The founder and CEO of Authentic Brands Group submitted the winning bid late Tuesday to purchase Brooks Brothers for $325 million. Jamie Salter doesn’t like to lose. The founder and chief executive officer of Authentic Brands Group has created a $12 billion business in a decade, rounding up a stable of well-known fashion brands including […]
Jamie Salter, the $12 Billion Man Read More »
The list of bankruptcy filings in the fashion and retail space continues to grow longer with each passing day, so much so that some are beginning to wonder: are they banking on Chapter 11 filings as the way out of 2020’s unending pressures?In some cases, maybe. In others, maybe not. But companies wondering whether they
Is Fashion Using Bankruptcy as a Lifeline? Read More »
Amini LLC has obtained a significant outcome in its pro bono representation of Imhotep H’Shaka, a prisoner in the New York State prison system. After nearly a quarter-century in solitary confinement, he has finally been returned to general population within a maximum-security prison. During the vast majority of his 24-year-plus stint in solitary, he spent
A New York federal bankruptcy judge on Monday recommended a judgment of $41.8 million against distressed-debt maverick Lynn Tilton after a bench trial in a Chapter 7 trustee’s adversary case over the collapse of ambulance company TransCare Corp.U.S. Bankruptcy Judge Stuart M. Bernstein also levied a $39.2 million judgment against Tilton’s private equity firm Patriarch
Lynn Tilton Faces $41.8M Loss After Ch. 7 Trial Read More »
Dear Clients and Friends: Amini LLC just received a very significant decision from U.S Bankruptcy Judge Stuart M. Bernstein in a case we tried last summer against Lynn Tilton, chief executive officer and sole principal of Patriarch Partners, LLC and its affiliated entities, a holding company managing 75 companies: almost $42 million against her personally
Amini LLC wins $42 million bankruptcy decision Read More »
While the Payroll Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (CARES) has captured the headlines these past few days, this amendment to the 2019 Small Business Reorganization Act (SBRA) that went into effect on February 19, 2020, should not be overlooked by small businesses. For the next year, small businesses with
Timely Relief to Help Small Businesses Reorganize Read More »
By the Small Business Reorganization Act of 2019, which became effective February 1, 2020, a new Subchapter V was added to Chapter 11 of the Bankruptcy Code, which relieves debtors of certain requirements, with the intention of streamlining Chapter 11 cases for small business debtors with debt below a specified threshold. (Under the CARES Act,
Small Business Reorganization Act of 2019 Subchapter V Read More »