David Wander Comments on Century 21 Retail Chain

David Wander Comments on Century 21 Retail Chain

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September 11, 2020 – DHC’s Bankruptcy, Restructuring and Creditor’s Rights Co-Chair David Wander spoke to the Wall Street Journal regarding New York-based department store chain Century 21 and the lawsuit the retail chain filed in state court concerning claims against its insurance carrier for refusing to acknowledge its business interruption claims.

Wander pointed out that moving the insurance case to bankruptcy court was not a surprise, since those courts typically reach decisions more quickly. Regardless, even if Century 21 succeeds in its claims against the insurance company, the discount luxury clothing retailer will liquidate and close all stores.