ALCO Stores, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On December 3, 2014, an objection to the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of ALCO Stores, Inc. and its affiliates.

The filing was assigned docket number 416 and is described on the court’s official docket as follows:

Objection to (related document(s): [307] Motion Of The Debtors And Debtors In Possession For An Order Authorizing And Approving The Performance Based Incentives For Key Employees. filed by Debtor ALCO Stores, Inc.) Limited Objection of Allegro Media Group to the Motion of the Debtors and Debtors-in-Possession for an Order Authorizing and Approving the Performance-Based Incentives for Key Employees filed by Creditor Allegro Media Group. (Attachments: # (1) Exhibit A # (2) Exhibit B) (Elmore, Mark)

ALCO Stores, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 12, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Texas . The case number for the lead bankruptcy case is 14-34941. The bankruptcy case is currently assigned to United States Bankruptcy Judge Stacey Jernigan. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to ALCO Stores, Inc. in the bankruptcy case.


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