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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

Companies

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  1. July 12, 2016

    PacSun Shouldn't Cap $135M Claim in Ch. 11, Ex-Workers Say

    Two former PacSun employees representing staffers in wage litigation have urged a Delaware bankruptcy judge to reject PacSun's bid to cap the potential payout at just over half a million dollars as opposed to the $135 million sought.

  2. June 27, 2016

    Pacific Sunwear Gets OK On Ch. 11 Disclosure Statement

    Bankrupt clothing retailer Pacific Sunwear of California Inc. received court approval Monday for its disclosure statement outlining an $88 million debt-for-equity swap with prepetition lenders.

  3. June 22, 2016

    PacSun Workers Allowed To Assert Class Claims In Ch. 11

    A Delaware bankruptcy judge on Wednesday gave two former PacSun employees the green light to file claims for as much as $135 million against the retailer on behalf of thousands of staffers for allegedly unpaid wages and damages.

  4. June 17, 2016

    PacSun Axes Ch. 11 Auction For $88M Debt-Equity Swap

    Pacific Sunwear of California Inc. told the Delaware bankruptcy court Friday that it cancelled its auction and is set to go with an $88 million debt-for-equity swap with affiliates of Golden Gate Capital that acted as a stalking horse offer to spur bidding on the national retail chain.

  5. May 20, 2016

    PacSun Workers Say Ch. 11 Overlooks $90M In Unpaid Wages

    Employees claiming PacSun owes them $90 million in unpaid wages told a Delaware bankruptcy court on Thursday the retailer had glossed over their claims, and argued the nascent Chapter 11 plan is invalid as it would erase claims from outside the bankruptcy.

  6. May 10, 2016

    Bankrupt PacSun Gets OK To Pay Up To $2M In Exec Bonuses

    A Delaware bankruptcy judge gave Pacific Sunwear of California Inc. the green light Tuesday for its nearly $2 million executive bonus plan, despite issues raised by the U.S. trustee's office that the compensation plan has easy-to-reach targets and company brass could be using Chapter 11 to "enrich themselves."

  7. May 09, 2016

    US Trustee Blasts PacSun Bid To Seal $2M Bonus Plan Info

    The federal bankruptcy watchdog took issue Friday with Pacific Sunwear of California Inc.'s bid to file major details of its nearly $2 million executive bonus plan under seal, arguing the publicly traded company's information is neither confidential nor otherwise protected by Chapter 11 rules.

  8. May 03, 2016

    PacSun Gets Del. Judge's OK For Ch. 11 Bid, Auction Plan

    Bid and auction plans for bankrupt retailer Pacific Sunwear of California Inc. won a Delaware judge's approval Tuesday, although an attorney for the Office of the U.S. Trustee said the company's fast-paced Chapter 11 schedule could leave insufficient time for needed reviews.

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