Payless Holdings – Files Second Amended Plan and Related Disclosure Statement to Reflect Global Settlement, Holders of $316mn in Unsecured Claims to Split (up to) $15mn Pool In Exchange for Releases

September 16, 2019 – The Debtors filed their Second Amended Plan and a related Disclosure Statement [Docket Nos. 1581 and 1583, respectively]; and further filed redlines of each document showing changes from versions filed on August 28, 2019 [Docket Nos. 1582 and 1524]. The amended Plan includes substantial changes but these are the key takeaways,…