The first large retail casualty of the coronavirus pandemic is here, with lawyers at Weil, Gotshal & Manges leading the way for what promises to be a long, painful stretch for the clothing industry in bankruptcy court.

J. Crew, the preppy mall mainstay that has been struggling for years with declining sales, but whose coronavirus-related store closures pushed it over the edge, filed Chapter 11 paperwork Monday in the Eastern District of Virginia. The company said it owed between $1 billion and $10 billion to as many as 50,000 creditors.

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