Cache, Inc. 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 February 20, 2015, 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 Cache, Inc. and its affiliates.

The filing was assigned docket number 153 and is described on the court’s official docket as follows:

Limited Objection of SLTS Grand Avenue II, L.P.; Crossgates Mall General company NewCo, LLC; DEstiny USA Holdings, LLC; and Pyramid Walden Company, L.P. to Debtors’ Motion for Orders (I)(A) Authorizing Entry Into Agency Agreement, (B) Authorizing Bidding Protections, (C) Authorizing Bidding Procedures and Auction and (D) Scheduling Sale Hearing and Approving Notice Thereof; (II) Authorizing (A) Sale of Assets and (B) Store Closing Sales and (III) Granting Related Relief. (related document(s)[13], [14], [63], [71]) Filed by Crossgates Mall General Company NewCo, LLC, Destiny USA Holdings, LLC, Pyramid Walden Company, L.P., SLTS Grand Avenue II, LP (LCN)

Cache, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 4, 2015. 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 15-10172. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to Cache, Inc. in the bankruptcy case.


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