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Shares of retail holding company L Brands (NYSE: LB) were on the rebound on Thursday, a day after a lawsuit threatened to block the company's deal to sell a majority stake in its troubled Victoria's Secret chain.
As of 3:30 p.m. EDT, L Brand's shares were up about 6% from Wednesday's closing price.
L Brands' stock closed down over 17% on Wednesday, after the private-equity firm that had agreed to buy 55% of Victoria's Secret filed suit in a Delaware court in an effort to get out of the deal.