RS Legacy Corporation

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Case overview

Case Number:

1:15-bk-10197

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

March 12, 2015
RadioShack Gets Nod For $285M DIP Financing

A Delaware bankruptcy judge on Thursday signed off on RadioShack Corp.'s $285.3 million debtor-in-possession financing package, which is led by hedge fund manager DW Partners LP and allows the troubled electronics retailer to continue operating and sell off most of its remaining assets.
March 04, 2015
RadioShack Gets Nod To Pay Up To $2.5M In Exec Bonuses

A Delaware bankruptcy judge on Wednesday signed off an a pair of bonus plans that together could see RadioShack Corp. executives earn as much as $2.5 million, despite opposition from the U.S. Trustee's office.
March 02, 2015
Trustee Targets $3M Bonus Package For RadioShack Brass

The U.S. Trustee's Office on Saturday sought to shoot down a pair of proposed bonus plans that could pay RadioShack Corp. executives up to $3 million, contending that the bankrupt electronics retailer failed to demonstrate that the additional payments are appropriate.
February 27, 2015
RadioShack Gets Approval For $2.4M Lease Sale

RadioShack Corp. got the blessing of a Delaware bankruptcy judge on Friday for a $2.4 million sale that sees the electronics icon hand over leases for a collection of its shuttered stores to cellphone retailer Spring Communications Holding Inc.
February 25, 2015
RadioShack OK'd For March Auction Led By Standard General

A Delaware bankruptcy judge on Wednesday blessed RadioShack Corp.'s plans to sell off thousands of retail locations at a March auction with hedge fund Standard General LP as the stalking horse bidder, setting a floor in the neighborhood of $200 million.
February 23, 2015
Standard General Rejects RadioShack Bid Critics

Standard General LP, the hedge fund angling to buy and rebrand thousands of RadioShack Corp. stores out of bankruptcy, defended its stalking horse offer for those assets on Monday, saying its proposed credit bid would boost, not lower, how much they ultimately fetch at auction.
February 20, 2015
RadioShack Gets Nod To Auction 1,100 Store Leases

A Delaware bankruptcy judge on Friday gave RadioShack Corp. the green light to auction the leases of more than 1,100 soon-to-be-closed stores, blessing an expedited sale process that will wrap up within a week.
February 19, 2015
RadioShack's Unsecured Creditors Blast Standard General Bid

The newly minted unsecured creditors committee in the RadioShack Corp. bankruptcy argued late Wednesday that the proposed going-concern auction for thousands of locations should go forward without Standard General LP as the stalking horse, contending that the structure of the hedge fund's floor bid might turn off other suitors.
February 18, 2015
Cerberus Fights CDS Cash-Out Claims In RadioShack Ch. 11

Cerberus Capital Management LP, which holds $100 million in secured RadioShack Corp. debt, on Wednesday fought allegations in Delaware bankruptcy court that it breached its fiduciary duty to the company, saying it never purchased the swaps positions it allegedly cashed in on after the bankruptcy.
February 17, 2015
RadioShack Creditors Seek Probe Of Ch. 11 Timing

A group of failed strip-mall retailer RadioShack Corp.'s unsecured creditors has asked a Delaware bankruptcy judge to force an examination that may get to the heart of questions about who benefited from and controlled the timing of its bankruptcy.

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