Thread regarding Sears layoffs

NOTICE OF AGENDA OF MATTERS SCHEDULED FOR HEARING ON FEBRUARY 4, 2019 AT 10:00 A.M.

Docket 2367

Looks like a long day

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| 965 views | | 4 replies (last February 4, 2019) | Reply
Post ID: @OP+XpjvFOG

4 replies (most recent on top)

@XpjvFOG-3zhl I stand vindicated! You obviously know quite a bit about this so thanks for you post.

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Post ID: @3njf+XpjvFOG

Feb. 19 is the day the sale to ESL will close and money will actually move if it’s approved. This hearing isn’t going to last much longer than two days for a couple reasons:

Firstly, SHC isn’t the only bankruptcy case being heard by this Judge right now. It isn’t fair to move other cases around to accomodate SHC.

Secondly, and this is the big one, in cases without a jury (BK and appellate mainly) 95% of the arguments are done via briefs (what everyone is looking at in PrimeClerk), not during oral argument. It’s why SCOTUS only allots about 60 minutes of oral arguments (30 for each side), with the provision to add extra time if need be. (99.9% of cases end after the original 60 minutes.)

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Post ID: @3zhl+XpjvFOG

Ok. Thanks. A really long couple of weeks then.

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Post ID: @2aio+XpjvFOG

It was scheduled to be a two day hearing. But the end date has been extended to at least Feb 19th,

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Post ID: @2jap+XpjvFOG

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