RS Legacy Corporation

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Case Number:

1:15-bk-10197

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

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August 06, 2015
Class Cert. Bid In $43M RadioShack Gift Card Suit Takes Fire

Both the RadioShack Corp. bankruptcy estate and its unsecured creditors slammed a bid Wednesday to certify a class of holders of up to $43 million in unused gift cards, arguing it's too early to advance the case while a similar fight is in progress with Texas' attorney general.
July 22, 2015
RadioShack $43M Gift Card Suit Allowed To Move Forward

A Delaware bankruptcy judge Wednesday allowed the Texas attorney general to move forward with a lawsuit in the RadioShack Corp. case attempting to recover $43 million in unused gift cards for consumers, one of several obstacles, including a disputed $100 million tax claim, facing the estate's Chapter 11 plan.
July 17, 2015
RadioShack Gift Card Holders Sue Bankruptcy Estate

RadioShack Corp.'s bankruptcy estate was hit with an adversary action Friday from a putative class of unused gift card holders, believed to number in the tens of thousands, who want claims potentially worth up to $43 million to be paid out as a high priority.
July 15, 2015
Texas Blasts RadioShack Bid To Toss Ch. 11 Gift Card Suit

The Texas attorney general blasted the RadioShack Corp. bankruptcy estate's bid to have the state's adversary action to secure for customers $43 million in unused gift cards thrown out, arguing that instead of contesting the suit on the merits, the estate is trying to silence the Lone Star State.
July 14, 2015
RadioShack Says Texas Can't Be Middleman For Gift Cards

RadioShack Corp. on Monday told a Delaware bankruptcy judge that a bid by Texas to secure $43 million for customers who have unused gift cards is "unworkable and unnecessary" because gift card holders are already protected under the company's liquidation plan.
June 25, 2015
RadioShack Working On 'Peace Treaty' To Aid Ch. 11 Exit

A Delaware bankruptcy judge on Thursday allowed the RadioShack Corp. estate to move forward on its strategy to solicit votes for its proposed Chapter 11 plan after hearing that the debtor is working on what it called a "broad peace treaty" to resolve lingering disputes in the case.
June 24, 2015
Salus Maintains Push To Convert RadioShack To Ch. 7

Salus Capital Partners LLC is continuing its push to have RadioShack Corp.'s bankruptcy restructuring converted to a Chapter 7, arguing the best way to maximize recoveries for the retailer's creditors is to liquidate the company's remaining assets.
June 18, 2015
Texas Fights For $43M In Unused RadioShack Gift Cards

Texas' attorney general moved Thursday to recover $43 million in unused RadioShack Corp. gift cards, saying the funds should be dispersed to the bankrupt electronics retailers' consumers and any leftover funds belong to the states.
June 16, 2015
RadioShack Wins Nod For $50M Real Estate Sale

RadioShack Corp. added to its string of Chapter 11 asset sales on Tuesday, getting the blessing of a Delaware bankruptcy judge for a pair of real estate deals that will bring the retail icon more than $50 million.
June 15, 2015
RadioShack Reveals Ch. 11 Plan That Will Likely Short IRS

RadioShack Corp. unveiled its Chapter 11 liquidation plan in Delaware bankruptcy court Friday, reporting that claims brought by the IRS — which has presented the fallen retailer with a potential tax bill topping $100 million — are unlikely to be paid in full.

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