88M Debt Swap

    Pacific Sunwear's Chapter 11 reorganization plan gained bankruptcy court approval Tuesday after a Delaware judge heard testimony about liability releases for the company's directors and officers.

  5. August 22, 2016

    PacSun Seeks To Nix $3.3M Post-Bankruptcy Wage Claim

    Bankrupt retailer Pacific Sunwear of California Inc. asked a Delaware bankruptcy court to reject a $3.3 million administrative claim filed by a former employee for wages the retailer allegedly skipped paying after filing for Chapter 11 protection in April, saying she can't assert the claims on behalf of some 1,800 workers.

  6. August 10, 2016

    PacSun Judge Rules Ex-Employees Don't Have Priority Claims

    A Delaware bankruptcy judge ruled Wednesday that former Pacific Sunwear of California Inc. workers asserting roughly $135 million in claims connected to damages for unpaid wages do not have administrative expense status, which would have placed them high among the order of recoveries to be paid out first.

  7. August 08, 2016

    PacSun Working On Objections Before Ch. 11 Plan Hearing

    Attorneys for bankrupt retailer Pacific Sunwear of California Inc. told a Delaware bankruptcy judge Monday that the company is working to resolve as many issues as it can ahead of its Wednesday confirmation hearing on a Chapter 11 plan of reorganization.

  8. August 08, 2016

    Bankruptcy Watchdog Challenges PacSun Reorg Plan

    A U.S. bankruptcy watchdog on Saturday filed court papers challenging PacSun's Chapter 11 plan of reorganization, saying the company's plan includes impermissible liability releases for the retailer's various lenders.

  9. July 26, 2016

    PacSun Resolves $2.4M Retirement Claim With Ex-CEO

    Sportswear retailer PacSun has resolved a dispute with the company’s former chief executive Sally Fram Kasaks over a $2.4 million claim she asserted over unpaid retirement benefits, according to court papers filed Tuesday in Delaware bankruptcy court.

  10. July 15, 2016

    PacSun Says Workers Desperate For Rep For Wage Claims

    PacSun told a Delaware bankruptcy court that a proposed new class of workers with wage priority claims is a "cart-before-the-horse error" — defining the class and then "desperately searching" for someone who fits the description to be the class representative, according to an objection filed Friday.

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