Kozyak Tropin & Throckmorton is a complex commercial litigation firm founded in 1982 that focuses its practice on bet-the-company commercial cases, class actions, healthcare and bankruptcy matters.
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Here’s what will happen to your Sears warranty if the company goes bankrupt
/in In the News /by Diane McDermottAlbert Barrera of Odessa, Texas, walked into a Sears store recently with a pressing question for the manager: “If Sears closes, who will service my refrigerator?”
Amazon Is Causing Catastrophe by Being the Most Disruptive Force in Retail and Technology Today
/in In the News /by Diane McDermottIt’s no secret that Amazon (AMZN) is upending retail, with a new bankruptcy filing or store closure announcement coming nearly every day since the beginning of March from traffic starved bricks-and-mortar retailers.
Fashion brands go out of style faster
/in In the News /by Diane McDermottAmerican Apparel bit the dust. So did Nasty Gal. BCBG Max Azria filed for bankruptcy as did teen retailer Wet Seal. The fashion industry long has been a fickle beast, with trends rising and dying sometimes in the space of weeks. But changing consumer habits — including the emergence of e-commerce and the decline of traffic at many malls — is further shortening the life cycle for many fashion brands, analysts said.
Sears Has Finally Admitted That It’s Almost Dead
/in In the News /by Diane McDermottAs TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that “substantial doubt exists related to the company’s ability to continue as a going concern.” For those clickbait-loving headline writers out there with no financial services training: what Sears essentially said is that yes, it’s unsure if it could stay in business. Well, duh.
Fashion brands — including several L.A. retailers — are dying off as consumer habits change
/in In the News /by Diane McDermottAmerican Apparel bit the dust. So did Nasty Gal. BCBG Max Azria filed for bankruptcy, along with teen retailer Wet Seal.
Fossil Is Still Making Billions of Dollars Selling Watches, but Its Stock Looks Like a Broken Clock
/in In the News /by Diane McDermottFossil Group (FOSL) may not be dying like Sears (SHLD) undoubtedly is, but it definitely appears to be struggling right along with nearly every other retailer.
Health Care Bankruptcy: Not An Ordinary Chapter 11 Case
/in In the News /by Diane McDermottVarious factors including increased competition and reimbursement landscape challenges led hospitals and other health care providers to file for bankruptcy over the last few years. For the remainder of 2017, due in part to the current uncertainty in the health care industry and its legislative oversight, more financially distressed providers are considering Chapter 11 bankruptcy to effectuate closures, consolidation, restructurings and related transactions.
‘Year of Retail Bankruptcies’ Looms
/in In the News /by Diane McDermottIn a retail environment where consumers are increasingly shifting their shopping habits online, companies that depend on actual foot traffic are yielding an avalanche of dismal earnings reports.
How teens and smartphones are killing teen-fashion retailers
/in In the News /by Diane McDermottMipri Haye, a high school junior, is on Instagram and Snapshot daily, showing off her latest outfits to her girlfriends.
How teens and smartphones are killing teen-fashion retailers
/in In the News /by Diane McDermottRetail experts say such prolific use of social media by Haye and others is driving the rapid success of some teen retailers, and causing the quick demise of others. Teen brands have also been among the slowest to close their brick-and-mortar stores and grow their websites
People on the move
/in In the News /by Diane McDermottKozyakTropin& Throckmorton announced that partner Javier A. Lopez has been named a recipient of the Hispanic National Bar Association’s Top Lawyers Under 40 award. Lopez will be honored during the HNBA Corporate Counsel Conference in Miami on March 31.
Teen fashion retailers struggle to keep up
/in In the News /by Diane McDermottTeen apparel retailer Aeropostale’s 2016 bankruptcy filing wasn’t a surprise considering the company had been struggling for years.