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Tuesday Morning Selects Munsch Hardt to Lead Second Bankruptcy

February 14, 2023 Mark Curriden

In the world of corporate bankruptcy, Dallas-based Tuesday Morning Corp. has
entered what is known as Chapter 22.

For the second time in three years, the discount retailer Tuesday Morning filed for Chapter
11 protection
Tuesday in the Fort Worth Division of the Northern District of Texas citing
liabilities of $100 million to $500 million.

Tuesday Morning General Counsel Jennyfer Gray hired Munsch Hardt bankruptcy partners
Julian Vasek, Deborah Perry and Kevin Lippman as its lead legal advisors and BDO USA as
its financial restructuring advisor. Lawyers for Vinson & Elkins are reportedly advising a
special committee at the company.

The company, which sells home goods and furnishings, emerged from bankruptcy in
January 2021 after closing about 200 stores. But Tuesday Morning quickly found itself
struggling again due to problems with its supply chain operates, inflation and evolving
customer attitudes.

Tuesday Morning operates about 487 stores and employs about 6,000 full-time and part-
time workers.

The case number is 23-90000-elm1.

Mark Curriden

Mark Curriden is a lawyer/journalist and founder of The Texas Lawbook. In addition, he is a contributing legal correspondent for The Houston Chronicle and the Dallas Business Journal.

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