On October 18, 2008, Linens 'n Things Canada Corp. ("Linens Canada"), the indirect Canadian operating subsidiary of Linens Holding Co., filed for protection under the Canadian Bankruptcy and Insolvency Act.
On October 23, 2008, the Ontario Superior Court of Justice issued an order appointing RSM Richter Inc. as Interim Receiver and Receiver over Linens Canada and certain affiliated Canadian entities. RSM Richter Inc was subsequently appointed as trustee in bankruptcy of Linens Canada. The Receiver conducted a highly successful auction of the assets of Linens Canada which has seen the bulk of secured and unsecured creditors paid in full. As of October 2009, the administration of the estate has not yet been completed.
Fasken Martineau is advising RSM Richter in these proceedings with a team that includes, among others, Aubrey Kauffman, Stuart Brotman and Graham Phoenix (insolvency), Kathleen Hanly (tax), Ralph Nero (labour and employment) and Jennifer McAleer (personal injury litigation).