On April 6, 2018, Nine West Holdings, Inc. and 10 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). The Debtors' cases are jointly administered under Case No. 18-10947. The cases are pending before the Honorable Shelley C. Chapman.
On February 27, 2019, the Bankruptcy Court confirmed the Debtors' Third Amended Joint Plan of Reorganization (the "Plan"), which became effective on March 20, 2019. The NWHI Litigation Trust (the "Trust") was established pursuant to the Plan that same day.
The primary purpose of the Trust is to prosecute or settle, on behalf of the Trust’s beneficiaries, all claims and causes of action of the Debtors or their bankruptcy estates arising under state or federal law relating to the 2014 going-private buyout transaction in which The Jones Group Inc. (the “Jones Group”) and its affiliated brands were purchased, certain of its businesses were sold off, and its shareholders received cash for their shares (collectively, the “2014 Transaction”). The claims transferred to the Trust include claims against (a) any person or entity that received consideration, directly or indirectly, in exchange for common stock of the Jones Group in connection with the 2014 transaction, (b) directors, officers, or managers of the Jones Group, and (c) the Jones Group’s financial advisors, attorneys, accountants, investment bankers, consultants, representatives, and other professionals, subject to certain limitations and exceptions set forth in the Plan.
Marc S. Kirschner, Senior Managing Director of Goldin Associates, LLC, has been appointed Trustee of the Trust. Goldin Associates is a leading restructuring firm specializing in providing financial advisory and interim management, litigation support, strategic valuation, governance, independent monitoring, and fiduciary services.
THIS WEBSITE (THE “WEBSITE”) HAS BEEN ESTABLISHED AND IS BEING INDEPENDENTLY MAINTAINED AND OPERATED BY THE TRUSTEE AND HIS ATTORNEYS, AND IS NOT SANCTIONED BY THE REORGANIZED DEBTORS, THE BANKRUPTCY COURT OR ANY OTHER COURT, OR ANY OTHER PARTY. ALTHOUGH THE TRUST HAS TAKEN ALL REASONABLE EFFORTS TO ENSURE THE ACCURACY OF THE INFORMATION CONTAINED ON THIS WEBSITE, THIS WEBSITE DOES NOT CONTAIN OR COMPRISE THE OFFICIAL OR COMPLETE RECORDS OF THE BANKRUPTCY COURT OR OF THE TRUST. THE DESCRIPTIONS ON THIS WEBSITE ARE SUMMARIES OF PROVISIONS OF THE PLAN AND TRUST OR COURT DOCUMENTS, AND ARE QUALIFIED IN THEIR ENTIRETY BY THE PRECISE TERMS OF THE PLAN, TRUST, OR RELATED COURT DOCUMENTS.
THE TRUST DOES NOT GUARANTEE OR WARRANT THE ACCURACY, COMPLETENESS, OR TIMELINESS OF THE INFORMATION PROVIDED ON THIS WEBSITE. THE TRUST WILL USE REASONABLE EFFORTS FROM TIME TO TIME TO PLACE UNDER IMPORTANT LITIGATION DOCUMENTS ON THIS WEBSITE ANY COMPLAINTS, ANSWERS, MOTIONS TO DISMISS AND ANY OPPOSITIONS, MOTIONS FOR SUMMARY JUDGMENT AND ANY OPPOSITIONS, AND ANY COURT RULING WITH RESPECT THERETO. FURTHER INFORMATION WITH RESPECT TO SUCH LITIGATIONS CAN BE FOUND AT PACER.GOV UNDER THE DOCKET NUMBER FOR EACH SUCH LITIGATION DOCUMENT. NOTWITHSTANDING THE FOREGOING, THE TRUST DOES NOT UNDERTAKE ANY OBLIGATION TO UPDATE, MODIFY, REVISE OR RE-CATEGORIZE THE INFORMATION PROVIDED ON THIS WEBSITE.
THE TRUST SHALL NOT BE LIABLE FOR ANY LOSS OR INJURY ARISING OUT OF OR CAUSED IN WHOLE OR IN PART BY THE ACTS, ERRORS OR OMISSIONS OF ANY PERSON, WHETHER NEGLIGENT OR OTHERWISE, IN PROCURING, COMPILING, COLLECTING, INTERPRETING, REPORTING, COMMUNICATING OR DELIVERING THE INFORMATION CONTAINED ON THIS WEBSITE.
THIS WEBSITE SHOULD NOT BE RELIED UPON AS A SUBSTITUTE FOR FINANCIAL, LEGAL, INVESTMENT OR OTHER PROFESSIONAL ADVICE. THE TRUST CANNOT PROVIDE FINANCIAL, LEGAL, INVESTMENT OR OTHER PROFESSIONAL ADVICE TO ANY PERSON RELATING TO THE TRUST. BECAUSE THE FINANCIAL AND LEGAL CONSEQUENCES OF HOLDING AN INTEREST IN THE TRUST OR RELATED DISTRIBUTIONS ARE COMPLEX, YOU SHOULD NOT ACT OR RELY ON ANY INFORMATION CONTAINED IN OR REFERENCED BY THIS WEBSITE WITHOUT SEEKING THE ADVICE OF A QUALIFIED PROFESSIONAL.
For information relating to the Debtors' bankruptcy proceedings, please click here.
* All capitalized terms not otherwise defined on this Website have the meaning ascribed to them in the Plan or Trust Agreement.