By  on July 10, 2012

It appears banks are playing hardball with Daffy’s. Credit sources said Tuesday that banks haven’t been pleased with monthly results since April. As it seeks a way to ensure a future, the firm continues to work with legal advisers Weil, Gotshal & Manges. The retail chain has been in talks with lenders for over a month without a resolution in sight.

While Weil has been working with Daffy’s as its counsel for some time, on Tuesday sources said the law firm now is on a separate track involving a bankruptcy filing in case that was necessary.

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