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Specialty Retail Shops Holding Corp. (Shopko)

The firm was 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. Counsel for Shopko had proposed a dual-track plan in which a sales process ran concurrently with the confirmation process for a reorganization plan in which secured debt was traded for equity if no superior purchase offer were received.

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