January 28, 2019
Sears Holding Corp.'s unsecured creditors on Monday filed their promised challenge to the proposed $5.2 billion sale of the company to a hedge fund owned by ex-Sears CEO Edward Lampert, saying the plan will neither save jobs nor provide value for creditors.
January 24, 2019
Sears Holding Corp.'s unsecured creditors committee has asked a New York bankruptcy court for permission to sue ex-CEO Edward Lampert and his hedge fund, claiming they drove the retail giant into bankruptcy for their own profit.
January 18, 2019
Sears Holding Corp. on Friday told a New York bankruptcy court that it had accepted a $5.2 billion bid from a hedge fund owned by former Sears CEO Edward Lampert, putting the bankruptcy case on course for a contested sale hearing at the beginning of February.
January 08, 2019
Sears Holding Corp. told a New York bankruptcy judge Tuesday that it will consider a revised version of a $4.4 billion bid for the company from a hedge fund owned by company chairman and ex-CEO Edward Lampert, giving the retail giant a chance to avoid liquidation.
January 04, 2019
The U.S. Trustee overseeing the Sears Holding Corp. bankruptcy has asked a New York bankruptcy judge to appoint an independent fee examiner, saying the number of professionals that have been retained for the case demands it.
January 02, 2019
A New York bankruptcy judge on Wednesday approved the sale of $900 million in Sears Holding Corp. intercompany debt to debtor-in-place lender Cyrus Capital Partners after last month's call for new offers found no takers.
December 20, 2018
A New York bankruptcy judge told Sears Holding Corp. Thursday it went beyond his order when it sold $900 million in intercompany debt to debtor-in-place lender Cyrus Capital Partners, saying Sears will have to entertain new bids and get a new order in the new year.
December 18, 2018
Sears Holding Corp. on Tuesday won approval from a New York bankruptcy judge for the sale of its home improvement business for $60 million, while telling the judge it is going ahead with the sale of the rest of its assets without a stalking horse bidder.
December 14, 2018
Sears Holding Corp. and debtor-in-place lender Cyrus Capital Partners have asked a New York bankruptcy court to reject a call to vacate the sale of $900 million in intercompany medium-term notes to Cyrus, calling it a ploy by a failed bidder to change the results.
December 12, 2018
Sears Holding Corp. on Wednesday asked a New York bankruptcy court to reject a U.S. Trustee's Office challenge to its proposal to pay $25 million in bonuses to top executives and employees, saying it's established the bonuses are fair and needed.