Bon Ton Stores Inc (CE) (BONTQ) 뉴스

SEC is again terminating registrations, including some old bankruptcies.

Bon-Ton will be gone soon.

The Chapter 11 case has been closed as of May 7th. The company ran out of assets, which means there was no reason to continue the case (and the related costs) as there was no chance for any additional recovery for debtors, much less the common shareholders. The stock is now officially worthless.

FINRA will now delete the ticker, which could happen at any time.

Volume is just about gone. Won't be long before the stock is wiped away for good.

Bon-Ton bounced like a ping-pong ball all March.

Once its BK wraps up, it will just roll off the table.

Bankruptcy case isn't complete until the sharks eat? I'm sure the lawyers' fees for BonTon must be tasty.

I'm used to and enjoy watching zombie stocks trade. I've done well with Q stocks, but never do zombies.

FINRA cannot cancel the ticker until the bankruptcy case is complete and the shares are officially canceled upon the approval of the Court.

That is the last thing to occur in the bankruptcy, so until the case is closed, the stock will continue to trade.

Hitting .005’s. It’s buh bye BonTon Q soon.

Still can’t figure why FINRA takes so long?

Late Jan BONTQ traders waiting to cash out.

Problem is finding buyers who may get stuck.

FINRA could cancel out its BK ticker any day.

Longs making an upward push, then the sell.
About the only way to get something from it.

Seen the same with other distressed stocks.
Most are a crap shoot. Some win, some lose.

The final 10 Fee-owned Bon-Ton locations go up for auction on January 28th. That is just about the final assets to be disposed of. After that, the money will be distributed to creditors and the stock cancelled. Then it will definitely appear on the FINRA ticker delete list.

https://www.marketwatch.com/press-release/final-10-fee-owned-former-bon-ton-stores-hit-the-block-in-bankruptcy-auction-2019-01-03-14183160

Yup. On the FINRA ticket delete list soon.

The end is near. The cancellation of the common stock at the conclusion of the bankruptcy is coming soon.

At that point, anyone holding BONTQ shares will lose 100% of their investment.

Lingering BONTQ death after a Sept. price spike.

Badda bing badda boom! BONTQ keeps tumbling down.

We may see an attempt at roping in some naive investors. But yep. Turn out the lights.

It looks like the story is winding down. I think reality has now sunk in, based on the declining stock price and very low volume. Both will continue to trend downwards until the stock is finally cancelled.

Bon-Ton is in the BK P&D zone now. Traders flipping it for lunch money.
Once the plug is pulled, it will drop. Online buying killing brick n' mortars.

Even if Bon Ton were to receive anything it would be years down the road.
Since the Bon Ton that allegedly was injured, it may be meaningless as they no longer exist.

Bon-Ton being sued for Fixing TV Ad Rates

https://www.businesswire.com/news/home/20181008005607/en/

DiCello Levitt & Casey Files Suit on Behalf of Bon-Ton Against Media Conglomerates for Fixing TV Ad Rates

Law Firm Represents Department Store Chain in Largest Antitrust Suit Against Sinclair, Tribune Company

October 08, 2018 12:06 PM Eastern Daylight Time

CHICAGO--(BUSINESS WIRE)--The Bon-Ton Stores Inc., one of the country’s best-known department store companies, is the latest, and by far the largest, plaintiff to file suit against major U.S. media conglomerates, alleging a massive conspiracy to drive up the price of local television advertising. National plaintiffs’ law firm, DiCello Levitt & Casey, filed the class action lawsuit today on Bon-Ton’s behalf in federal court in the Northern District of Illinois.

“The consolidation of the television industry has enabled a pattern of illegal, anti-competitive conduct, which we are confident this lawsuit will bring to light”

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The suit, which names Sinclair Broadcast Group, Tribune Media Company and several other “John Doe” defendant co-conspirators, alleges that the companies violated federal antitrust laws by colluding to fix the rates TV stations charge for advertising airtime. Bon-Ton’s complaint is the newest in a series of suits brought against the media industry giants and is notable given the department store chain’s size relative to previous plaintiffs, most of whom are small regional businesses.

The suit alleges that Sinclair and Tribune, who are both owners of dozens of local television stations, while ostensibly competitors in the market for local spot television advertising, have instead conspired to reduce or eliminate competition by sharing information and coordinating pricing in various Designated Market Areas (DMAs), resulting in artificially inflated prices for local spot advertising in violation of federal antitrust laws.

“Through their price-fixing scheme, Tribune, Sinclair, and their co-conspirators have monopolized the airwaves and extorted millions of dollars from businesses like Bon-Ton,” said Adam J. Levitt, co-counsel for Bon-Ton and a founding partner of DiCello Levitt & Casey. “This lawsuit aims to hold these powerful companies accountable and restore free and fair competition.”

Bon-Ton’s complaint alleges that station owners have shared their pricing information and coordinated efforts to stabilize or inflate spot prices, including setting a “floor” for all spot pricing. It also claims that, within a DMA, no station owner that is party to the conspiracy was permitted to reduce spot prices below a certain cost-per-point. By setting such a floor, but then still negotiating with individual advertisers, stations were able to maintain the façade of a competitive market when in reality they had fixed prices.

Despite the significant number of local broadcast stations operated across 210 different DMAs, ownership is highly concentrated in the hands of a small number of media companies. In recent years, mergers between television station owners have increased market concentration and thereby decreased competition in many DMAs. Further, the Federal Communications Commission has recently loosened certain restrictions on television station ownership and opened the door to larger mergers, including the ill-fated $4 billion merger of Sinclair and Tribune. Notably, the Department of Justice’s Antitrust Division is actively investigating the conduct of both companies after its recent review of their now-defunct merger.

