TSAWD Holdings, Inc., et al

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Case overview

Case Number:

1:16-bk-10527

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

May 11, 2016
Sports Authority Vendors Rip Emergency Consignment Appeal

Sports Authority's consignment vendors have accused the bankrupt company's term loan lenders of launching a hollow emergency motion in U.S. district court in a bid to reverse a Delaware bankruptcy judge's refusal to escrow consignment sale receipts pending a lower court appeal.
May 05, 2016
Sports Authority Can Pay Workers $1.2M To Stick Out Ch. 11

A Delaware bankruptcy judge on Wednesday gave Sports Authority the go-ahead to pay non-insider employees crucial to its operations a collective total of $1.25 million to keep them on board during the retailer's restructuring.
May 03, 2016
Sports Authority Gets Nod For $600M DIP Loan After Changes

A Delaware bankruptcy judge agreed Tuesday to give Sports Authority the final approval for its nearly $600 million post-petition financing package after the sides addressed issues raised with the loan last week, but the standoff over consignment goods still looms in the chaotic case.
April 26, 2016
Sports Authority Judge Won't OK DIP Loan Without Changes

The Delaware bankruptcy judge presiding over Sports Authority's chaotic case said Tuesday she would not grant final approval of the retail chain's nearly $600 million post-petition financing package unless it underwent major changes, and it remains to be seen whether the lenders will stay on board.
April 20, 2016
Sports Authority Abandons Consignment Vendor Settlement

Sports Authority abandoned on Wednesday what was thought to be a crucial settlement to resolve its fight with the consignment vendors that make up roughly 20 percent of its business, throwing into question how that issue, and the billion-dollar Chapter 11 case, will move forward.
April 20, 2016
Gibson Dunn Seeks $1.8M For Sports Authority Work

Gibson Dunn is seeking more than $1.8 million in compensation for work that the law firm performed representing Sports Authority Holdings Inc. during the first month of the retail chain's Chapter 11 case, according to documents filed on Tuesday in Delaware bankruptcy court.
April 19, 2016
Sports Authority, Lenders Buck Call To Immediately Pay Rent

Sports Authority and its term lenders pushed the Delaware bankruptcy court Tuesday to reject a parade of bids from the retailer's landlords to compel immediate payment of upward of $8 million in post-petition rent, arguing it would put more stress on an already difficult case.
April 14, 2016
Sports Authority Gets Nod For Delayed Ch. 11 Auction Plans

A Delaware bankruptcy judge on Thursday agreed to approve Sports Authority Holdings Inc.'s Chapter 11 auction plan after hearing that the debtor intends to delay the process by about a month, as the company says it is attracting a "high level of interest" from suitors.
April 13, 2016
Judge Denies Bid To Stop Some Sports Authority Ch. 11 Sales

A U.S. District Court judge in Delaware has denied a Sports Authority Holdings Inc. lender agent's bid for an emergency halt to the company's Chapter 11 vendor payments for sales of consigned goods, saying that there was no threat of irreparable harm to the lenders and no solid ground for the appeal.
April 06, 2016
Sports Authority Consignment Payouts Won't Stop For Appeal

A Delaware federal bankruptcy judge handed a win to Sports Authority consignment vendors over the objections of a major lender on Wednesday, allowing the store to keep paying vendors for their goods and denying the lender's bid for a pause to appeal the decision.