Bankrupt Ritz Camera Seeks Stalking Horse Bid

Law360, New York (July 9, 2012, 4:33 PM EDT) -- Bankrupt Ritz Camera & Image LLC is seeking a stalking horse bidder as it looks to auction itself as a going concern by early September, according to documents the company filed Friday in Delaware bankruptcy court.

RCI, which has been operating as a debtor-in-possession since filing for Chapter 11 protection June 22, told U.S. Bankruptcy Judge Kevin Gross that the best way for it to maximize the value of the business and assets is to sell the company as a going concern, and asked for permission...
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