Case Overview

Represented Invictus Global Management, LLC in the Tuesday Morning Corporation Chapter 11 bankruptcy cases filed in February 2023. Tuesday Morning was a discount retailer with 470 stores across 25 states. Just before the filing, Invictus provided a bridge loan that allowed Tuesday Morning to avoid immediate liquidation and to seek bankruptcy protection. After the bankruptcy filing, Invictus provided debtor-in-possession financing to allow the retailer to conduct an auction for the sale of its business and save jobs for employees. Invictus participated in the auction as a bidder, but Tuesday Morning made the decision to liquidate its assets rather than accepting Invictus' bid to acquire the business. The firm's attorneys were brought in after previous counsel was terminated and structured a multi-party settlement with the debtor, sub-debt holders, and the Unsecured Creditors Committee.