Sears Holdings Corporation

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Case overview

Case Number:

7:18-bk-23538

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

January 28, 2019
Sears Unsecured Creditors Challenge $5.2B Ch. 11 Sale

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 Creditors Seek To Sue Ex-CEO For Retailer's Downfall

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 OKs $5.2B ESL Bid, Preps For Feb. 4 Sale Hearing

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 Gives Ex-CEO's Fund 1 Day To Submit Revised Bid

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
US Trustee Wants Fee Examiner In Sears Bankruptcy

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
With No New Bids, Judge OKs Sears Notes Sale To Cyrus

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
Judge Tells Sears It Sold Too Many Notes, Undoes Sale

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 Gets Approval For $60M Home Improvement Biz Sale

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, Cyrus Blast Swap Bidder's Objection To Notes Sale

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 Defends $25M Exec Bonuses From Trustee In Ch. 11

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.