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Published on 5/30/2008 in the Prospect News Distressed Debt Daily.

Linens 'n Things gets court OK for Tiger Capital/SB Capital joint venture to begin liquidation sales

By Jennifer Lanning Drey

Portland, Ore., May 30 - Linens Holdings Co. was granted court approval to appoint a joint venture between Tiger Capital Group LLC and SB Capital Group, LLC as liquidating agent in connection with the company's going-out-of-business sale, according to a company news release.

The approval came Friday from the U.S. Bankruptcy Court for the District of Delaware.

The going-out-of-business sale will begin May 31 in 120 of Linens' more than 500 stores.

Linens 'n Things, a Clifton, N.J., home furnishings specialty retailer, filed for bankruptcy on May 2 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-10832.


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