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Article Date: May 2017
Word Count: 233

Court Orders TSA Consignment Vendors to Pay Up

The DE bankruptcy court agreed with WSFS, the remaining secured creditor, that a number of vendors who agreed to a settlement of their claims with the bank must pay what they owe under the agreement or face contempt charges and sanctions from the court. Some 36 vendors had not fully paid WSFS some $2.6 million that the court agreed was owed to the bank under terms of a settlement agreement last year in which the trade creditors agreed to ease restrictions on selling their merchandise in the GOB sales for Sports Atrocity in return for collecting a percentage of the ... Log in to view full article.


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