News & Analysis as of

Chapter 11 Fashion Industry

Knobbe Martens

Will the Bankruptcy of “Forever 21” Strengthen IP Rights?

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For the second time since its founding in 1984, the fast-fashion movement leader, Forever 21, has filed for bankruptcy and is expected to close its over 350 U.S. locations and cease all operations in the U.S. The primary...more

Robins Kaplan LLP

Financial Daily Dose 6.26.2020 | Top Story: Federal Reserve Limits Bank Payouts and Suspends Share Buybacks

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The Federal Reserve has “temporarily restricted shareholder payouts by the biggest banks,” preventing stock buybacks and barring increases in dividend payments in the third quarter. ...more

Herbert Smith Freehills Kramer

A Look at Retail Restructurings: Forever 21

Kramer Levin was selected as counsel to the Official Committee of Unsecured Creditors of Forever 21 and its affiliates, which filed for Chapter 11 protection in Delaware on Sept. 29, 2019. Forever 21 is a specialty fashion...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Instagram co-founders Kevin Systrom and Mike Krieger have resigned over the direction of their app, which Facebook acquired in 2012. The pair has reportedly been frustrated of late by the increasing intervention of Facebook’s...more

Greenberg Glusker LLP

Retail Chapter 11 Filings Up, Bucking Bankruptcy Trends In Economic Recovery

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The economy is humming along and bankruptcy filings are at historic lows. Nevertheless, a recent trend in retail may suggest that the times, they are a changing....more

Morris James LLP

Streetwear Company, Karmaloop, Inc., Files for Chapter 11 Protection

Morris James LLP on

On March 23, 2015, Karmaloop, Inc., and one of its affiliates, KarmaloopTV, Inc., filed voluntary petitions under chapter 11 of the Bankruptcy Code in Delaware. Karmaloop is based in Boston Massachusetts. ...more

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