Borders Group, in court papers filed Tuesday, told creditors their objections are invalid because the company won't carry on contracts with business partners.
Bloomberg News reported that the bookstore chain, which has filed for Chapter 11 bankruptcy, said 99 objections filed in court by the company's creditors should be overruled. The company will not keep or transfer any leases or contracts, the filing said.
Borders Group is seeking approval to liquidate its 399 remaining stores. The objections referred to came from contractors such as Starbucks Corp., which sells its Seattle's Best coffee brand in Borders stores, and e-reader manufacturer Kobo, Inc.
The Ann Arbor-Mich.-based Borders Group will lay off 10,700 employees when it closes its stores by September. The company has said it expects to pay business partners.
