Fairway Files Chapter 11, Plans to Sell Stores

January 23, 2020 – Media Mention

Steven Smith, partner in Herrick's Litigation Department, was quoted in Newsday commenting on Fairway Market's second Chapter 11 filing, which occurred after speculation that the supermarket chain would file for bankruptcy under Chapter 7. Steven noted that “Chapter 11 affords the debtor much greater control over the process. In particular, in a Chapter 11, the existing management of a company stays in possession of the company."