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Bookselling: Borders Lease Writedowns; Joseph-Beth Bankruptcy Proceedings; Easons Turmoil; and More

March 7, 2011
By Sarah Weinman

Borders‘ motion to vacate unexpired leases for four stores in the midwest was approved by New York Bankruptcy Court late last week, reducing the amount of rent Borders is obligated to pay by approximately $245,000 per month. Affidavit [PDF] Last week, Joseph-Beth Booksellers sought more time from bankruptcy court to file a reorganization plan, which was originally […]

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Filed Under: Bookstores, Legal, News

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