LA JOLLA, Calif.–The Bankruptcy Court for the Southern District of New York has approved procedures for Fortunoff to sell its intellectual-property assets.
As reported by HFN, the defunct retailer has retained CONSOR Intellectual Asset Management to assist in the sale and marketing of these assets. The procedures that have been approved by the court include an auction scheduled for June 18 at the offices of Sidney Austin LLP in New York.
The court has established June 16 as the deadline for bids, and a sale approval hearing is scheduled for June 22.