JLM Couture Inc., maker of wedding dresses, has partially blamed its bankruptcy filing on intellectual property litigation tied to fashion designer Hayley Paige Gutman and pressure from creditors, including landlords.
The company filed for Chapter 11 protection in Delaware on Monday, listing between $1 million and $10 million in both assets and liabilities.
“The primary motivators for this decision stems from external challenges including the actions of Hayley Paige Gutman and pressure from legacy creditors, including potential liability stemming from New York City landlord-tenant issues aggravated by the pandemic,” JLM said in a statement.
Gutman has asked the Second Circuit ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.