RS Legacy Corporation

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Case overview

Case Number:

1:15-bk-10197

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

March 31, 2015
Deal To Keep RadioShack Alive Wins Bankruptcy Court OK

A Delaware bankruptcy judge agreed Tuesday to wave through RadioShack Corp.'s sale to creditor and shareholder Standard General LP, which aims to keep open more than 1,700 stores and preserve 7,500 jobs, over the objections of several lender constituencies that pressed against the deal during a four-day court hearing.
March 30, 2015
RadioShack Judge Urges Peace As Sale Fight Enters 3rd Day

A Delaware bankruptcy judge questioned Monday whether RadioShack Corp. would be able to survive as a going concern even if he approves a proposed transaction with Standard General LP that aims to keep open more than 1,700 stores, voicing worries that the sale won't close if the fierce fighting continues.
March 27, 2015
Salus To Make New Bid For RadioShack In Surprise Move

Major RadioShack Corp. creditor Salus Capital Partners LLC, which has been fighting to reopen the iconic retailer's bankruptcy auction, made a surprise move Friday and said it intends to present a sweetened bid for the debtor as the court fight over the sale raged on a second day.
March 26, 2015
Salus Calls RadioShack Auction 'Sham' In Ch. 11 Sale Brawl

Major RadioShack Corp. creditor Salus Capital Partners LLC called the iconic retailer's bankruptcy auction a "sham" Thursday and pushed to reopen the process, as an all-out brawl kicked off over the debtor's choice to deem a bid from stalking horse Standard General LP the winner.
March 26, 2015
State AGs Keep Eye On RadioShack Customers' Personal Data

With the personal data of 117 million customers potentially up for grabs in RadioShack Corp.'s bankruptcy auction, state attorneys general are keeping a close watch on the auction.
March 25, 2015
Salus Demands Hearing On Its 'Superior' RadioShack Bid

RadioShack Corp. lender Salus Capital Partners LLC on Wednesday urged the judge handling the retailer's bankruptcy auction to block lawyers from accepting fellow creditor Standard General LP's $128 million offer and rejecting a "materially superior" liquidation bid from Salus.
March 24, 2015
RadioShack Refutes Watchdog Scrutiny Over Ch. 11 Advisers

RadioShack Corp. urged the Delaware bankruptcy court Tuesday to overrule the U.S. trustee's objections to the debtor's hire of Harry Wilson's MAEVA Group LLC as a restructuring adviser, contending that the bankruptcy watchdog has not identified anything the firm actually did wrong.
March 19, 2015
RadioShack Heads To Auction With Slimmer Stalking Hose

RadioShack Corp. told a Delaware bankruptcy judge Thursday it plans to proceed with an auction next week now that suitors have stepped up to compete with stalking horse Standard General LP, whose recently reduced offer is the only one that seeks to preserve part of the business.
March 18, 2015
Salus Hits Hedge Funds For $129M RadioShack Payback

RadioShack Corp. creditor Salus Capital Partners LLC launched a broadside on Tuesday against the hedge fund lenders financing the bankrupt retailer's sale strategy, disputing Standard General LP's right to credit bid on assets and demanding $129 million in loan repayments.
March 13, 2015
RadioShack Creditors Demand Access In Officer Probe

Unsecured creditors on Friday urged the judge presiding over RadioShack Corp.'s bankruptcy to order cooperation from the debtor in an investigation of its top executives, attacking its refusal to divulge privileged communications or let its former financial chief answer questions.

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