""At the end of the hearing, I said, 'Your honor, we are focused on preserving jobs and keeping stores open for a long time so many people can get their ears pierced. If we can get a deal done, I am willing to get my ears pierced,'" Sussberg told The American Lawyer. "The judge said, 'I'm going to hold you to that.' He threw down the gauntlet.""
""When I made my commitment on the record, it was a very slim chance that we were going to be able to be where we are today," Sussberg told data platform 9fin. "I am a man of my word.""
Claire's filed for bankruptcy for the second time in seven years, placing the mall chain at risk of permanent closure. The brand has served tweens and early teens since 1961 by providing age-focused accessories and ear-piercing services. Since the early-August filing, the company has pursued a buyer to keep the business as a going concern. Kirkland & Ellis bankruptcy partner Joshua Sussberg led the case and pledged to get his ear pierced if a going-concern buyer emerged. A court approved a sale that could preserve stores and jobs, and Sussberg fulfilled his pledge by getting pierced in the courtroom with a Claire's employee while wearing a Claire's paper crown. The sale is not yet closed but appears headed toward completion, offering hope for continued operations.
Read at Scary Mommy
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