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Specialty Retail Shops Holding Corp. (Shopko)

January 16, 2019
The firm is counsel to the creditors’ committee of Shopko, the operator of over 300 general merchandise stores throughout the Midwest, Northwest and Southwest, which filed for bankruptcy protection in the District of Nebraska on January 16, 2019. Counsel for Shopko has proposed a dual-track plan in which a sales process runs concurrently with the confirmation process for a reorganization plan in which secured debt is traded for equity if no superior purchase offer is received.