Norstan Apparel Shops Inc.

Shareholders beware! In light of circuit split, venue may be critical in determining whether shareholders who sell their shares of a company in a leveraged buyout are protected from subsequent avoidance actions in a bankruptcy case.
Mondaq Business Briefing; 10/24/2008; 1463 words; ...of a company in a LBO. In In re Norstan Apparel Shops, Inc., 367 B.R. 68 (Bankr. E...markets were not involved. The Norstan Apparel court noted that a stretch...For example, in QSI Holdings, Inc. v. Alford, 382 B.R. 731...

Last in Line
American Bankruptcy Institute Journal; 4/1/2008; 2974 words; ...with the narrow definition approach applied in Official Comm. of Unsecured Creditors of Norstan Apparel Shops Inc. v. Lattman (In re Norstan Apparel Shops Inc.), 367 B.R. 68 (Bankr. E.D.N.Y. 2007), in which Chief Bankruptcy Judge...

Benchnotes
American Bankruptcy Institute Journal; 2/1/2008; 1754 words; ...to limit the protection of 546(e) to publicly traded securities. A different result was reached in In re Norstan Apparel Shops, Inc., 367 B.R. 68 (Bankr. E.D.N.Y. 2007), where Chief Bankruptcy Judge Carla E. Craig found that...

Wahle, Baumlin named to top Levitz posts.(Elliott Wahle)(Tom Baumlin)(Levitz Furniture Inc.)
Furniture-Today; 5/8/2006; 943 words; ...former Levitz Home Furnishings Inc. assets out of Chapter 11...previously served as CEO of Norstan Apparel Shops, a privately held apparel retailer that operated the...publicly traded Canadian specialty apparel company, where he led its...

New executive team to lead Levitz's revitalization.(Levitz Furniture Corp. appointed Elliott Wahle and Tom Baumlin)
Furniture-Today; 4/30/2006; 1336 words; ...former Levitz Home Furnishings Inc. assets out of Chapter 11...previously served as CEO of Norstan Apparel Shops, a privately held apparel retailer that operated the...publicly traded Canadian specialty apparel company, where he led its...