world's slowest liquidation. Close all of them, they promised jobs, they deliver pink slip. Judge Drain is a an a– kisser who probably plays golf with Lampeter and Mnuchin. Crooks, all of them
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the liquidators can only close so many at a time. June 50% more close, then fall ,the balance close
Now if you think about this logically - they did preserve some jobs for a period of time. If the judge would have let the case go to Chapter 7 there would have been many more layoffs in a quicker period. Anybody sitting around thinking they were saved from the axe and had a long term job with Transformco... well that's a whole new level of stupid. One other benefit of the slow liquidation is that the market isn't flooded with empty commercial real estate. I would think the likely JC Penney bankruptcy is speeding up Crazy Eddies plan.