June 27, 2019
Turnaround consultancy Alvarez & Marsal North America LLC got the green light from a Virginia bankruptcy court on Wednesday to take home $44 million in fees and expenses for its work on the multibillion-dollar Toys R Us Inc. Chapter 11 case.
June 06, 2019
A Virginia bankruptcy judge on Thursday approved a $57.3 million fees and expenses reward to Kirkland & Ellis LLP for shepherding retail chain Toys R Us through what the law firm called a "hard-fought" Chapter 11 liquidation.
December 13, 2018
Toys R Us Inc. won approval from a Virginia bankruptcy court on Thursday to sell the majority stake of its business operations in Asia to a group of senior investors for $760 million as part of a Chapter 11 liquidation plan that provides creditor recoveries and releases potential claims between stakeholders.
November 30, 2018
A Virginia bankruptcy judge on Friday approved a settlement between Toys R Us investors and the minority equity holder in the toy giant's $900 million in Asian business, clearing the way for the investors to buy an 85 percent stake in the overseas assets.
November 21, 2018
Toys R Us Inc.'s unsecured creditors committee has asked a Virginia bankruptcy judge to reject a Chapter 11 plan for a group of the toy chain's subsidiaries, saying it shorts creditors by releasing possible legal claims against some of the entities.
November 19, 2018
Toys R Us investors poised to buy an 85 percent stake in the toy giant's $900 million Asian business have reached an agreement with minority equity holder Fung Retailing Ltd., a China-based retailing arm of the Fung Group, putting to rest opposition over the purchase.
November 13, 2018
A Virginia bankruptcy judge on Tuesday approved a Chapter 11 plan to facilitate the wind-down of Toys R Us Inc., putting in place a means for the iconic brand to survive in a limited form and its creditors to receive some means of recovery.
November 08, 2018
Toys R Us Inc. is urging a Virginia bankruptcy court to approve its Chapter 11 plan, saying that the plan has been approved by the creditors and that the remaining objections should be dismissed.
October 19, 2018
Toys R Us has received permission from a Virginia bankruptcy court to put the computer support operation for its overseas stores on the block next month, backed by a $57.5 million stalking horse credit bid from a term lenders group.
October 02, 2018
Toys R Us has canceled plans to auction off its brand marks and intellectual property later this week, the fallen retail giant told a Virginia bankruptcy court Monday, indicating it will pursue a plan of reorganization that may shift the focus of the company toward its brand names.