Brookstone Holdings Corp. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 10, 2014, an objection to the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Brookstone Holdings Corp. and its affiliates.

The filing was assigned docket number 497 and is described on the court’s official docket as follows:

Objection of Marketplace Philadelphia, LP, Marketplace Washington, LLC, and Galleria Mall Investors LP to Debtors (I) Motion to Authorize (A) the Debtors to Assume Plan Sponsorship Agreement; (B) Approving Bidding Procedures in Connection with an Auction for Plan Sponsorship; (C) Approving Certain Stalking Horse Protections; and (D) Authorizing and Scheduling a Date and Time for an Auction Pursuant to such Procedures; and, (II) The Notice of Possible Assumption of the Debtors Executory Contracts and Unexpired Leases and Proposed Cure Amounts; and, (III) the Notice of Assumption Schedule (related document(s)[58], [241], [265], [378], [433]) Filed by Marketplace Washington, LLC, Galleria Mall Investors, LP, Marketplace Philadelphia LP (Attachments: # (1) Exhibits A – B # (2) Certificate of Service) (Heilman, Leslie)

Brookstone Holdings Corp. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 3, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 14-10752. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of K&L Gates LLP is acting as lead bankruptcy counsel to Brookstone Holdings Corp. in the bankruptcy case.

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