June 12, 2017
Calling the confirmation plan submitted by Payless a sham that would deprive unsecured creditors of potentially valuable claims relating to $350 million in dividends paid out to the private equity firms that owned the company, Payless’ unsecured creditor lawyers filed a strongly-worded objection to the plan proffered by Payless and asked the court to include a letter they have written to their clients in materials that are sent to creditors for confirmation.
Forbes published its annual list of the basketball players, past and present, with the highest estimated income from athletic footwear deals and, not surprisingly, MJ is still on top with $110 million from Nike.
Total revenue gained 7.3% to $809,460,000 from $754,454,000 for the month, and the Pou Sheng retail subsidiary saw sales increase 6.8 % to $228,511,000 from $213,957,000.
National parks had 29,488,959 visitors in May, down 9% from last year, while year-to-date visits inched up 1% to 105,978,066.