A spokesperson for Lowenstein Sandler tells PW (but, as far as we can tell, not Barron’s or the Financial Times) that the two sources where claimed some publishers had hired the firm as counsel regarding Borders’ receivables were “incorrect.” Separately, we note that an online forum for Borders employees quotes a memo from ceo Ron Marshall after the chain reported disappointing holiday sales earlier this month: “Based on our results this holiday, we have some difficult changes to make in the days and weeks ahead within our organization. There is no way around it–without increasing sales, we are forced to […]
