Law360 (June 11, 2021, 5:30 p.m. EDT) – The U.S. trustee’s office on Friday hesitated on a proposal to open a case from bankrupt jewelry retailer Alex and Ani LLC to bar public access on certain terms of a settlement with creditors. the Delaware Chapter 11 Debtor Restructuring Support Agreement.
The trustee’s attorney, David L. Buchbinder, told US bankruptcy judge Craig T. Goldblatt at an initial hearing – a day after Alex and Ani opened his case with a debt of $ 156 million – that he expected debtors to delay arguing the claim until a later hearing. . The decisions passed in the District of Delaware and the Third Circuit weigh …
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