RadioShack store owners form committee for bankruptcy representation

By Caroline Salls

Pittsburgh, Feb. 25 – A group of independent RadioShack Corp. dealer/franchise store owners has formed an informal committee to represent the participating dealers/franchisees in the company’s bankruptcy case, according to a news release.

The group said the committee will look into RadioShack’s upcoming store sales or liquidations, treatment of dealer/franchise agreements, treatment of customer loyalty programs after sale transactions and ongoing business operations.

The dealer group currently includes nearly 60 individuals representing more than 100 stores.

Franchisee Ira Brezinsky is the chairman of the informal committee.

“The dealer group will look out for the interests of its participants and hopes to be as helpful as possible and positively influence the bankruptcy proceedings to protect the interests of the relatively strong performing dealer/franchise stores,” Brezinsky said in the release.

The committee has selected Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC as its counsel.

RadioShack is a Fort Worth technology retailer that filed for bankruptcy on Feb. 5 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 15-10197.

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