Linens 'n Things Creditors Seek to Broaden Probe

Felgner, Brent
November 2008
Home Textiles Today;11/17/2008, Vol. 29 Issue 29, p2
Trade Publication
The article reports that the Linens 'n Things Inc. (LNT) creditors committee is seeking to extend its investigation of the retailer's financial dealings. It notes that the Official Committees of Unsecured Creditors seeks to delve into the company's financial transactions from its going-private transaction in 2006 to its bankruptcy filing. The move is intended to bring the company a reasonable financial recovery after its liquidation due to a heavily collaterized debt structure.


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