Law360 Notes Kelley Drye Team as Counsel to RadioShack’s Official Committee of Unsecured Creditors
May 11, 2017
Bankruptcy and Restructuring practice group chair Eric Wilson, partner Jason Adams and senior associate Lauren Schlussel were mentioned in Law360’s article “RadioShack Gets Court OK On Sprint Wind-Down Settlement,” as representing the official committee of unsecured creditors in RadioShack’s bankruptcy.  The article discussed a settlement with Sprint Corp. to unwind the partnership forged in the debtor’s previous bankruptcy nearly two years ago.  The settlement provides for a $12 million “wind down” payment from Sprint to General Wireless and the assignment of 115 leases for their co-branded store locations. Sprint will also receive rights to the furniture, fixtures and equipment at 245 other locations where Sprint is the primary tenant.