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Expert Analysis

How The Gordmans Stores Bankruptcy Will Affect Landlords

Law360, New York ( March 17, 2017, 4:08 PM EDT) -- On March 13, 2017, Gordmans Stores Inc.  —a value-priced department store chain with over 100 locations in 22 states — and certain of its affiliates filed petitions for Chapter 11 bankruptcy protection in Nebraska. Although Gordmans considered bids from several parties prior to the bankruptcy filing for both (i) a potential going-concern sale and (ii) a liquidation, Gordmans ultimately determined that a joint bid by Tiger Capital Group LLC, and Great American Group LLC (together, the "liquidating agents"), to liquidate its stores and other assets offered the best available alternative....

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