Judge OKs auction of Borders name, assets
8/11/2011NEW 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.