The Dickson Concepts agreement to purchase Barneys Inc. provides that the reorganized Barneys “will enter into employment agreements” with Pressman family members if agreements on terms can be reached. The agreement requires Pressman family members to provide written confirmations of “the accuracy and completeness of the representations and warranties” related to the company’s finances. In addition, all Pressman family employment agreements must be negotiated prior to confirmation of Barneys’ reorganization plan.
An article on page 26 Thursday misinterpreted the terms of the agreement.

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