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At the time of the commencement of its Chapter 11 case, Sports Authority had a consignment program in place with approximately 160 of its vendors, under which vendors retained title and ownership of their goods until the sale of their goods to retail customers. On March 2, 2016, Sports Authority filed a “first day” motion that proposed to allow Sports Authority to sell the consignment goods without paying the vendors.
In the CLE-accredited webinar “The Anatomy of an Inter-Creditor Dispute in the Sports Authority Case,” David Kupetz will discuss the battle involving consignment vendors, the debtor, and the under-secured term lender in Sports Authority’s Chapter 11 case. This battle had a significant impact on Sports Authority’s attempt at reorganization, and was a central focus of the case from the first day until a monumental settlement was achieved four months later. Mr. Kupetz’s firm’s primary client in this case is a consignment vendor who played a leading role in this battle.
In the webinar, Mr. Kupetz will also cover: