May 07, 2024
A New York federal district judge ruled that Sears Holdings Corp.'s lease for the Mall of America in Minneapolis should be returned to the bankrupt retail chain's liquidating trustee, saying that the decision gives "scant comfort" as it removed from the books "an obviously outlier ruling" by the Second Circuit.
September 02, 2022
The yearslong dispute between Sears and its former CEO ended with a deal, the Boy Scouts of America took a giant leap toward confirmation, and crypto investment platform Celsius wants to release $56 million of digital assets. This is the week in bankruptcy.
August 31, 2022
A New York bankruptcy judge on Wednesday said he would approve a $175 million deal to resolve claims by Sears against its former CEO, although he would delay signing the order to give parties time to look over a last-minute addition to the settlement.
August 10, 2022
Sears is asking a New York bankruptcy judge to approve a $175 million deal to resolve claims former CEO Eddie Lampert and others profited by spinning off the retail chain's assets while the company spiraled into bankruptcy.
June 29, 2022
A New York bankruptcy judge will continue to preside over a litigation funding issue in the Chapter 11 case of Sears Holding Corp. after being recalled to the bench on the eve of his retirement.
March 25, 2022
A New York bankruptcy judge Friday gave a reorganized Sears more time to secure a new tenant for its former store in the Mall of America and said this resolved the only issue related to the lease that he had jurisdiction to rule on.
March 10, 2022
The owners of the Mall of America told a New York bankruptcy judge Wednesday that a dispute over whether a reorganized Sears had proposed an acceptable sublease for its former store in the mall has no ties to Sears' Chapter 11 case and is out of his jurisdiction.
May 27, 2021
A New York bankruptcy judge on Thursday ruled that Sears Holding Co. did not pass along liability for a class action alleging that the retail chain sold extended warranties it never intended to honor when it sold its assets to its ex-CEO in Chapter 11 two years ago.
May 14, 2021
A group of Sears' post-Chapter 11 vendors is asking a New York bankruptcy court to reject the company's request to increase the fees it's paying the firms working on its clawback claims, saying payments to vendors should come first.
June 10, 2020
The owners of the Mall of America told a New York federal judge Wednesday that it will be asking the Second Circuit to review her determination that she lacked the authority to rule that Sears' new owners can't assume the bankrupt retailer's Mall of America lease.