Modell’s Settles with Liquidation Trustee
The U.S. Bankruptcy Court for the District of NJ approved the $22.7 million settlement reached in Apr., between the trustee in charge of liquidating bankrupt Modell’s Sporting Goods, former CEO Mitch Modell and former CFO Eric Spiel, along with holding company Henry Modell & Co., and a number of affiliated real estate entities. The deal calls for a payment of $15 million in cash and a ... Log in to view full article.
