July 12, 2016
The Law360 article, "Sports Authority Landlords Want No Changes In Sold Leases,” mentions partner Robert L. LeHane, special counsel Gilbert R. Saydah Jr. and associate Scott L. Fleischer as counsel to the landlords that lease retail space to Sports Authority. The article covers the landlord’s objection to the proposed designation of the leases to Dick’s Sporting Goods on Monday in Delaware bankruptcy court, saying the sale would allow substantial changes to the terms of the leases. The landlords filed their objection ahead of a hearing in mid-July.
The landlords do not object to the lease designation sale but do fear that the change in lease would allow Dick’s to substantially change the terms of their leases. As the landlords stated “the order on the lease designation rights sale, which the debtors just filed, must not allow the debtors or the purchaser to invalidate this — or any other — bargained-for protection in the leases.”
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