October 20, 2021
Goldstein & McClintock LLLP has hit the liquidating trustee of Hastings Entertainment's bankruptcy estate and Tucker Ellis LLP with an adversary suit in Delaware seeking to protect the firm's claim to proceeds from a proposed $2 million settlement to end other litigation filed in the Chapter 11.
June 13, 2019
A Delaware bankruptcy judge allowed breach of fiduciary duty claims brought against the owner of Hastings Entertainment to survive Thursday, saying a liquidating trustee in the company's Chapter 11 case had shown a likelihood that the businessman had personally benefited from $25 million of transactions that hurt the company ahead of its bankruptcy.
August 31, 2017
The liquidating trustee of Draw Another Circle LLC filed an adversary complaint in Delaware bankruptcy court Thursday, alleging that former executives of the media retail company looted it of $25 million to fund their own pet projects to the detriment of shareholders.
February 14, 2017
Hastings Entertainment parent Draw Another Circle LLC succumbed to the digital and internet age Tuesday, with a Delaware bankruptcy judge confirming the Texas-based movie, book, memorabilia and game rental company's Chapter 11 liquidation plan.
August 17, 2016
The parent company of media retailer Hastings Entertainment asked for permission in a motion filed in Delaware bankruptcy court Tuesday to auction off the unexpired leases of its 123 stores currently involved in liquidation sales as part of its Chapter 11 case.
August 05, 2016
Draw Another Circle LLC, owner of liquidating media retail chains Hastings Entertainment Inc. and MovieStop LLC, asked the Delaware bankruptcy court Thursday to approve several bonus payments to up to 30 employees in an effort to keep them onboard while the company winds down.
July 22, 2016
The parent company of Hastings Entertainment Inc. received approval Friday in Delaware bankruptcy court for an $85 million sale of its assets to a liquidating partnership that served as an auction stalking horse bidder.
July 21, 2016
The parent company of Hastings Entertainment Inc. told a Delaware bankruptcy judge late Wednesday that a joint venture of liquidators had won an auction for the company's assets and will seek court approval to begin going-out-of-business sales at 124 stores.
July 18, 2016
A Delaware bankruptcy court gave Draw Another Circle LLC, owner of media retail chains Hastings Entertainment Inc. and MovieStop LLC, the nod Monday to set the auction floor with a bid from liquidators, after hearing that at least two other suitors, one a going-concern bidder, were eyeing the company.
July 15, 2016
A Delaware bankruptcy court on Friday granted Draw Another Circle LLC, owner of media retail stores including Hastings Entertainment Inc. and MovieStop LLC, a shortened objection period to its motion for approval of its choice of a joint venture of Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC to act as stalking horse in its short-fuse Chapter 11 sale.