Another week, another major retail company turns to Weil, Gotshal & Manges to guide it through bankruptcy. This time it’s Finlay Enterprises, a jewelry retailer with 200 stores nationwide, including 77 in major department stores like Macy’s.
Weil began representing Finlay in March 2008, and has billed the company about $1.3 million since then for advice on various restructuring efforts. Those efforts apparently failed, and now Finlay hopes to sell all or most of its assets through the Chapter 11 process.
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