SulmeyerKupetz was retained by the owners of the Fallas Stores to represent the owners’ affiliate, FP Stores, Inc., with respect to its bid to acquire 41 leases of locations previously occupied by Anna’s Linens, a retailer of linens, household and related goods. Certain landlords, particularly those in highly desirable locations, objected to the proposed assumption and assignment of their leases to FP Stores, Inc.
Partners Mark Horoupian and Victor Sahn responded to approximately a dozen objections, defended FPs principals in last minute depositions, and appeared at the hearing to consider the proposed assumption and assignment, all within less than a week of being retained. Based on the presentations made by the Firm, the Honorable Theodor Albert overruled all objections, and the assignment of all 41 locations was approved. Thereafter, the Firm assisted FP Stores, Inc. in closing the transaction, and later represented it when it successfully bid on the auction of Anna’s intellectual property assets.
