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Article Date: May 2017
Word Count: 175

Sports Atrocity Bank Sues Consignment Vendors

WSFS, the term loan banker, asked the DE bankruptcy court to enforce a June 30, 2016 agreement with vendors that have not paid amounts it claims are due under the terms of the settlement, and to sanction any vendors that did not comply with the order it is asking the court to enter. The settlement was reached after contentious litigation in the Sports Atrocity case over whether the bank’s lien on the inventory sold on consignment was superior to that of the vendors. A district court looking ... Log in to view full article.


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