New RSC Holdco, Inc.
Case Number:
1:24-bk-10939
Court:
Nature of Suit:
Firms
Companies
- Bank of America Corp.
- Brookfield Property Partners LP
- Gordon Brothers Group LLC
- Simon Property Group Inc.
Sectors & Industries:
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October 07, 2024
Vendor Says Rue21 Skipped $2M In Bills For Clothing
A Los Angeles-based clothing supplier has sued Rue21, saying the fashion retailer stiffed it on $300,000 worth of invoices and is on the hook for $1.7 million to another vendor.
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September 05, 2024
Healthcare Cos. Using Ch. 11 As Life Support In 2024
Several healthcare companies, including ventilator maker Vyaire Medical Inc. and hospital operator Steward Health Care System, have filed for bankruptcy this year, citing issues like a post-pandemic revenue drop and ballooning expenses colliding with declining government reimbursements.
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August 23, 2024
Retailers That Sunk Into The Red And Hit Ch. 11 In 2024
Major retail companies including Express Inc., Conn's Inc., Avon Products, Sam Ash Music, and Rue21 have filed for bankruptcy this year, citing industry challenges stemming from the lasting impacts of the COVID-19 pandemic, rising interest rates and inflationary pressures.
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July 15, 2024
Rue21 Bankruptcy Dismissed After Exculpations Trimmed
Teen apparel retailer rue21 received approval Monday to dismiss its Chapter 11 case after it agreed to narrow who would be protected from potential legal liability as it winds down.
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July 05, 2024
US Trustee Calls Rue21 Exculpations Excessive
The U.S. Trustee's Office has told a Delaware bankruptcy judge that teen apparel retailer rue21 is trying to protect too many parties from potential legal liability as it seeks to wind down its Chapter 11 case.
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May 17, 2024
Rue21 Lands $4M Bid For IP From Canadian Fashion Co.
Teen apparel retailer rue21 has informed a Delaware bankruptcy judge it accepted a nearly $4 million stalking-horse bid to sell its brands and other intellectual property to Canadian fashion house YM Inc.
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May 16, 2024
Rue21 Seeks To Reject 51 Leases As Stores Close
Bankrupt teen retailer rue21 has asked a Delaware bankruptcy court for approval to reject its leases at 51 store locations where going-out-of-business sales have already wrapped up or aren't planned, saying the move would represent "a significant cost savings" to the bankruptcy estate.
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May 06, 2024
WeWork Advances Plan, J&J's Third Filing, More Jones Drama
WeWork Inc. pushed forward a reorganization plan despite its former CEO's objections, Johnson & Johnson disclosed plans for a prepackaged bankruptcy case supported by a $6.5 billion settlement, and an appeals court upheld more than $400,000 in sanctions as part of bankruptcy proceedings for Georgia-Pacific's asbestos unit.
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May 03, 2024
Meet The Attorneys In Teen Retailer Rue21's 'Chapter 33'
A team of attorneys from Willkie Farr & Gallagher LLP and Young Conaway Stargatt & Taylor LLP are representing clothing retailer rue21 in its third trip through Chapter 11 — colloquially called a "Chapter 33" — and its second in seven years.
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May 03, 2024
Rue21 Can Use Lender Cash As It Moves To Shut All Stores
A Delaware bankruptcy judge gave an initial nod Friday to teen apparel company rue21's bid to use its lender cash collateral to fund itself as it works to sell off inventory across 540 stores in the U.S. during its Chapter 11 case.