The new motion asserts that the best course of action now is to convert the case to liquidation proceedings as The Sports Authority will have completed its inventory sell-off and closed its stores by the end of the month, leaving at least some $50 million in post-petition claims unpaid. It still refers to the $71 million claim by WSFS as part of the contested settlement agreement as an “alleged claim,” suggesting that it plans to continue fighting against the settlement. They argue that, if approved by the court, the TSA case will have decimated the 503 bankruptcy clause which was ... Log in to view full article.