Hudson’s Bay Fights Lender Over Ruby Liu Deal and 25 Leases Sale Amid Liquidation Oversight Dispute

Hudson's Bay Company is engaged in a legal dispute with its lender over a deal involving Ruby Liu, as revealed in recent court documents. The company is contesting the lender's request to terminate the Ruby Liu transaction and resist increased oversight, which the lender argues is necessary due to alleged mismanagement of Hudson's Bay's liquidation process. Hudson's Bay is pursuing a deal to sell 25 of its leases as part of its liquidation strategy. The matter has returned to court, with Hudson's Bay's chief financial officer filing documents to push back against the lender's claims. This ongoing litigation highlights tensions between the defunct department store and its creditors over the handling of its asset sales and liquidation procedures.