Marbury Wants His $2 Million From Steve & Barry's

A judge approved for Steve & Barry's, the cheap-n-chic retail chain which faced bankruptcy earlier this summer, to be acquired by two investments firms for $163 million. Newsday reports the new group, BHY S&B Holdings LLC, made up of Bay Harbor Management and York Capital (with Steve Shore and Barry Prevor as investors), will "Steve & Barry's merchandise inventories, store leases and all of Steve & Barry's intellectual property rights, including its celebrity and brand licenses." Though Sarah Jessica Parker is still on board, Stephon Marbury claims Steve & Barry's still owes him $2 million in licensing fees--plus more in roylaties--for the Starbury brand. But Newsday points out, "Under the bankruptcy proceedings, the new owners would owe Starbury nothing."

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By Jen Chung in News on August 23, 2008 8:37 AM

Comments [rss]

Ivan

They do have some big balls. Let me run up 650 million in debt, file bankruptcy, pay 2 cents on the dollar to all the creditors, and into the new company own 10% each and oh by the way, you can’t sue me after the fact. I want in on that deal. You almost got to love the fact that they tried but at the same time I can’t f*cking believe that they thought it was a good idea. F*ck them. They should just get the boot.

Do you feel shame Steve Shore & Barry Prevor? Can you sleep well in the night huh? Do you know how many vendors go bankrupt because of you conspiracy? True, f*cking Jew is f*cking Jew!

Squard

Marbury started the 15 dollars shoes to "help the kids". Somehow I doubt if they'll see any of that 2 million

jackdonaghy

Starbury can use that money toward the $80m he owes the Knicks fans for mailing it in the past 4 plus seasons. Seriously, can we please get this perpetually miserable guy out of town already?