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Filene’s Basement and Syms Seek Approval of Bidding Procedures to Sell Intellectual Property
Filene’s Basement, LLC and Syms Corp (SYMSQ.OTC) have filed a motion with the U.S. Bankruptcy Court for the District of Delaware for approval of sale procedures to conduct an auction of their intellectual property rights.
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Borders to Sell Intellectual Property for $15.775 Million Following Successful Auction Conducted by Hilco Streambank
Hilco Streambank, the intellectual property valuation and disposition arm of Hilco Trading, LLC, today said that the auction for the intellectual property of Borders, which was held on September 14, 2011, in New York City, resulted in the sale of various assets for $15,775,000. Multiple bidders, including Barnes & Noble and Berjaya Books, each acquired specific assets, which included a global portfolio of trademarks, the Borders, Waldenbooks and Brentano’s trade names, Internet domain names, and the Borders.com e-commerce website.
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Hilco Joins Forces with Streambank to Strengthen Intellectual Property Valuation and Disposition Services
Founded in 2007 and headquartered in Needham, MA, Streambank is an intellectual property consulting firm specializing in the valuation and marketing of intangible assets, including trade names and patents. The company is currently engaged to sell Borders Group intellectual property, including the Borders.com business, and it recently completed successful sales of IP for Anchor Blue, Circuit City Liquidating Trust, and Berkline Benchcraft.
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Tavern on the Green Intellectual Property Rights To Be Sold At Auction; Stalking Horse Bidder Signed For $1.3 Million
Jil Mazer-Marino, Chapter 7 Trustee of the bankruptcy estates of Tavern on the Green Limited Partnership and LeRoy Adventures, Inc., has entered into an agreement to sell the companies' intellectual property rights to Tavern International LLC for $1.3 Million. The sale is subject to competitive bidding in a Bankruptcy Court approved sale process. The Trustee filed a motion yesterday seeking Bankruptcy Court approval of Sale Procedures including an anticipated bid deadline and auction in mid-September. Streambank LLC has been engaged by the Trustee to conduct the sale.
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