Capitol Peak Partners and KKR & Co. secure Auction for Borden Dairy

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Customer oriented funding firm, Capitol Peak Partners and KKR & Co. secured a victory in buying a milk producing company known as Borden Dairy. The former chairman and chief executive of Dean Foods Co., Gregg Engles, who is now in charge of Capitol Peak, has always been a competitor to Borden. KKR was a major lender for the company, however, it hit a rough patch in January with a decreased milk consumption rate in the US. This decrease in profits prompted Borden to request Prairie Farms Dairy as a back up bidder according to court documents.

Is filing bankruptcy the only option you have? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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Brooks Brothers Enters Bankruptcy Filing

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  Brooks Brothers, the clothing store, will be joining the slew of unfortunate bankruptcy filings. Since the filing, the two most successful companies, Authentic Brands Group LLC and Simon Property Group Incorporated are partnering up to bid for the 200-year-old chain.  Prior to the outbreak, expensive clothing lines, including Neiman Marcus Group and Dean & DeLuca, have had a difficult few years, leaving Brooks Brothers as just another front to take a hit in sales.

Due to weddings, graduations, proms, and other ceremonial events being cancelled, the “suit and tie” apparel has been traded for a more relaxed look with potential customers now working from home.

Considering bankruptcy? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment. 

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Skillsoft Corporation Files for Bankruptcy

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Recently, Skillsoft Corporation, an e-learning company, announced they will be filling for bankruptcy. They have agreed to an agreement of restructuring its $2 billion debt to $410 million. The filing took place at the US Bankruptcy Court of Delaware, in which the court documents say the company has assets of up to $1 million and liabilities near $10 billion. As of now, the company says this does not affect any of their current employees and they plan to continue to operate business through this restructuring process.

Struggling financially? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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Law Office Radio Ad Times

This week we will have radio ads on 99.7

Monday, June 15th at: 7:13AM, 9:13AM, 11:42AM, and 6:42PM

Tuesday, June 16th at: 6:30AM, 7:46AM, 10:42AM, and 2:42PM

Wednesday, June 17th: 6:30AM, 11:15AM, 1:14PM, and 4:13PM

Tune in and listen to the station to hear how we can help you with personal injury or visit mykclawyer.com

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URGENT: POWER IS OUT

At this time, our power is out and our phones are down. Please direct any questions, comments, or concerns to reception@hoorfarlaw.com

We apologize for any inconvenience, thank you.

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Simon Property Group Suing GAP for Unpaid Rent

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The country’s largest mall owner, Simon Property Group, is filing a lawsuit against Gap Inc. for missed rent payments. The landlord says the company has withheld rent for the past 3 months and owes over $66 million in total, this includes attorney’s fees as well.

A spokesperson for Gap says, they are looking to work with the landlord and mutually agree on fair rent terms considering the affect Covid-19 has had on shopping centers. He even added, in early April, he was considering renegotiating lease agreements with their landlord but never went through with it.

Are you up against a lawsuit? Please contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to see what our attorney’s can do for you!

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Ex- U.A.W. President Pleads Guilty

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Ex-U.A.W. President, Gary Jones pleaded guilty to embezzling union funds. Per an agreement with federal prosecutors, Jones admitted to using more than $1 million of those funds for vacation rentals, golf outings, clothing, liquor, and expensive meals. Abiding by the plea agreement in place, he agreed to be penalized for more than $140,000 in cash that he acquired illegally. He will be sentenced anywhere from 47 to 56 months, per federal guidelines, on October 3rd.

Facing a lawsuit? Contact our office at 816-524-4949 or you can schedule an appointment on our website at hoorfarlaw.com.

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Topeka YMCA Files for Bankruptcy

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With the unforeseen circumstances due to the pandemic, the Topeka YMCA has asked to file for bankruptcy. The president and CEO, John Mugler said because the organization was shutdown for two months, bankruptcy seems to be the most reasonable action to make financially. However, the organization has plans to remain open for their childcare services and their health and fitness programs during this difficult time.

Are you contemplating bankruptcy? We are here to help. Contact us at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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New York & Co Owner Says a Bankruptcy Filing Fits

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         The owner of New York & Co., RTW Retailwinds Inc. is next on the long list of businesses facing the difficult decision of whether or not they should file for bankruptcy. Prior to the pandemic, and the stay at home order in place in some states, the owner expressed he was closing 30 stores and would be looking into subleasing office space in those stores.

Considering bankruptcy? Give us a call at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule a consultation appointment!

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Wells Fargo Ends Providing Loans to Most Independent Car Dealerships

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Wells Fargo & Co will put an end to providing loans to a larger part of its private auto dealer customers. This decision was made based upon the current economic challenges faced due to the Covid-19 pandemic. The company’s spokesperson said in a recent interview that they will continue to do business with customers who have seniority, but unfortunately will no longer be accepting any new loan applications. On the upside, the bank has been working proactively and has set aside $4 billion to cover the loan losses affected by the coronavirus outbreak.

Are you financially affected by the coronavirus outbreak? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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