Toys “R” Us – Toys Labuan Objects to Toys Delaware Debtors and Geoffrey Debtors Plan, Views Rejection of ITASSA as “Coercive…Risky Strategy”

October 5, 2018 – Toys (Labuan) Holding Limited (hereinafter, “Toys Labuan” or the “Asia JV”) objected [Docket No. 5152] to confirmation of the Second Amended Chapter 11 Plans of the Toys Delaware and Geoffrey Debtors [Docket No. 4542]. Toys Labuan asserts, “The Debtors’ 84.47% indirect equity interest in the Asia JV is by far the…