Tuesday, June 28, 2011


Last week Borders's bankruptcy meeting was held before a judge to prevent the closing of 50 of its stores. Borders will now pay 1 million dollars for an extension to maintain its base while it looks for a potential buyer. The judge said “I’ll approve it with reluctance. I think you’re getting raped is the best way I can describe it. The other side of the coin is, it’s the only game in town. It’s very close to me saying no.” Borders told the judge that if it did not get an extension then it would be faced with immediate liquidation.

I love how some judges describe things. They can make mundane things seem way more interesting.

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