October 31, 2019 / 9:11 PM / a month ago

IN BRIEF: Bankrupt retailer Fred's notches property sales worth $38 mln

The judge overseeing the bankruptcy liquidation of Fred’s Inc has approved the discount retailer’s sale of 56 of its stores and a distribution center in deals worth $38 million.

Judge Christopher Sontchi of the U.S. Bankruptcy Court in Delaware at a hearing on Wednesday signed off on the sales, posted during an auction on Monday.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2JCe2Wn

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