Now that Borders has sold its intellectual property and liquidated all remaining stores, the bankrupt retailer said in a court filing Tuesday that it intends to distribute remaining assets that have not been abandoned or sold already through a liquidating trust. “Holders of equity interests shall neither receive nor retain any property under the plan,” the company said in court papers, which means any remaining shareholders, whoever they are (stock traded at 2 cents on the pink sheets most recently) will end up with nothing. Creditors have until December 9 to approve or reject the plan, with a confirmation hearing […]
