Mealey's Bankruptcy - Bankrupt Filene's Basement: New Settlement Should Be Approved For More Money

Mealey's Bankruptcy - Bankrupt Filene's Basement: New Settlement Should Be Approved For More Money

WILMINGTON, Del. - Bankrupt Filene's Basement LLC on March 24 moved in the U.S. Bankruptcy Court for the District of Delaware for an order to approve a settlement related to an unexpired lease of nonresidential real property involving a different bidder than the one with which Filene's had struck a deal less than one week ago. Filene's contends that this new settlement should be approved because it will bring in more money for the company's stakeholders (In Re: Filene's Basement LLC, No. 11-13511, Chapter 11, D. Del. Bkcy.).

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