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Bankrupt Karmaloop Sold To Lenders After No Suitors Emerge

By Matt Chiappardi ( May 21, 2015, 5:16 PM EDT) -- A Delaware bankruptcy judge agreed Thursday to allow Karmaloop Inc. to hand itself over to senior secured lenders after no bids were fielded to purchase the online apparel seller, and the top creditors also reached a settlement with unsecured creditors who had previously criticized the transaction....

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