Disputes Over Toys ‘R’ Us Asian Business Come to an End

Bankrupt Toys “R” Us, the Official Committee of Unsecured Creditors, and “key stakeholders” in the bankruptcy case have settled protracted disputes related to the sale of the iconic toy store’s Asian business operations, according to a settlement agreement filed Dec. 11.

Judge Keith L. Phillips of the U.S. Bankruptcy Court for the Eastern District of Virginia may consider whether to approve the deal as early as Dec. 13.

The agreement resolves “all issues” in the company’s liquidation proceedings, “paving the way for the conclusion of these cases,” TRU said in its motion to approve the agreement.

Specifically, the deal spells ...