J. Crew Group Inc., struggling to stop a slide in sales of its iconic preppy apparel, sued the agent for its senior lenders to preempt a dispute about its plan to move assets beyond the reach of creditors (J. Crew Group, Inc. v. Wilmington Savings Fund Society, FSB, N.Y. Sup. Ct., No. 650574/2017, complaint filed 2/1/17).
J. Crew claims in the complaint, filed Feb. 1 in New York state court against Wilmington Savings Fund Society, that it didn’t violate the terms of its loan agreement on Dec. 5 when it invested some of its intellectual property in an ...
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