Claire’s Stores – Oaktree Capital Management Objects to RSA Plan, “Step in the Right Direction” is Not Enough

September 14, 2018 – Oaktree Capital Management filed with the Court an objection [Docket No. 989] to the confirmation of the Debtors’ Modified Second Amended Joint Chapter 11 Plan of Reorganization [Docket No. 939]. Oaktree asserts, “On September 10, 2018, the Debtors filed the Current RSA Plan to make purportedly ‘technical modifications’ to the Initially…