December 07, 2018
The U.S. Trustee's Office on Friday asked a New York bankruptcy court to reject Sears Holding Corp.'s request to pay up to $25 million in bonuses to top executives, saying there is not enough information on the criteria for the bonuses.
December 05, 2018
The U.S. Trustee's Office has asked a New York bankruptcy court to reject Sears Holding Corp.'s request to retain boutique law firm McAndrews Held & Malloy Ltd. to handle intellectual property matters unless it gets more information on what the firm will be paid.
November 27, 2018
A New York bankruptcy judge Tuesday gave Sears Holding Corp. permission to take out more than $2 billion in debtor-in-place financing after last-minute talks and bidding cleared up creditor objections to a portion of the financing agreement.
November 19, 2018
A New York bankruptcy court judge on Monday gave Sears permission to sell $900 million in internal debt after the retail giant and an objecting creditor said they had settled their differences about the proposal.
November 16, 2018
Sears is asking a New York bankruptcy court for permission to pay up to $25 million in executive incentive and retention bonuses, saying it needs to keep key employees focused on steering the company through its Chapter 11.
November 15, 2018
A New York bankruptcy judge Thursday approved Sears' proposed procedures for auctioning off the majority of its stores, but put off a decision on the retail chain's plan to sell $900 million in intercompany debt until next week.
November 14, 2018
Sears Holdings Corp. is firing back at its unsecured creditors' objections to its bidding procedures proposal, telling a New York bankruptcy court that the committee is making "uninformed" suggestions that could cost the estate billions.