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Borders Group

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  1. Bankruptcy Court
  2. Chapter 11 Bankruptcy
  3. Barnes & Noble
  4. Chapter 7 Bankruptcy
  5. Children's Place Retail Stores
  6. Chapter 13 Bankruptcy
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Borders gift card holders deserve nothing, judge rules

Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled on Wednesday.U.S. District Judge Andrew Carter said it would be unfair to other creditors of the former Borders Group Inc. to let gift card holders pursue recoveries from the bankruptcy estate.To do so, Carter explained, could upset a liquidation by Borders' bankruptcy trustee that is already "substantially" completed.He also said card holders failed to prove they met all the requirements for an exception, including that unsecured creditors whose interests might be harmed had been notified about the litigation and given a chance to object.The decision upheld an August 2012 ruling against the card holders by U.S. Bankruptcy Judge Martin Glenn in Manhattan.Borders had 642 stores when it filed for Chapter 11 protection from creditors in February 2011. It shut its doors seven months later.Clinton Krislov, a lawyer for the ...

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  1. Borders Begins Going-Out-of-Business Sales

    Going-out-of-business sales began on Friday at all of Borders Group Inc's 399 stores, according to a spokesman for one of the companies charged with liquidating the ...

  2. Borders demise seen a small help to Barnes & Noble

    By Phil WahbaNEW YORK (Reuters) - Bookstore chain Barnes & Noble Inc <BKS.N> will eventually feel a modest boost from the liquidation of its largest rival, Borders G...

  3. Borders to Liquidate Business

    Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators.Borders announced the decision on Monday, saying it was no...

  4. Liquidation Looms for Borders as Sale Collapses

    Borders Group may be forced to liquidate itself after a $215 million deal to sell itself to a private-equity investor collapsed overnight.Borders, the No. 2 U.S. boo...

  5. Borders defends auction plan amid landlords' ire

    By Nick BrownNEW YORK (Reuters) - Borders Group Inc <BGPIQ.PK> on Tuesday answered criticism from landlords who said the bankrupt bookseller has kept them in the dar...

  6. Landlords feel kept in dark by Borders sale plan

    By Nick BrownNEW YORK (Reuters) - A host of landlords are objecting to the sale process by which Borders Group Inc <BGPIQ.PK> hopes to auction itself out of bankrupt...

  7. Barnes & Noble results hurt by Borders bankruptcy

    NEW YORK (Reuters) - Barnes & Noble Inc <BKS.N>, the largest U.S. bookstore chain, reported a deeper quarterly loss on Tuesday as sales came under pressure from the ...

  8. Borders close to deal to avoid store closures

    NEW YORK (Reuters) - Bankrupt book store chain Borders Group Inc <BGPIQ.PK> said on Wednesday it canceled an auction to select a liquidator to close some of its most...

  9. Borders staves off closing of six bookstores

    By Nick BrownNEW YORK (Reuters) - Bankrupt Borders Group Inc <BGPIQ.PK> reached agreements to avoid shuttering six of its stores that the bookseller planned to close...

  10. Najafi Cos in discussions to buy Borders : report

    (Reuters) - Private-equity firm Najafi Companies is one of the suitors looking to buy the bulk of bankrupt bookseller Borders Group Inc's <BGPIQ.PK>, the Wall Street...

  11. Stock futures inch up; chain store sales eyed

    NEW YORK (Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Thursday following the previous session's sharp losses, with futures for...

  12. Borders to end cafe pact with Seattle's Best

    By Nick BrownNEW YORK (Reuters) - Bankrupt bookstore chain Borders Group Inc <BGPIQ.PK> plans to end a pact with Seattle's Best Coffee and to begin operating its own...

  1. Barnes & Noble chairman wants to take back superstores he founded

    Barnes & Noble Inc Chairman Leonard Riggio, joining a growing list of executives lining up to buy the fading companies they founded, offered to buy the bookseller's ...

  2. Barnes's Chairman Mulls Bookstore Buyout

    Barnes & Noble Inc.'s (BKS) chairman and biggest shareholder, Leonard Riggio, has expressed interest in buying out the retailer's consumer-bookstore chain, raising t...

  3. Barnes & Noble chairman may bid for company's bookstores: WSJ

    Barnes & Noble Inc Chairman Leonard Riggio is considering a bid for the company's bookstore business, the Wall Street Journal reported on Sunday, citing people famil...

  4. Barnes & Noble's Nook loss deepens, book sales slow

    Barnes & Noble Inc said the quarterly loss in its Nook division increased as the bookseller increased spending on its e-readers and tablets to keep pace with larger ...

  5. WSJ 2nd UPDATE: Barnes & Noble Loss Narrows, Helped by 'Fifty Shades'

    Improved results from Barnes & Noble Inc.'s (BKS) consumer stores group, ignited by the racy, hugely popular "Fifty Shades of Grey" erotic trilogy, enabled the books...

  6. Analysis: Best Buy seen pulling plug on UK megastores

    By Mark Potter and Dhanya SkariachanLONDON/NEW YORK (Reuters) - Best Buy Co <BBY.N> is likely to abandon its British megastores next year, retreating from an oversea...

  7. Analysis: Recession II? Probably not, staffing execs say

    By Nick ZieminskiNEW YORK (Reuters) - A sequel to the Great Recession in the United States just two years after the downturn is not likely because demand for tempora...

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