The Wet Seal, Inc. Bankruptcy New Filing Alert: Motion/Application For Approval Of A Settlement Pursuant To Rule 9019

On July 9, 2015, a motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of The Wet Seal, Inc. and its affiliates.

The filing was assigned docket number 822 and is described on the court’s official docket as follows:

Motion to Approve Compromise under Rule 9019 – Debtors Motion Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019 for an Order Approving and Authorizing the Stipulation Approving Remittance of Letter of Credit Proceeds Balance and Release of Claims Filed by Seal123, Inc.. Hearing scheduled for 8/14/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #6, Wilmington, Delaware. Objections due by 7/23/2015. (Attachments: # (1) Notice # (2) Exhibit A) (Greecher, Margaret)

The Wet Seal, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 15, 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 15-10081. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Klee, Tuchin, Bogdanoff & Stern LLP is acting as lead bankruptcy counsel to The Wet Seal, Inc. in the bankruptcy case.


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