Regional Retail Company Successfully Reorganized in Chapter 11 Bankruptcy
Flaherty attorneys Jim Lane and Eric Johnson served as debtor’s counsel to a regional retail business in a chapter 11 bankruptcy. The debtor had been mired in class action litigation for ten years. Total claims against the company exceeded $170 million. Though the bankruptcy was vigorously contested, the bankruptcy court confirmed the debtor’s plan of reorganization six months after the case was filed. The debtor prevailed in all appeals. The reorganized debtor has fully performed under its plan and continues its business operations at 130 locations in West Virginia, Virginia, Kentucky and Ohio.
Disclaimer: Case summaries, reports of past results and individual lawyer biographies on this website describe past matters handled for clients of the firm. These descriptions are meant only to provide information to the public about the activities and experience of our lawyers. They are not intended as a guarantee that the same or similar results can be obtained in every matter undertaken by our lawyers. You must not assume that a similar result can be obtained in a legal matter of interest to you. The outcome of a particular matter can depend on a variety of factors—including the specific factual and legal circumstances, the ability of opposing counsel, and, often, unexpected developments beyond the control of any client or lawyer.