[U] Clc/Cli Liquidating Trust V. Bloomingdale's

In this action, plaintiffs, Nick DeLeo and the CLC/CLI Liquidating Trust ("CLC"), seek to represent a class of vendors, which sold clothing and other merchandise to defendants, a group of large retail department stores ("Bloomingdale's"). At this stage in the litigation, CLC asserts two causes of action under U.C.C. § 2-709: An action for the price based on alleged chargebacks improperly made by defendants; and an action for the price based on failure to pay the contract price in full and on time, in accordance with the terms of numerous contracts between defendants and plaintiffs.