Word: kmart
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After several years of conflict, Harvard University is pushing to evict a reluctant Kmart from its Allston location in a case that came before a U.S. District Court last month...
...Kmart assumed the lease of the 70,000-square-foot space on Western...
...Despite Harvard’s requests, Kmart refused to comply with its lease and their responsibilities to other tenants,” Harvard spokesman Joe Wrinn said in an e-mail. “Harvard ... is exercising its fiduciary responsibilities to enforce the lease...
...Kmart is continuing to try to delay resolution of this matter,” he added...
...Kmart officials, however, said that federal bankruptcy law entitled the company to postpone repayment of the debts it accumulated to Harvard during its period of bankruptcy. Kmart, based in Michigan, filed for Chapter 11 bankruptcy protection in January 2002 and emerged from bankruptcy...