Bankruptcy Law News

Pier 1 Joins Retailers Citing Court Ruling to Skip Rent (1)

April 6, 2020, 7:20 PM

Retailers have a new tool to use in the scuffle between landlords and tenants: a court ruling that could help them withhold rent.

Pier 1 Imports Inc. is the latest retailer to seize on the precedent, asking a judge to let it skip rent payments amid the coronavirus outbreak that has shuttered stores across the U.S. The judge overseeing Pier 1’s case signed an order approving the retailer’s request on Monday.

The move came after a judge in New Jersey late last month approved Modell’s Sporting Goods Inc.’s request to pause its bankruptcy until the end of April, allowing...

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