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Retail
Retailers have suffered from both over-expansion and increased competition from discount operations. Members of the firm have represented debtors, creditors, lenders, and trustees in some of the most well-known retail bankruptcies:
Barker Brothers
Counsel to the primary secured creditor of this major Southern California furniture chain.
The Boston Store
Counsel to the creditors' committee of this regional department store chain.
Buffums
Counsel to the debtor, a sixteen-store department store chain.
B.U.M. International
Counsel to the creditors' committee of this renowned clothing label, which owns and licenses trademarks for apparel and related goods.
Bugle Boy
The firm represented the creditors' committee in the Bugle Boy Industries bankruptcy case. Bugle Boy was a clothing manufacturer and operated several hundred retail stores throughout the country. Although a distribution to general unsecured creditors seemed unlikely when the cases were filed, a liquidating plan was confirmed in June 2002 that provided for a distribution to creditors.
C&R Clothiers
Counsel to the creditors' committee of this 54-store men's apparel chain with locations throughout California.
Carl's Toys
Counsel to this 25-toy store chain with locations in California, Arizona, and Nevada in its chapter 11 case.
Carter Hawley Hale
Counsel to the Hahn Company, a nationwide owner and developer of shopping malls, as a landlord creditor in the chapter 11 case of this department-store chain.
Copelands' Enterprises
In 2006, the firm filed a chapter 11 case for Copelands' Enterprises, one of the leading specialty sporting goods stores in the United States, with over 30 locations and sales of over $150 million. The company sold off its assets in the chapter 11 case, and a plan of reorganization was confirmed in less than 12 months.
DAK Industries
Counsel to the creditors' committee of this consumer electronics catalogue company, which had annual sales of over $200 million.
Fedco
Counsel to the creditors' committee in the chapter 11 bankruptcy case of Fedco, which operated a chain of general merchandise retail stores in Southern California with annual sales of several hundred million dollars and approximately $150 million of debt as of the petition date.
G+G Retail
G+G was a national retailer specializing in the sale of young women's and girl's clothing and fashion apparel. Prior to filing for bankruptcy, G+G employed approximately 2,305 full time employees and 3,116 part-time employees at 566 stores and outlets that were leased throughout 48 states, Puerto Rico, and the Virgin Islands, and at a distribution center in New Jersey. A majority of the stores were mall-based locations and were approximately 2,400 square feet in size. Shortly after filing, G+G obtained court approval for a sale of substantially all of its assets as a going concern, including the assumption and assignment of over 450 leases, to Max Rave, LLC. Thereafter, the bankruptcy court confirmed a chapter 11 plan of liquidation approximately 11 months after the petition date. The liquidating trustee anticipates that creditor recoveries will be approximately 50% on the dollar. This outcome is outstanding in light of the fact that at the petition date G+G was on the verge of administrative insolvency.
HealthCentral.com
We completed the liquidation of one of the leading publicly traded business-to-consumer web merchants and content providers through a series of "going concern" sales of separate business units and assisted the debtors in making meaningful distributions to unsecured creditors.
HomePlace of America
Counsel to the debtor, a national house and home products retailer with over 200 locations.
Judy's and G. HQ's
Counsel to the minority shareholder and postpetition lender of this 100-store women's and men's apparel chain.
Martin Lawrence Limited Edition
Counsel to the debtor, a publicly held chain of retail art galleries.
MVP.com
MVP.com was an internet retailer founded by John Elway, Michael Jordan and Wayne Gretzky. The firm advised the company in connection with the sale of its assets to Sportsline.com and the concurrent assignment for the benefit of creditors. The assignment process proved to be an attractive mechanism for dealing efficiently with dot.com insolvency.
Organized Living
The firm represents the committee in this case, which involves twenty-six retail stores selling products designed for organizing the home and office.
Party America
Counsel to the debtor, a 35-store party-supply chain.
Pennsylvania Fashions
As counsel to the creditors' committee, we uncovered litigation claims conveyed to a liquidating trust. Upon confirmation, the proceeds of the trust, together with a cash distribution from the reorganized debtor, yielded a 25 percent recovery for a position considered to be "under water" from the outset, as evidenced by the secured lenders recovering nothing on their large deficiency claim. The firm was awarded a bonus for the extraordinary result achieved.
Rampage Clothing Company
Counsel to the creditors' committees in the chapter 11 cases of Rampage Clothing Company and Rampage Retailing.
Webvan Group
Webvan Group and affiliates provided internet-based home delivery services for groceries and other products throughout the West before filing for bankruptcy in July 2001. Over $1 billion was invested in the companies and their operations prior to the filing. We assisted management in the orderly liquidation of the debtors' assets, and confirmed a liquidating plan in less than six months' time.