Syms and Vornado Realty new owners of Filene’s

New York A bankruptcy judge on Wednesday approved Syms Corp. and Vornado Realty Trust's $62.4 million bid for the company.

The discount chain filed for Chapter 11 bankruptcy protection in May and sought a buyer.

Earlier in the auction process, Men's Wearhouse was announced as the buyer. But other bidders objected to the result last week and accused Men's Wearhouse of failing to meet the auction requirements.

A judge in U.S. Bankruptcy Court in Wilmington, Del., directed Filene's last week to reopen the auction.