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Barney's New York

The firm is counsel to the creditors’ committee in the chapter 11 case of Barney’s New York in the Bankruptcy Court for the Southern District of New York. The high-fashion, high-end iconic retailer had been facing declining revenue due to a confluence of factors, including increased online competition and substantial rent increases. Its estimated debt includes $192 million in secured debt and another $100 million in unsecured trade debt.