(Matthew Hunt)

Former RadioShack’s Lawyers And Lenders Agree To Keep Talking About Settling

Since the beginning of RadioShack’s bankruptcy proceedings back in February, the lower-ranking or “junior” lenders in the company’s debt pile have claimed that the entire proceedings were full of shenanigans. As the proceedings wind down and lenders and lawyers sort out the final disposition of everything, everyone at least agrees on one thing: the bankruptcy will not convert from a Chapter 11 to a Chapter 7 to save money on lawyers. [More]

(Phillip Pessar)

There’s Still $43 Million In Outstanding RadioShack Gift Cards, And Texas Wants To Rescue It

When a retailer looks like it might be in danger of going out of business, we warn gift card holders to use their cards soon, before the company declares bankruptcy and the cards lose their value. Not everyone has the good sense to read Consumerist, though, and that’s why the Texas Attorney General wants the smoldering remains of RadioShack to put aside some money for gift card holders. [More]

(Matthew Hunt)

Here’s Your Last Chance To Do Anything With A RadioShack Gift Card

If you’re a person interested in retail bankruptcy, you’ll want to learn about how unsecured creditors hope to extract money from the smoldering remains of RadioShack. If you’re someone who recently discovered that they’re stuck with a RadioShack gift card, you’ll want to learn about how you can file your own claim against this trust and maybe get a tiny bit of money back. [More]

RadioShack Will Not Be Selling Your Phone Number To New Owners

RadioShack Will Not Be Selling Your Phone Number To New Owners

If you’re part of the 117 million or so names on RadioShack’s mailing list, we have good and bad news for you. Today, the Shack and various states’ attorneys general came to an agreement about what customer data may be sold to RadioShack’s new owners, and under what circumstances. Everyone has agreed that the Shack won’t be handing over customer phone numbers, but they also will be giving people on the mailing list only a week to opt out. [More]

SprintShack Stores Will Be Fully Staffed And Stocked In June

SprintShack Stores Will Be Fully Staffed And Stocked In June

The deal that Sprint made with the new owners of RadioShack means that the mobile carrier gets to effectively double the number of retail stores that it runs. That’s great for Sprint, but means that they need to hire people or move existing employees to the new stores. Don’t worry: Sprint will be ready and even have their signage out front by July. [More]

The RadioShack Bankruptcy Consumer Privacy Report Is Out

The RadioShack Bankruptcy Consumer Privacy Report Is Out

The most controversial part of the RadioShack bankruptcy auction has been the proposed sale of the company’s extensive collection of e-mail addresses, phone numbers, and mailing addresses. Everyone from Apple to most states’ attorneys general objects to this sale, which goes against the company’s privacy policy. That’s why the bankruptcy court appointed a privacy ombudsman to evaluate the situation and lay out some rules for how that information will be passed to the new owners of the RadioShack brand…or not. [More]

RadioShack’s Name And Intellectual Property Sells For $26.2 Million

RadioShack’s Name And Intellectual Property Sells For $26.2 Million

The RadioShack stores that have survived to stay open under new owners will be allowed to keep their name. Well, the RadioShack name that may eventually have a much larger “Sprint” sign above it. Bidding is complete in the auction of RadioShack’s intellectual property and trademarks, and the winner is hedge fund Standard General. Yes, that’s also the owner of the 1,700 or so RadioShack stores that have remained open. [More]

(Nicholas Eckhart)

This Independent RadioShack Isn’t Going Anywhere

If you don’t happen to live near one, you may have never heard of RadioShack dealers and franchisees. They’re locally-owned stores that happen to sell merchandise from RadioShack. However, they aren’t part of the RadioShack that declared bankruptcy in February and is in the process of closing down most of its stores. The owner of one of these Shacks in Virginia wants to make sure that customers know they’re staying open. [More]

RadioShack Agrees To Mediation After Auction Of Customer Mailing Lists

RadioShack Agrees To Mediation After Auction Of Customer Mailing Lists

In bankruptcy court this morning in Delaware, there was a hearing regarding RadioShack’s plan to offer tens of millions of pieces of customer data in its bankruptcy auction. The attorney general of the Shack’s home state of Texas objected to this sale, mostly because the company’s original privacy policy didn’t allow the company to sell customer data to just anyone. Now RadioShack has agreed to mediation after its intellectual property, including those mailing lists, is auctioned on May 11. [More]

