As part of its bankruptcy restructuring, Saks is closing the majority of its OFF 5TH stores. Saks Global, which is in charge of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks OFF 5TH, reportedly had to file for a Chapter 11 bankruptcy due to growing debt and diminishing liquidity. About 57 of the 74 […]
In a recent legal development, Judge Michael E. Romero issued a limited protective order in the ongoing lawsuit involving Shilo Sanders, a former NFL hopeful. This order restricts the use of designated discovery material solely for the merits of the case, barring its use for any unrelated purposes. The protective order came in response to […]
Red Lobster, a prominent seafood restaurant chain with 649 locations across the United States, is reportedly considering a Chapter 11 bankruptcy filing as it grapples with mounting debt. According to sources familiar with the matter who spoke to Bloomberg on condition of anonymity, the company has engaged the services of law firm King & Spalding […]
