• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • LinkedIn
  • Twitter
Bast Amron

Bast Amron

Miami Business and Bankruptcy Litigation Law Firm

  • Home
  • Who We Are
  • Our Team
  • What We Do
    • Litigation
    • Insolvency
    • Business
  • Our Work
    • Representative Experience
    • Case Highlights
    • Client Insights
  • News
    • Client Alerts
    • BA Blog
    • Articles
    • Events
    • In The News
    • The Practice Podcast
    • Business Advantage Forum
    • Careers
  • Contact Us

BA IN LAW360 “MODELL’S CH. 11 TRUSTEE ACCUSES EX-CEO OF SELF-DEALING”

BA IN LAW360 “MODELL’S CH. 11 TRUSTEE ACCUSES EX-CEO OF SELF-DEALING”

March 11, 2022 by Maylynn

March 11th, 2022 - Posted in In The News

MIAMI, FL- March 11, 2022- The liquidating trustee of Modell’s Sporting Goods Inc. launched a New Jersey bankruptcy court lawsuit accusing the great-grandson of the company’s founder of using his executive role and company resources to enrich his family-owned interests as the failing retailer descended into insolvency.

In a partially redacted adversary proceeding filed Thursday, March 10, in MSGI’s Chapter 11 case, MSGI Liquidation Trust alleged former company CEO Mitchell B. Modell rejected restructuring advice to shutter underperforming stores or find a buyer and instead forced the company to limp along amid falling profits to ensure it continued making store rent payments to real estate companies in which he owned a 50% stake.

Bast Amron is proud to be leading this litigation on behalf of the Liquidating Trustee.

Team: Attorneys- Brett M. Amron, Peter J. Klock II, Alejandra M. Iglesia, Ethan D. Katz, paralegal supervisor Jane de Pina and attorneys from Lowenstein Sandler LLP.

Read more: https://www.law360.com/bankruptcy/articles/1472922/modell-s-ch-11-trustee-accuses-ex-ceo-of-self-dealing?nl_pk=1d89133c-32d0-4d2c-ae61-4966c0e11663&utm_source=newsletter&utm_medium=email&utm_campaign=bankruptcy

*Subscription may be required to read the article.

MIAMI, FL- March 11, 2022- The liquidating trustee of Modell’s Sporting Goods Inc. launched a New Jersey bankruptcy court lawsuit accusing the great-grandson of the company’s founder of using his executive role and company resources to enrich his family-owned interests as the failing retailer descended into insolvency.

In a partially redacted adversary proceeding filed Thursday, March 10, in MSGI’s Chapter 11 case, MSGI Liquidation Trust alleged former company CEO Mitchell B. Modell rejected restructuring advice to shutter underperforming stores or find a buyer and instead forced the company to limp along amid falling profits to ensure it continued making store rent payments to real estate companies in which he owned a 50% stake.

Bast Amron is proud to be leading this litigation on behalf of the Liquidating Trustee.

Team: Attorneys- Brett M. Amron, Peter J. Klock II, Alejandra M. Iglesia, Ethan D. Katz, paralegal supervisor Jane de Pina and attorneys from Lowenstein Sandler LLP.

Read more: https://www.law360.com/bankruptcy/articles/1472922/modell-s-ch-11-trustee-accuses-ex-ceo-of-self-dealing?nl_pk=1d89133c-32d0-4d2c-ae61-4966c0e11663&utm_source=newsletter&utm_medium=email&utm_campaign=bankruptcy

*Subscription may be required to read the article.

Primary Sidebar

  • Client Alerts
  • BA Blog
  • Articles
  • Events
  • In The News
  • The Practice Podcast
  • Business Advantage Forum
  • Careers

Bastamron Youtube Podcast

 

Bastamron Spotify Podcast

Bastamron Apple Podcast

Maylynn Menoud  | Marketing Director
T: (305) 379-7904 | D: (305) 357-4794
mmenoud@bastamron.com

BAST AMRON is a boutique law firm focused on business insolvency and litigation. Our insolvency practice emphasizes workouts, restructurings, liquidations, bankruptcy, and bankruptcy avoidance. We represent debtors, creditors, committees, trustees, and other fiduciaries in bankruptcies, receiverships, and assignments for the benefit of creditors. Our litigation practice is primarily plaintiff oriented. We know how to investigate, formulate and prosecute claims arising from business disputes. By combining our business insolvency knowledge with our extensive courtroom experience, we successfully guide our clients through all aspects and types of commercial litigation in state and federal courts across the country. Whether the issue is litigation or insolvency or both, we view our clients’ needs through a holistic lens to formulate and implement dynamic solutions to their most important challenges.

Footer

Copyright © 2025
Bast Amron LLP. All rights reserved.
Attorney Advertising. Prior results do not guarantee a similar result.

Careers | Sitemap | Disclaimer | Eco Friendly

One Southeast Third Avenue,
Suite 2410 | Miami, FL 33131
T: 305.379.7904 | F: 305.379.7905
Return to top
  • Facebook
  • LinkedIn
  • Twitter