Shareholder Wipeout: Express Equity Faces Complete Loss in Liquidation

The final chapter has arrived for Express Inc. shareholders, with the fashion retailer’s ongoing Chapter 11 proceedings confirming a total loss for equity holders. The company is now in the terminal phase of its liquidation, leaving common stock investments worthless.

Express initiated its bankruptcy protection filing on April 22, 2024, marking the beginning of the end for the troubled retailer. The New York Stock Exchange delisted the company’s shares on March 6, 2024, after which the stock moved to over-the-counter markets under the ticker EXPRQ. These securities now hold no practical value as the liquidation advances.

Key developments include:
* Bankruptcy filing: April 22, 2024
* Exchange delisting: March 6, 2024
* Liquidation plan approval: December 17, 2024
* Shareholder compensation:... Read more...