August 06, 2019
ESL Investments Inc. on Tuesday objected to Sears Holding Corp.'s Chapter 11 plan, saying the plan includes dubious assumptions about what ESL owes Sears for its purchase of the retail chain that may leave Sears with too little cash to meet its obligations.
August 01, 2019
The federal bankruptcy watchdog objected Thursday to the proposed Chapter 11 plan of retail giant Sears Holdings Corp., saying the plan includes impermissible releases given by third parties and does not adequately ensure that all of the debtor's nearly $500 million in administrative costs will be paid.
July 11, 2019
A New York bankruptcy judge Thursday awarded Sears Holding Corp. $166 million in its dispute with ESL Investments, saying Sears' interpretation of its $5.2 billion sale deal made the most sense.
July 09, 2019
ESL Investments has asked a New York bankruptcy court to end a monthslong dispute with Sears Holding Corp. over the terms of ESL's $5.2 billion purchase of the troubled retailer, saying Sears is shorting it by tens of millions and claiming money it isn't entitled to.
July 08, 2019
Sears Holding Corp. has asked a New York bankruptcy court to force ESL Investments to inject hundreds of millions in value into its estate, claiming the hedge fund reneged on aspects of its $5.2 billion purchase of the troubled retailer in February.
June 20, 2019
A New York bankruptcy judge Thursday found an official committee will be needed to deal with a challenge to Sears Holding Corp.'s termination of life insurance policies for tens of thousands of retirees.
June 17, 2019
Sears has told a New York bankruptcy court that its Chapter 11 case doesn't need a retiree committee to look into the disputed cancellation of a retiree life insurance plan, saying it has no money to pay for the insurance even if the retirees are entitled to it.
May 28, 2019
Ex-Sears CEO Edward Lampert's hedge fund has filed an action against Sears Holding Corp. in New York bankruptcy court claiming the bankrupt retail chain owes it hundreds of millions of dollars for assets it failed to turn over and liabilities it has refused to assume.
May 23, 2019
Multiple Sears creditors have asked a New York bankruptcy court to reject the company's Chapter 11 plan, claiming the proposal has a shakier legal and financial foundation than Sears would have creditors believe.
May 09, 2019
U.S. Secretary of Labor Alexander Acosta asked bankrupt retail giant Sears Holdings Corp. on Wednesday to explain contradictions in its pending Chapter 11 plan regarding the treatment of retiree benefits for some 80,000 former employees.