Bankruptcy judge OKs Lucky’s store sales procedure

NIWOT — A U.S. Bankruptcy Court judge in Delaware approved a series of motions this week that pave the way for Lucky’s Markets to move forward with its process of selling off shuttered store locations across the country. 

The decision by Judge John Dorsey came after a slew of objections were filed by creditors, landlords and competing grocery chains, many of which centered around Lucky’s plan to employ stalking-horse bidding procedures in an effort to offload underperforming stores to grocery chains such as Aldi and Publix. 

The stalking horse serves as a sort…