A Chicago restaurant got a big break on its rent by using a legal strategy other retailers may hope to copy. A federal bankruptcy judge reduced Giglio’s State Street Tavern’s rent to just 25 percent from April to June, the Wall Street Journal reported. Giglio’s will still have to pay its March rent in full. Judge Donald Cassling agreed that the government’s March 16 ban on dining, which sent the restaurant’s revenue plummeting, amounted to
source https://therealdeal.com/2020/06/19/legal-strategy-to-get-out-of-rent-works-for-chicago-eatery/
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