Sunday, June 12, 2011

Borders Notifies Late Filing of April 2011 Quarter Report

FAIRLESS HILLS, Pa. -- Borders Group, Inc. has informed the U.S. Securities and Exchange Commission that it might be filing its Form 10-Q quarterly report for the period ended April 2011 late due to unavoidable circumstances.

 

The bookstore chain is also seeking bankruptcy court authority to conduct store closing sales on 51 of its stores.

 

Details on the Form 10-Q late filing, the proposed sale of the 51-store assets, and the reported bid of Najafi Cos. for Borders, among other things, are available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 17, published by Bankruptcy Creditors' Service, Inc.

 

The 14-page newsletter contains stories with these headlines:

[00257] BORDERS SEEKS TO CONDUCT STORE CLOSING SALES AT 51 STORES
[00258] BORDERS ALSO IN SALE TALKS WITH NAJAFI COS., SAYS WSJ
[00259] DEBTORS' MOTION TO REJECT SEATTLE'S BEST LICENSING PACT
[00260] DEBTORS' APPLICATION TO EMPLOY KASOWITZ BENSON AS COUNSEL
[00261] DEBTORS' APPLICATION TO EMPLOY DELOITTE CONSULTING
[00262] LANDLORDS' MOTIONS TO ALLOW SEC. 365(D)(3) CLAIMS
[00263] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES
[00264] JOHN GANNON'S LETTER SEEKING SUMMARY AMOUNT
[00265] BORDERS NOTIFIES LATE FILING OF APRIL 2011 QUARTER REPORT
[00266] CLOUTIER RESIGNS AS BORDERS CHIEF MERCHANDISING OFFICER
[00267] BORDERS CONSIDERS HEADQUARTERS MOVE TO VAN BUREN TOWNSHIP


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).

How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS

BORDERS GROUP BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>

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