For those who've been following the Hartmarx fight with us, the New York Times has the latest development:

The board of the Hartmarx Corporation is expected on Thursday to choose Emerisque, a private investment firm in London, as the buyer it prefers to bring the company out of bankruptcy, officials involved in the bankruptcy negotiations said on Wednesday.

The officials said that Emerisque planned to keep Hartmarx in operation and was offering 80 cents on the dollar for more than $100 million that Hartmarx owes its main creditor, Wells Fargo. [...]

Wells Fargo has the right to object to the Hartmarx board’s choice of buyer. 

That last line is crucial.  The Hartmarx board, the workers, the union leaders -- even some congressmen -- are all behind the Emerisque bid, which appears to be a pretty good deal for Wells Fargo (80 cents on the dollar for debt owned by a bankrupt company).  But as Joe Costigan, Midwest treasurer of Workers United, said yesterday, there is reason to be "circumspect" about the bank's intentions.  After all, they've made clear at several junctures that they would prefer to see the company liquidated.  So you can expect to see a ratcheting up of pressure on Wells Fargo in the next few days.