JCK 5: In the Courts…



1. Englewood, Colo.–based Shane Co. is seeking an official exit from Chapter 11. The 20-store chain filed a reorganization plan that calls for Thomas Shane and various family trusts to retain ownership. 2. Los Angeles-based American International Gem­ol­ogists filed for Chapter 7 bankruptcy in July. Total assets are listed at $2,800 and liabilities at $216,724.11.3. The LP Watch Group—the Holly­­wood, Fla., maker of Lucien Piccard watches—has sought Chapter 11 protection. The 87-year-old group lists total assets as $10,567,549.50, and liabilities at $11,964,117.27.  4. Ex–Carlyle and Co. CEO Rus­sell Cohen is not liable for obliga­tions incurred by Adamas Partners, ruled the U.S. Bankruptcy Court, Southern Dis­­trict of New York. Cohen’s Adamas had agreed to buy 14 Carlyle stores, but pulled out when Rolex withdrew its support. 5. Cartier is suing “flash” site
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out