US Trustee Balks At Alex And Ani's Bid To Seal Ch. 11 Details

Law360 (June 11, 2021, 5:30 PM EDT) -- The Office of the U.S. Trustee balked Friday at a case-opening proposal by bankrupt jewelry retailer Alex and Ani LLC to bar public access to some terms of a creditor settlement woven into the debtor's Chapter 11 restructuring support agreement in Delaware.

Trustee counsel David L. Buchbinder told U.S. Bankruptcy Judge Craig T. Goldblatt during an initial hearing — a day after Alex and Ani opened its case with $156 million in debt — that he had expected the debtors to delay argument on the request until a later hearing. Past rulings in the District of Delaware and Third Circuit weigh...

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