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Flaherty Sensabaugh Bonasso | Regional retail company successfully reorganized in Chapter 11 bankruptcy
POSTED JANUARY 30, 2023
Flaherty Sensabaugh Bonasso attorneys Jim Lane and Eric Johnson served as debtor’s counsel to a regional retail business in a chapter 11 bankruptcy. The debtor had been mired in class action litigation for 10 years. Total claims against the company exceeded $170 million. Though the bankruptcy was vigorously contested, the bankruptcy court confirmed the debtor’s plan of reorganization six months after the case was filed. The debtor prevailed in all appeals. The reorganized debtor has fully performed under its plan and continues its business operations at 130 locations in West Virginia, Virginia, Kentucky and Ohio.