June 30, 2016
Dick's Sporting Goods Inc. submitted the winning bid for Sports Authority Inc.'s intellectual property and more than two dozen of the bankrupt sports retailer's leases, according to court papers filed Thursday in Delaware.
June 28, 2016
Sports Authority Holdings Inc. is expected to have a competitive auction on Wednesday for its liquidating store leases and intellectual property, including its name, quelling some fears that the assets were attracting little market attention, an attorney for the fading retailer told a Delaware bankruptcy judge on Tuesday.
June 24, 2016
Landlords for many of Sports Authority's roughly 450 locations across the country moved late Thursday to start surcharging the retailer's lenders to recover unpaid rent, fearing that the store leases up for Chapter 11 auction aren't attracting enough market interest for there to be money to cover their claims.
June 17, 2016
Consignment vendors that provided goods for sale at 112 Sports Authority stores told a Delaware bankruptcy judge Friday that they want their unsold goods returned to them free from liens asserted by the debtor's prepetition lenders.
June 13, 2016
A Delaware bankruptcy judge gave Sports Authority the nod Monday to amend its post-petition loan to allow payments to certain secured creditors over the objection of the liquidating retailer's term lender agent Wilmington Savings Fund Society, as the debtor gears up to sell its name and leases to its closing stores.
May 25, 2016
A Delaware bankruptcy judge on Wednesday allowed Sports Authority's creditors committee to hire Houlihan Lokey as its investment banker retroactive to March 13, over the objection from the U.S. Trustee's Office, which questioned whether the firm actually brought any benefit to the case.
May 24, 2016
A Delaware bankruptcy judge agreed Tuesday to allow Sports Authority to go ahead with the liquidation of all of its roughly 450 stores across the country after the retail chain resolved or beat out about 100 objections to the sale.
May 18, 2016
Sports Authority told a Delaware bankruptcy judge Wednesday that it didn't get any official offers that would keep its roughly 400 stores open, but that its Chapter 11 auction featured competitive bidding that pitted several liquidation agencies against one another before a multiparty venture of agencies won the day.
May 17, 2016
A trio of firms won the right to liquidate Sports Authority Holdings Inc.'s inventory during an auction Tuesday that did not yield a winning going-concern bid the national retailer was hoping for, but its name and other intellectual property remain up for sale, sources close to the proceedings said.
May 12, 2016
Sports Authority's Chapter 11 term lenders have lost an appeal for an emergency injunction that would have escrowed the bankrupt retailer's receipts from consignment sales, with a U.S. district judge in Delaware saying the lenders failed to prove they faced irreparable harm without the action.