“The consolidation of the television industry has enabled a pattern of illegal, anti-competitive conduct, which we are confident this lawsuit will bring to light,” said John E. Tangren, co-counsel for Plaintiff and partner at DiCello Levitt & Casey.

DiCello Levitt and Casey has teamed with another renowned antitrust class action firm, Labaton Sucharow LLP, on this matter – The Bon-Ton Stores Inc. v. Sinclair Broadcast Group Inc., et. al., Civil Action No. 1:18-cv-06758, in the U.S. District Court for the Northern District of Illinois.

“Given our two firms’ track record of success representing plaintiffs in antitrust class actions and our considerable experience leading complex MDLs across the United States, we believe we are well-positioned to help manage this national effort to stop blatant collusion in the TV ad buying chain,” Levitt said.

About DiCello Levitt & Casey

DiCello Levitt & Casey is a different kind of law firm – one that combines excellence in commercial litigation, class action litigation, mass tort litigation, catastrophic injury litigation, labor and employment litigation, and civil rights litigation. Practicing nationwide – and internationally – from offices in Chicago and Cleveland, we are an aggressive, attentive, and creative plaintiffs’ firm whose work speaks for itself – billions of dollars in recoveries in some of the highest-profile matters in U.S. history. Revered by clients and respected by defense counsel, our team gets results.

Contacts
DiCello Levitt & Casey
Adam Levitt, 312-214-7900
alevitt@dlcfirm.com

Agreed, comical and classic. Always happens with Qs. Manipulation and oscillation. BONTQ is no exception. Only lunch flips now. The POR will kill that. Once out, it'll flatline.









GLTY

Show us where Bon Ton (BONTQ) has money and opening stores.
Now if you said that Bon Ton (CSC Generation) has money and opening stores then the answer is YES.

Actually CSC is looking to open maybe 100 stores, but again that is not BONTQ.

https://www.pymnts.com/news/retail/2018/bon-ton-csc-generation-acquisition-justin-yoshimura/

More info on here.

http://www.bontonrestructuring.com/

Comical manipulation?

Because the Stock market makes no sense. Newbies buy dreams of a 50 bagger to hold and 1 day wake up SOON with no shares. Have Fun. U been warned. Thats y nobody is poating. Its a scam

.....I sure had a few of them there days myself!!

BONTQ

Yes, just trade them.

Been day trading this with another q. Missed 601's....out feeding the dogs!!
Pure play stock now!

$BONTQ

BON-TON CREEPING UP HE HE SLEEPING FRIDAY !!!!!!!!

Bon-Ton has no money, and they are not reopening any stores.

The rights to the name and the stores was SOLD under the asset liquidation. It is now owed by CSC. It has nothing to do with BONTQ.

Why is the concept of "New Owner" so difficult to understand? If you sold your house, and the new owner put a bunch of money into remodeling, would you somehow expect to own the new remodeled house? Of course not - the NEW OWNER owns it.

The same is true of Bon-Ton. It is no longer owned by BONTQ, and BONTQ shareholders will not receive any benefit from the new stores.

Bon Ton has money, and will reopen their own stores, that is what I hear, but 1man said they have no money, assets going under, then why do we going back up?

How does anyone plan to sell there shares? Lol. Volume won’t allow a sale. Oops

BONTQ is not reopening anything. That is the NEW OWNER.

What part of "NEW OWNER" is so difficult to understand? The name is now owned by someone else (CSC, to be exact). It has NOTHING to do with BONTQ, which has been liquidated. CSC acquired the name and all the related rights for just $900,000 through the BONTQ bankruptcy.

Upon the conclusion of the bankruptcy, BONTQ shares will be cancelled without any payment to common shareholders. Anyone holding BONTQ shares will lose 100% of their investment. GUARANTEED.

NEWS 8000.com 20 sept.BON-TON MAY REOPEN STORES IN WISCONSIN. BIG NEWS THE BEGINNING $$$$$$$$$$

I am seeing novices losing their money.

I'm seeing 07 -14%

I'm seeing .0605 -26%

If you wish.

Front Loaders getting out on the backs of believers.

0.0501 -0.0319 (-38.90%)

I should buy???

Please listen

Everyday I watch this stock I get Sick. God I hope people are trading this and make money. Otherwise WTF are you doing. Please listen.

Great day again! This may hit the recent closing high of .12 or so on the 2000% day a week or so ago.

BONTQ is worthless. The shares WILL be cancelled.

Ignorant buyers of the stock who think the "new" Bon-Ton is somehow connected with BONTQ won't stop the stock from being cancelled upon the conclusion of the bankruptcy. It also won't stop institutions from shorting the stock, since the stock is guaranteed to go to $0.

Anyone holding BONTQ shares upon the conclusion of the bankruptcy will lose 100% of their investment.

Apparently no one believes that. Because this was the only stock of mine that was over 40% today

NHOD .08 GOOD DAYS AHEAD $$$$$$$$$

Hmmm, decently Green again. Nice day

Extremely risky trading an empty shell ticker that will be cancelled.

Could see a pop to that level again. We saw what it could do in one day a few weeks back.

Bon Ton is now owned by a subsidiary of the tech company CSC Generation Holdings giving it the rights to Bon-Ton and its subsidiary department store chains, Boston Store, Bergner's, Carson’s, Elder Beerman, Herberger’s and Younkers.

BONTQ is is a shell with a ticker that will be cancelled.

All the cheering is meaningless.

WE ARE SPRINTING AS FAST AS WE CAN TO REBUILD THE COMPANY VOLOSHIN SAID !!!!!!!!!

THEY WORKING HARD NEW WEBSITE, NEW STORES BIG PROFITS VERY QUICKLY $$$$$$$$$$