Struggling retail chains shopping for law lawyers in what might well become the year of the retail bankruptcy saw several of their ailing brethren dip into the Big Law ranks this month for a trio of Chapter 11 cases.
Wachtell, Lipton, Rosen & Katz, a firm not known for advising debtors in bankruptcy court, appears to have a role in one such case. The New York-based firm was named in a July 5 press release issued by designer denim purveyor True Religion Apparel Inc. announcing its agreement with lenders on a prepackaged bankruptcy proceeding.
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