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Bankruptcy Court Erred, Syms Affiliate Argues; Rent Not Owed Under New Mortgage

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WILMINGTON, Del. - Trinity Place Holdings Inc., an entity formed out of bankrupt Syms Corp., on March 5 moved in the U.S. Bankruptcy Court for the District of Delaware for reconsideration of its ruling that Syms was responsible for rent on a property in connection with a loan tied to a mortgage refinancing deal. Trinity Place Holdings maintains that the type of mortgage involved does not obligate Syms to pay rent (In Re: Filene's Basement LLC, No. 11-13511, Chapter 11, D. Del. Bkcy.)....(read more)

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