Judge rejects Hudson’s Bay proposal in creditor protection case

YOU SAID IT: Little guy gets shafted again

It's sad that Hudson's Bay, with a history of more than 350 years, is closing. We're hearing that there will be no severance pay for the employees losing their jobs but, lo and behold, there's a plan to give "retention bonuses" to upper management so that they don't look elsewhere during this shutdown, lest some miracle should happen to keep things open.

Judge Rejects Hudson’s Bay Proposal in Creditor Protection Case

An Ontario judge rejected a Hudson’s Bay restructuring agreement Saturday evening, increasing the likelihood that lenders may seek to push the company into receivership. In a written decision issued Saturday, Ontario Superior Court judge Peter Osborne said he declined to approve the agreement because it is “neither necessary nor appropriate at this time.” The agreement wouldn’t have just given the embattled department store an April deadline to …

A decision that increases the likelihood that lenders will seek to place the company in receivership.

Judge rejects Hudson’s Bay proposal in creditor protection case

On Saturday evening, an Ontario judge dismissed Hudson’s Bay's restructuring agreement, raising the chances that lenders could move to push the company into receivership.

Not a 'satisfying outcome': Hudson’s Bay proposal in creditor protection case rejected by judge

The agreement would have given the embattled department store an April deadline to rescue its remaining stores

Judge rejects Hudson's Bay proposal in creditor protection case

TORONTO — An Ontario judge rejected a Hudson’s Bay restructuring agreement Saturday evening, increasing the likelihood that lenders may seek to push the company into receivership. In a written decision issued Saturday, Ontario Superior Court judge Peter Osborne said he declined to approve the agreement because it is “neither necessary nor appropriate at this time.” […]