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Karmaloop Gets Nod For Ch. 11 Sale Plan With May Auction

By Matt Chiappardi ( April 15, 2015, 7:35 PM EDT) -- A Delaware bankruptcy judge on Wednesday agreed to greenlight online apparel seller Karmaloop Inc.'s plans for a Chapter 11 sale with senior secured lenders stepping in as the stalking horse bidder for an auction that would take place shortly after Memorial Day....

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