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RadioShack cleared for another exit from bankruptcy
October 27, 2017 / 11:38 AM / 22 days ago

RadioShack cleared for another exit from bankruptcy

A judge said on Wednesday he would approve RadioShack’s plan for emerging from its second bankruptcy in a little over two years, which will leave the once-national electronics retail chain with only a handful of stores.

Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court in Delaware said at a hearing he was convinced the plan is feasible and that RadioShack could reach a deal with Sprint Corp on some lingering disputes over liability releases and an exculpation provision so that the plan could be confirmed.

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