February 2, 2017
Partner Michael L. Gallion, as well as special counsel David Van Pelt represent former food and grocery chain Fresh & Easy, which recently proposed a streamlined review for a newly filed, combined Chapter 11 disclosure and liquidation plan. The Law360 article “Fresh & Easy Ch. 11 Plan Includes $21.5M From PE Arm” discusses the ins and outs of the plan, which is primarily built around a $21.5 million settlement with YFE Holdings Inc., which acquired Fresh & Easy’s assets through an earlier Chapter 11 settlement in 2014.
As mentioned in the article, the majority of Fresh & Easy’s property and other assets have already been sold, leaving up to approximately $25 million for distribution to creditors under the proposed bankruptcy plan.
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