J & M Sales – Court Approves Critical Vendor Bailment Program that Debtors State is Only Alternative to Store Closing Process

September 27, 2018 – The Court hearing the J & M Sales case approved (i) a proposed critical vendor bailment program with respect to $15,000,000 of new critical vendor deliveries and (ii) entry into bailment agreements with critical vendors and a related escrow agreement with Michael Fallas [Docket No. 514]. As previously reported [Docket No….