Sunday, July 05, 2015
Current Weather
Loading Current Weather....
Published: Thursday, 8/11/2011

Judge OKs auction of Borders name, assets


NEW YORK — A bankruptcy judge authorized Borders Group Inc. Wednesday to auction its name and real estate assets, the latest step in the liquidation of the nation’s second-largest bookseller.

U.S. Bankruptcy Judge Martin Glenn granted Borders’ request for an auction for intellectual property Sept. 14, including its trademarks, Web site, brand name and customer lists.

Judge Glenn also gave Borders permission to split its remaining leases into two groups and hold auctions for them on Aug. 31 and Sept. 13. The first group consists mainly of leases that must be assumed or broken by Sept. 30, as well as leases for some smaller stores.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories