On June 18, 2014, a motion for setoff or recoupment of claims was filed in the bankruptcy case of Coldwater Creek Inc. and its affiliates.
The filing was assigned docket number 595 and is described on the court’s official docket as follows:
Motion for Relief from Stay / Motion of Groupon, Inc. for Relief from the Automatic Stay Pursuant to 11 U.S.C. §§ 105(a), 362(d) and 553(a) to Permit Groupon, Inc. to Exercise Rights of Recoupment and/or Setoff . Fee Amount $176. Filed by Groupon, Inc.. Hearing scheduled for 7/10/2014 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/3/2014. (Attachments: # (1) Notice # (2) Declaration of John Kolb # (3) Proposed Form of Order # (4) Certificate of Service) (Demmy, John)
Coldwater Creek Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 11, 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 14-10867. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Shearman & Sterling LLP is acting as lead bankruptcy counsel to Coldwater Creek Inc. in the bankruptcy case.