Judge Shannon Confirms Claire’s Chapter 11 Plan, Lauding Successful Process
This article by Octus discusses Kirkland’s work as debtors’ counsel to Claire’s, culminating in court approval of a Chapter 11 plan after the company’s $104 million sale to Ames Watson. The court’s approval completed a major turnaround for the retailer, preserving more than 800 stores and thousands of jobs.
"... In light of the debtors’ successful sale, Judge Shannon said today that the debtors’ cases are an example of the “highest and best use” of Chapter 11, directly agreeing with a prior point advanced by Joshua Sussberg of Kirkland & Ellis, debtors’ counsel, at the sale hearing."
