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Coldwater Creek Plan Effective

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Coldwater Creek’s Modified Third Amended Joint Plan of Liquidation became effective and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on September 17, 2014. As previously reported, “Any and all of the Debtors’ assets shall remain assets of the Debtors’ estates pursuant to section 1123(b) (3) (B) of the Bankruptcy Code and on the Effective Date, only after payment in full of Administrative Claims, Priority Tax Claims, Priority Non-Tax Claims and Other Secured Claims that are Allowed as of the Effective Date, shall be transferred to and vest in the Liquidating Trust. On the Effective Date, the Liquidating Trust shall be established pursuant to the Liquidating Trust Agreement for the purpose of, among other things, (1) investigating and, if appropriate, pursuing Causes of Action not otherwise released under this Plan, (2) administering and pursuing the Liquidating Trust Assets, (3) resolving all Disputed Claims and (4) making Distributions from the Liquidating Trust as provided for in this Plan and the Liquidating Trust Agreement….The Liquidating Trustee shall be deemed hereby substituted as plaintiff, defendant, or in any other capacity for the Debtors in (1) all pending matters including but not limited to motions, contested matters and adversary proceedings in the Bankruptcy Court, and (2) any Causes of Action not otherwise released pursuant to this Plan pending before the Bankruptcy Court or any other court that relates to a Liquidating Trust Asset without the need for filing any motion for such relief.” This woman’s apparel, jewellery and accessories retailer filed for Chapter 11 protection on April 11, 2014, listing $346 million in pre-petition assets.