April 18, 2019
Sears Holding Corp. has filed suit in a New York bankruptcy court against ex-CEO Edward Lampert, his hedge fund and other investors, saying they made more than $1.8 billion spinning off the retail chain's assets while it spiraled into Chapter 11.
April 02, 2019
The company formed by Sears' former CEO to buy the distressed retailer out of bankruptcy said Tuesday it has not violated the underlying purchase agreement or bankruptcy protections in connection to the disputed ownership of $14.6 million in credit card reserves.
March 21, 2019
A New York bankruptcy judge told Sears and a hedge fund owned by its former CEO on Thursday that he'll need more time and evidence before he can decide the rightful owner of $14.6 million in credit card receipts.
March 20, 2019
Sears and a hedge fund owned by former CEO Edward Lampert that acquired the retailer's stores are asking a New York bankruptcy judge to resolve a dispute over more than $49 million in sales and receipts and prorated rent payments.
March 04, 2019
Cleary Gottlieb Steen & Hamilton LLP had little time to rest as the firm led the hedge fund of Sears chairman Edward Lampert in negotiations of a hotly contested buyout offer aimed at rescuing the iconic retailer from liquidation.
February 15, 2019
Creditors of Sears Holding Corp. were given the green light on Friday to investigate the bankrupt retailer's sale of $900 million in intercompany debt to a major lender, with a New York bankruptcy court approving requests to issue a slew of subpoenas and conduct discovery.
February 11, 2019
Sears Holding Corp.'s unsecured creditors committee on Monday asked a New York bankruptcy court to turn down a request to extend the retail giant's Chapter 11 plan filing deadline, saying with the sale of the business approved there remains little to wrap up.
February 07, 2019
A New York bankruptcy judge on Thursday approved ESL Investment Inc.'s $5.2 billion bid for Sears Holdings Corp. over objections from the retail giant's unsecured creditors committee, saying the going-concern sale was the best option for the business.
February 04, 2019
Objectors to the proposed $5.2 billion sale of Sears Holdings Corp. to ESL Investments Inc. questioned the sale agreement's legal releases, the solvency of the Sears estate and planned store closures in a New York bankruptcy court hearing Monday.
February 01, 2019
ESL Investments Inc. urged a New York bankruptcy court Friday to reject objections by Sears Holding Corp.'s unsecured creditors committee to the proposed $5.2 billion sale of the company to ESL, saying it is a fair deal and will revive the retail giant.