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Retailer Coldwater Creek Landlords Resolve Objections

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Women's clothing and accessories retailer Coldwater Creek Inc. on Friday reached an accord with its landlords, many of whom had objected to the terms of a deal the company struck with two liquidators, Dow Jones Daily Bankruptcy Review reported today. To satisfy the landlords, which lease retail shopping center space to Coldwater, the deal was modified so the landlords are not precluded from filing objections later in the case. Though a ruling on the company's proposed bid rules was delayed by Judge Brendan Shannon, the agreement represents a significant step toward an approval. A new hearing to consider the bid rules was scheduled for April 29, at which point Judge Shannon will make a decision on an objection from a newly formed creditors' committee.