Report
RS Legacy Corp
300 Radioshack Cir
Phone: (817) 415-3700p:817 415-3700 FORT WORTH, TX  76102-1901  United States Ticker: RSHCQRSHCQ
This company's Plan of Liquidation went into effect on 10/7/2015
This company ceased filing statements with the SEC on 10/8/2015.
On 6/19/2015, the Company sold RadioShack de México, including its stores brands and trademarks, to Office Depot de México S.A. de C.V., a subsidiary of Grupo Gigante, S.A.B. de C.V.
On 7/1/2015, General Wireless Operations Inc., doing business as RadioShack, announced today that it completed the $26.2 million purchase of the RadioShack brand, securing Sprint’s ability to quickly expand its presence. Sprint will have a presence in 1,435 Sprint-RadioShack stores by the first week of July.
This company is no longer actively traded on any major stock exchange.

Texas Presses RadioShack on Plan to Auction Customer Data


New York, 4/17/2015 (CRM) -- The following is an excerpt from a story published by the Dow Jones Daily Bankruptcy Review:

Texas Attorney General Ken Paxton says a plan to sell the RadioShack Corp. name and customer lists jeopardizes the privacy promises made during the decades when the company pioneered the field of consumer electronics retailing.

Mr. Paxton said he and other attorneys general have been ignored by RadioShack as it plans an auction of intellectual property. State officials have voiced concern that nothing untoward happen to the consumer data in RadioShack’s bankruptcy case. Customers gave up the information on the promise it wouldn’t be rented or sold, the attorneys general noted, yet that’s what RadioShack plans to do.

A RadioShack lawyer and a spokeswoman didn’t respond to a request to respond to the critique. Salus Capital Partners, the lender with first claim on the intellectual property assets, didn’t respond.

A consumer privacy ombudsman was appointed early in RadioShack’s bankruptcy, to make sure consumer rights are protected. Elise Rejka is expected to file a report and recommendations after the intellectual property auction is held.

Generally, bankruptcy courts allow consumer data to be sold as part of the sale of a business, as long as the new owner agrees to abide by the privacy policy that was in effect when customers surrendered their information.

Mr. Paxton’s court papers say the auction plan creates a danger to RadioShack’s customers. He’s asking the company to spell out in detail how many customers could be affected and to say whether the information came from the website or the bricks-and-mortar operation.

Additionally, the attorney general wants to require prospective bidders on the intellectual property bundle to say how much of the price they’re offering is for the customer data.

A bankruptcy judge must sign off on proposed rules for the bidding on a collection of assets that includes the iconic name, as well as contact information for an estimated 67 million people who shopped at RadioShack. A hearing is scheduled near the end of April on the bid rules.

The full story is available through a paid subscription to Dow Jones Information Services at https://www.fis.dowjones.com.

Related Businesses
- - Customer
Copyright © 2024 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement. 
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Thursday, April 25, 2024