Squire Sanders Hammonds wins advisory role on Oddbins administration
Squire Sanders Hammonds has picked up a lead role acting for Deloitte on the administration of struggling wine retailer Oddbins. The transatlantic firm's team is being led by London restructuring partner Cathryn Williams, after Deloitte partners Lee Manning and Matthew Smith were this week (4 April) appointed as joint administrators to Oddbins.
April 06, 2011 at 11:36 AM
2 minute read
Squire Sanders Hammonds has picked up a lead role acting for Deloitte on the administration of struggling wine retailer Oddbins.
The transatlantic firm's team is being led by London restructuring partner Cathryn Williams, after Deloitte partners Lee Manning and Matthew Smith were this week (4 April) appointed as joint administrators to Oddbins.
The off licence chain had been planning to restructure its debts through a company voluntary agreement (CVA). However, it failed to receive the full support of all of its creditors necessary for the CVA, so was forced to enter into administration. Notably, HM Revenue & Customs, a major creditor of Oddbins, refused to support the CVA.
Deloitte confirmed that administrators had been holding discussions with several parties interested in buying the business, with Oddbins set to continue trading while administrators seek a sale.
Oddbins has 89 stores across the UK and Ireland, and employs around 400 staff. The company has an annual turnover of £75m, including £2m of online sales.
Deloitte was also recently appointed on the administration of repair company Auto Windscreens, with Wragge & Co taking the lead role for Deloitte. The national firm fielded a team led by restructuring partner Vicki Conway and director Jasvir Jootla.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Big Law Heavyweights Wrestle in High-Stakes Sale of Venezuela’s Citgo
Cleary vs. White & Case: NYC Showdown Over $5 Billion Brazilian Bankruptcy
Singapore's Drew & Napier Secures $3.5B Award in Civil Suit
Trending Stories
- 1Investor Sues in New York to Block $175M Bitcoin Merger
- 2Landlord Must Pay Prevailing Tenants' $21K Attorney Fees in Commercial Lease Dispute, Appellate Court Rules
- 3Compliance with EU AI Act Lags Behind As First Provisions Take Effect
- 4NJ's Pardons and Commutations A Model for the Federal System
- 5As Political Retribution Intensifies, Look to Navalny's Lawyers
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
