The US Bankruptcy Court gave an order approving the sale of the certain assets of Cache, Inc. and granting retroactive approval of bid procedures on October 5, 2015. The debtor has been authorized to sell its Visa/MasterCard Claim free and clear of all liens and claims of any kind to Jefferies Leveraged Products, LLC, the highest bidder, for a purchase price of $0.39 million in cash. As per the order, the seller and purchaser will use reasonable efforts to close the sale, no later than on or before October 6, 2015.