October 3, 2016
In the Law360
article, “Golfsmith Landlords Oppose Retailer's Ch. 11 Sale Timeline,” partner Robert L. LeHane
was mentioned as counsel to DDR Corp. and three other landlords that hold leases for 10 locations of the bankrupt sporting goods retailer, Golfsmith International. In Delaware bankruptcy court, the landlords objected to Golfsmith’s planned sale process, saying the proposed shortened timeline doesn’t allow them enough time to assess the impact on their leases. In the objection, the landlords say they are supportive of a sale, but they need a sufficient amount of time to ensure their rights are protected regarding adequate assurance of future rent payments and payment of rents accrued prepetition. Golfsmith began liquidating 20 underperforming stores soon after its Chapter 11 petition in September while searching for a buyer for the remainder of its American locations.
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