Article: Finlay Enterprises Completes Bankruptcy Auction.

Finlay Enterprises, Inc. (OTC Bulletin Board: FNLY) and its affiliates and subsidiaries (collectively, the "Company") announced that it had completed an auction for its business and assets pursuant to bidding procedures previously approved by the United States Bankruptcy Court for the Southern District of New York (the "Court"). As a result of the auction, the Company, in consultation with the agent for its senior secured lenders and the official committee of unsecured creditors in its chapter 11 cases, has selected Gordon Brothers Retail Partners, LLC as having the highest and best bid. Gordon Brothers will be appointed to act as the Company's agent to conduct "store ...

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