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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events

11. Subsequent Events

On July 9, 2012, the Company and MS Real Estate agreed to extend the IAL until June 30, 2013, rather than expiring on September 30, 2012. Pursuant to the same extension agreement, the Company and Ms. Stewart agreed to extend the term of her employment agreement. See Note 9, Related Party Transactions, for further discussion.

On July 13, 2012, the Supreme Court of the State of New York, County of New York decided to grant a limited injunction in favor of the Macy’s plaintiffs. On July 31, 2012, the Court entered the related order. See Note 10, Legal Matters, for further discussion.