COURT DATE FOR NIPON TO PURSUE LESLIE FAY'S BOOKS IS POSTPONED
NEW YORK--A court date Monday to consider a request by Albert Nipon to peruse the books of The Leslie Fay Cos. was postponed, with no new date set. The manufacturing executive, who is looking to repurchase the Nipon trademarks from Leslie Fay, has asked Bankruptcy Judge Tina L. Brozman to force the company to open its books so he can make a "fair and reasonable" offer. Leslie Fay, which has been operating in Chapter 11 since April 1993, is resisting Nipon's request to examine confidential financial information prior to making a bid for the Nipon assets he sold to Leslie Fay in 1988. A Leslie Fay spokesman said he didn't know why the matter was put off. Nipon's attorney could not be reached for comment.
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