(Phillip Pessar)

RadioShack Consumer Data Might Be Back Up For Auction

When the venerable electronics retailer RadioShack declared bankruptcy earlier this year and prepared to sell off its assets and its business, they quietly announced one item that was legally problematic but potentially lucrative: tens of millions of pieces of customer contact information that it has collected over the years. After the Attorney General of Texas objected to such a sale, the court was told that selling that information was off the table. Now it could be back on. [More]

(Phillip Pessar)

RadioShack’s New Owners Don’t Really Care About Buying The RadioShack Name

RadioShack still exists. Well, stores that say “RadioShack” on them still exist, but those are a joint venture between the Shack’s new owners and Sprint. While the stores have kept their doors open, there’s one thing missing from the business plan: this new venture doesn’t own the RadioShack trademark yet. They aren’t too worried about it, though. [More]

Here’s What Co-Branded Sprint-RadioShack Stores Will Probably Look Like

Here’s What Co-Branded Sprint-RadioShack Stores Will Probably Look Like

Yesterday, the sale of 1,740 remaining RadioShack stores to hedge fund Standard General was approved by a bankruptcy court. We’ve known since before the bankruptcy filing that their plan is to team up with Sprint to re-open stores that will be part phone store, part RadioShack merchandise. What would that look like? Sprint has already showed us. Well, they showed the federal bankruptcy court in Delaware, which makes them public documents. [More]

(Phillip Pessar)

Bankruptcy Court Approves Sale Of 1,740 RadioShacks To Standard General

The Great RadioShack Bankruptcy Auction Standoff may be over. The 94-year-old electronics retailer declared bankruptcy in February, and then closed around half of its stores, selling their leases. The company wanted to rid itself of the rest of its stores before April began so they won’t have to pay April rent on all of those stores out of money that should be going to their creditors. [More]

(JeepersMedia)

Have A RadioShack Gift Card? You Have One More Day To Use It

We initially reported that people with RadioShack gift cards would have to use them up by March 5 or lose the entire balance. Great news if you happen to have found one buried in the far corner of your junk drawer: RadioShack has extended the period that they’re accepting gift cards to March 31. [More]

Salus Capital Claims Shenanigans In RadioShack Bankruptcy Auction

Salus Capital Claims Shenanigans In RadioShack Bankruptcy Auction

Last week, it seemed like the bankruptcy auction for what’s left of RadioShack would be pretty straightforward. Standard General, one of the chain’s biggest lenders, would put up a small amount of cash and a large amount of their own debt to take over about 1,700 stores. Another lender called shenanigans on the whole sale, offering a cash bid and claiming that it was superior. Now the auction enters week 2. [More]

(Phillip Pessar)

Good News: RadioShack Says Consumer Information Isn’t Part Of Bankruptcy Auction

Earlier this week, we reported that the one of the assets of the former RadioShack empire up for sale is the tens of millions of names, mailing addresses, phone numbers, and e-mail addresses that the retailer has collected from its customers. Many states’ attorneys general objected to this possible sale, noting that it may violate Texas law and the company’s own privacy policies. Fortunately, that consumer data is not yet for sale. [More]

Now There’s A Bidding War For The Smoldering Remains Of RadioShack

Now There’s A Bidding War For The Smoldering Remains Of RadioShack

Since RadioShack finally declared bankruptcy last month, the assumption has been that Standard General, a hedge fund that has lent the Shack large amounts of money for its failed comeback attempt, would win the bankruptcy auction. They would buy 1,700 or so of the stores that are left, along with RadioShack’s brand. Now a different lender has joined the bidding, but claims that the auction favors Standard General. [More]

(Nicholas Eckhart)

RadioShack Bankruptcy Auction Continues: Unsecured Creditors May Not Get Much

Today is day 2 of the RadioShack bankruptcy auction. While selling the assets of a company that was once worth billions of dollars that still has thousands of stores isn’t a simple endeavor, the proceedings are going even slower than anticipated because other creditors object to the current high bid from Standard General. [More]