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This Just In.(Bodman, Longley and Dahling L.L.P plans to move headquarters)(Collins and Aikman Corp filed for bankruptcy)(Eddystone Hotel of detroit renovation)
Madison Marquette has deal for Kmart site Washington-based Madison Marquette Realty Services L.P., confirmed last week it wants to buy Kmart's 45-acre office complex in Troy at the northwest corner of Big Beaver Road and Coolidge Highway. " Madison Marquette has...
Ex-Kmart exec pays $2m for part in scam
NEW YORK -- Former Kmart executive William Mayville, who in November was accused by the company of stealing millions during the bankruptcy liquidation of the company's assets, agreed to post $2 million in escrow. Kmart filed a federal lawsuit claiming that Mayville, former divisional vp for purchasing, conspired with two...
Bankruptcy Court streamlines rules - to drum up business.(News)
Byline: Brent Snavely A set of 17 new rules designed to streamline the administration of large bankruptcy cases and aimed at attracting more such cases to Detroit takes effect today in U.S. Bankruptcy Court in Detroit and will be evaluated over th Byline:...
Leaks slow recovery Top Chicago-ares corporations see major changes during 2004.(Business)
Byline: Mike Comerford Daily Herald Business Writer During election years Uncle Sam gets out the pump for the economy but 2004 sprang some leaks. The Federal Reserve Bank pumped liquidity into the economy and wartime spending for Iraq and Afghanistan meant federal...
Kmart's muscle much reduced in wake of bankruptcy.
By Patti Bond, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News By Patti Bond, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News
Kmart Still Faces Some Problems after Emerging from Bankruptcy.
By Greta Guest, Detroit Free Press Knight Ridder/Tribune Business News By Greta Guest, Detroit Free Press Knight Ridder/Tribune Business News
An end to complacency: the 7th Circuit rules against critical vendor payments.).(An end to complacency: the 7th Circuit rules against critical vendor payments.)
The comfort level that credit executives have reached in the last several years regarding "critical vendor" treatment has come to an end. This is the first time this issue has reached the Circuit Court level, and this is the first case of The comfort...
Seventh Circuit affirms lower court order rejecting preferred treatment for critical vendors.(Bankruptcy news: extra, extra!)
The United States Court of Appeals for the Seventh Circuit in the mart case affirmed the District Court's reversal of an order proving Kmart's payment of the pre-petition claims of "critical vendors". Kmart paid approximately $300 million The United States Court of Appeals for...
Kmart hits paydirt--first profit since chill.
TROY, MICH. -- Building margins at a heady pace, and at the same time holding the line on costs and shredding its stockpiles, Kmart recorded its first profit since emerging from bankruptcy, with $276 million in earnings, reversing a year-before los TROY, MICH. --...
Summary of Significant Judicial Developments Affecting Secured Financing 2002 - 2003 Part Two
Lender Liability Cardinal Fastener & Specialty Co. v. Progress Bank, 67 Fed.Appx. 343 (6th Cir. 2003) (Secured creditor who took over management of borrower to liquidate its collateral not liable to borrowers' creditors under theory of successor liability.) Allied Nut & Bolt Co. ("Allied") borrowed $2 million from Progress Bank,...
Kmart seeks $327M in refunds after landmark ruling.(News)
Byline: Brent Snavely Kmart Holding Corp. said last week that a 3-0 ruling by the 7th U.S. Circuit Court of Appeals makes it clear that 2,330 companies should return about $327 million in payments Kmart distributed to vendors during the early stag Byline:...
Legal notes
Capital Factors, Inc. v. Kmart Corporation In re Kmart Corporation, 2003 WL 1868753, April 10, 2003 Opinion ("Critical trade vendor order" in Kmart Chapter 11 held to be inappropriate.) If there were a bankruptcy decision-of-the-month club, the likely winner for April 2003 would be this one. The decision, which has...
Kmart Creditors Get Moving as Retailer Comes Out of Bankruptcy.
By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News
SEC Files No Claims against Kmart as Retailer Emerges from Bankruptcy.
By Jennifer Dixon, Detroit Free Press Knight Ridder/Tribune Business News By Jennifer Dixon, Detroit Free Press Knight Ridder/Tribune Business News
Gritty Arena Awaits Kmart as It Emerges from Bankruptcy.
By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News
Kmart Emerges from Bankruptcy, but Faces Challenges.
By Debbie Blossom, Tulsa World, Okla. Knight Ridder/Tribune Business News By Debbie Blossom, Tulsa World, Okla. Knight Ridder/Tribune Business News
Salina, Kan., Kmart Plans Celebration to Mark Emergence from Bankruptcy.
By Tim Unruh, The Salina Journal, Kan. Knight Ridder/Tribune Business News By Tim Unruh, The Salina Journal, Kan. Knight Ridder/Tribune Business News
Green light at Kmart: Judge gives OK for chain to emerge from bankruptcy.
After making payments to its video and music suppliers and beating back a flurry of last-minute objections from disgruntled creditors, mass merchant Kmart Corp. is set to emerge from bankruptcy on or about May 5. Federal bankruptcy court Judge ...
Judge Approves Kmart's Plan to Emerge from Bankruptcy.
By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News
Kmart to Promote Vice President to Treasurer after Bankruptcy Plan is Approved.
By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News By Gary Haber, Detroit Free Press Knight Ridder/Tribune Business News
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K Mart Company Info
NAICS Code
Department Stores (except Discount Department Stores): 452111Brought to you by IBM
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