Lowenstein Sandler has been selected as counsel to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Modell’s Sporting Goods. The New York-based, family-owned sporting goods retail chain, known for its “Gotta go to Mo’s” slogan, filed for Chapter 11 protection on March 11, 2020, in the U.S. Bankruptcy Court for the District of New Jersey. The filing follows the company’s determination that a going concern sale was “no longer viable” after an impasse with a potential acquisition partner and failed attempts with vendors and landlords on an out-of-court restructuring. Modell’s reported approximately $220 million in assets and $288 million in liabilities. The Lowenstein team includes Jeffrey Cohen, Nicole Fulfree, and Michael Papandrea.
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