True Religion's Ch. 11 Plan Docs Approved Without Objection
Law360 (July 27, 2020, 4:50 PM EDT) -- Premium denim retailer True Religion Apparel received approval Monday from a Delaware bankruptcy judge for its Chapter 11 disclosure statement detailing a proposed debt-for-equity swap that will wipe out $65 million of prepetition indebtedness.
During a hearing conducted virtually, debtor attorney J. Kate Stickles of Cole Schotz PC said the disclosure statement was being presented without objection or opposition following productive discussions with the Office of the U.S. Trustee, the official committee of unsecured creditors and various lender groups. Each party had filed informal comments in response to the document, and Stickles said updated versions of the plan and disclosure statement...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!