The bankruptcy court recently confirmed the re-organization, but a ten day period has to follow this so that any relevant parties can appeal if they wish to do so. KB Toys planed to emerge from the bankruptcy on 29th August. "I think we're fairly confident that the process will go as expected," Glazer said.
Glazer is set to resign as part of the re-organization, and his position will be taken by Gregory Staley. We plan to create a fun and customer-friendly shopping experience, full of new products and great prices," Staley said in a written statement. "KB Toys has a rich history – we expect the new KB Toys will be even better."
He added: "The plan of reorganization was based on certain projections. including the fact that the corporate headquarters will remain here in Berkshire County, and there will be no change for the local company in terms of our retail presence, either."
Topic Added October 11th, 2005
Thank you for choosing Lawcore.com!
Mesothelioma is one of the most deadly forms of cancer known to man. It is caused almost exclusively by exposure to asbestos - Find information on choosing a mesothelioma lawyer, the various types of mesothelioma, other illnesses caused by exposure to asbestos (namely Lung Cancer & Asbestosis), and more.
Yamaha Rhino ATV Rollovers & Accidents have been shown to cause serious injuries, including amputations, multiple surgeries, and even death. If you have been involved in a Rhino ATV accident and would like to learn more about a Yamaha Rhino Lawsuit or how to contact an ATV Accident Lawyer, click above for more information.
Have you been injured in an Auto Accident? Find a wealth of information on claims for injuries (Or even death) sustained in a car accident, car accident lawyers, statistics on auto accidents, insurance claim details, & how to reveive compensation for your damages.