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Modell’s Sporting Goods Poised to File for Chapter 11 Bankruptcy

By Thomas S. Onder on March 10, 2020
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Modell’s Sporting Goods, the 130-year old athletic gear company with 140 leases, appears to be readying for Chapter 11 bankruptcy protection. The New York Post reported that the company has ceased both seeking an investor and better terms from its vendors.

The Real Deal reported that the company may have Denver-based sportswear retailer JackRabbit as a buyer. JackRabbit purchased Olympia Sports last year.

If Modell’s files, it will join prior sporting goods retailers, who have filed for bankruptcy protection during the last few years, including Sports Authority, EMS, and Gander Mountain.

If you have a Modell’s Sporting Goods lease in your portfolio or if you are a trade creditor owed money, Stark & Stark’s Shopping Center & Retail Development Group can help.

Our bankruptcy attorneys regularly represent landlords throughout the country, including recently in the Eastern District of Missouri, District of New Jersey, Southern District of New York, District of Delaware, District of Minnesota and the Western and Eastern Districts of Pennsylvania regarding a variety of issues.

Our Group has been counsel to landlords and trade creditors in the Pier 1, Art Van’s Furniture, Fairway Market, Mattress Firm, Toys “R” Us, Payless, Eastern Outfitters (EMS Part 2), EMS, Golfsmith, RadioShack, General Wireless (RadioShack 2), Gander Mountain, A&P, Joyce Leslie, rue21, Central Grocers and Sports Authority chapter 11 bankruptcy cases.

For more information on how Stark & Stark can assist you, please contact Thomas Onder, Shareholder, at (609) 219-7458 or tonder@stark-stark.com or Joseph Lemkin at (609) 791-7022 or jlemkin@stark-stark.com.

Photo of Thomas S. Onder Thomas S. Onder

Thomas S. Onder is a member of the Shopping Center & Retail Development Group, as well as a member of the Real Estate, Litigation, and Bankruptcy & Creditors’ Rights Groups of Stark & Stark.  Mr. Onder is active in the International Council of…

Thomas S. Onder is a member of the Shopping Center & Retail Development Group, as well as a member of the Real Estate, Litigation, and Bankruptcy & Creditors’ Rights Groups of Stark & Stark.  Mr. Onder is active in the International Council of Shopping Centers (“ICSC”) and concentrates his practice in the area of commercial leasing and litigation, focusing in commercial landlord disputes and secured transactions before state and federal courts in New York and New Jersey, as well as the Federal Claims Court in Washington, DC.

Read more about Thomas S. OnderEmail
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  • Posted in:
    Civil Litigation
  • Blog:
    New Jersey Law Blog
  • Organization:
    Stark & Stark
  • Article: View Original Source

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