Toys "R" Us, Inc.

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Case overview

Case Number:

3:17-bk-34665

Court:

Virginia Eastern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

June 27, 2019
Alvarez Gets $44M In Fees In Toys R Us Ch. 11 Case

Turnaround consultancy Alvarez & Marsal North America LLC got the green light from a Virginia bankruptcy court on Wednesday to take home $44 million in fees and expenses for its work on the multibillion-dollar Toys R Us Inc. Chapter 11 case.
June 06, 2019
Kirkland Nabs $57M Fees In 'Hard-Fought' Toys R Us Ch. 11

A Virginia bankruptcy judge on Thursday approved a $57.3 million fees and expenses reward to Kirkland & Ellis LLP for shepherding retail chain Toys R Us through what the law firm called a "hard-fought" Chapter 11 liquidation.
December 13, 2018
Toys R Us Wins Ch. 11 Clearance For $760M Sale Of Asia Biz

Toys R Us Inc. won approval from a Virginia bankruptcy court on Thursday to sell the majority stake of its business operations in Asia to a group of senior investors for $760 million as part of a Chapter 11 liquidation plan that provides creditor recoveries and releases potential claims between stakeholders.
November 30, 2018
Toys R Us Asia JV Settlement Gets Bankruptcy Court Approval

A Virginia bankruptcy judge on Friday approved a settlement between Toys R Us investors and the minority equity holder in the toy giant's $900 million in Asian business, clearing the way for the investors to buy an 85 percent stake in the overseas assets.
November 21, 2018
Toys R Us Creditors Challenge Releases In Ch. 11 Plan

Toys R Us Inc.'s unsecured creditors committee has asked a Virginia bankruptcy judge to reject a Chapter 11 plan for a group of the toy chain's subsidiaries, saying it shorts creditors by releasing possible legal claims against some of the entities.
November 19, 2018
Toys R Us Noteholders Reach Deal Over $900M Asia JV

Toys R Us investors poised to buy an 85 percent stake in the toy giant's $900 million Asian business have reached an agreement with minority equity holder Fung Retailing Ltd., a China-based retailing arm of the Fung Group, putting to rest opposition over the purchase.
November 13, 2018
Toys R Us Wins Approval Of Ch. 11 Creditor Payment Plan

A Virginia bankruptcy judge on Tuesday approved a Chapter 11 plan to facilitate the wind-down of Toys R Us Inc., putting in place a means for the iconic brand to survive in a limited form and its creditors to receive some means of recovery.
November 08, 2018
CORRECTED: Toys R Us Makes Virginia Push To Confirm Ch. 11 Plan

Toys R Us Inc. is urging a Virginia bankruptcy court to approve its Chapter 11 plan, saying that the plan has been approved by the creditors and that the remaining objections should be dismissed.
October 19, 2018
Toys R Us Lenders Become Stalking Horse For IT Biz

Toys R Us has received permission from a Virginia bankruptcy court to put the computer support operation for its overseas stores on the block next month, backed by a $57.5 million stalking horse credit bid from a term lenders group.
October 02, 2018
Toys R Us Axes IP Auction, To Focus On Branding

Toys R Us has canceled plans to auction off its brand marks and intellectual property later this week, the fallen retail giant told a Virginia bankruptcy court Monday, indicating it will pursue a plan of reorganization that may shift the focus of the company toward its brand names.

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