The company’s board approved a previously announced restructuring plan aimed at lowering its cost structure that was under discussion prior to the full impact of the coronavirus outbreak being known.

SportCo Creditors’ Liquidation Trust has sued Wellspring Capital Management, various related entities and its principals, accusing them of gross mismanagement and self-dealing that ultimately resulted in the sporting goods distributor’s bankruptcy filing last summer.

Outdoor Retailer Summer Market has been cancelled, to no one’s surprise, after attempts to postpone or reschedule the event failed due to logistical issues and feedback from retailers, reps and brands.