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The court confirmed Lucky’s Market’s Second Amended Joint Chapter 11 Plan of Liquidation, moving the Delaware cases from store wind-down into post-confirmation claims administration. The order approved substantive consolidation, the global settlement embedded in the plan, transfer of Liquidating Trust assets, and appointment of Andrew T. Pillari as Liquidating Trustee; Classes 4, 5, and 9 accepted, Classes 2 and 3 were deemed to accept, and Classes 7 and 8 were deemed to reject but were crammed down under section 1129(b). source filing Administrative, professional-fee, and rejection-damage claims were tied to 30-day post-effective-date deadlines, making the effective date the next practical claims-calendar trigger. source filing
Lucky’s entered Chapter 11 on January 27, 2020 as a 39-store natural-grocery chain with about $15 million of cash, $425 million of assets, $600 million of liabilities, and roughly $301.2 million owed under Kroger-backed secured loans. The company employed about 3,100 non-union workers, leased 37 stores, owned two Florida stores, and blamed an aggressive expansion, 10.6% comparable-sales decline, $22 million of store operating losses, and $100 million year-to-date net loss for the filing. source filing The first-day posture was liquidation-oriented from the start: Lucky’s had engaged PJ Solomon, negotiated an ALDI lease sale, pursued sales of operating stores and other locations, and retained Great American Group for store-closing sales. source filing
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