Business

Eddie Lampert Loses Ruling Tied to $718 Million Claim on Old Sears

Sears Alejandro Cegarra/Bloomberg News

Eddie Lampert suffered a setback in federal court this week when a judge effectively ruled that some of his claims against the bankrupt estate of Sears Holdings Corp. have so little priority that they are likely worth a fraction of what he’s demanding.

Josh Saul and Steven Church | Bloomberg News
August 7, 2019
Government, Business

Sears, Kmart to Close 26 More Stores in US in October

Sears Daniel Acker/Bloomberg News

The Sears store culling isn’t over. The struggling retailer will shutter 26 more of its large-format Sears and Kmart stores in late October, it announced on its website. Any of the locations with auto centers will close those divisions in late August, it said.

Anne Riley Moffat | Bloomberg News
August 7, 2019
Government, Business

Eddie Lampert’s Transform Holdco Sues Sears Estate, Demands Trial and $130 Million

Sears Daniel Acker/Bloomberg News

The fight over the deal that bought Sears Holdings Corp. out of bankruptcy shows no sign of cooling off.

Josh Saul | Bloomberg News
May 29, 2019
Business

Sears Estate Sues Eddie Lampert, Claiming Illegal Transfer of Assets

Sears Losses Seth Wenig/Associated Press

The bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and his hedge fund ESL Investments Inc., claiming they wrongly transferred $2 billion of company assets beyond the reach of creditors in the years leading up to the retailer’s bankruptcy.

Josh Saul and Steven Church | Bloomberg News
April 18, 2019
Government, Business

Bankruptcy Judge Gives Sears Another Chance

Sears Seth Wenig/Associated Press

A bankruptcy judge on Feb. 7 approved a $5.2 billion plan by Sears’ chairman and biggest shareholder to keep the iconic business going.

Anne D’Innocenzio | Associated Press
February 8, 2019
Business

CEO Eddie Lampert’s Winning Bid for Sears Valued at $5.2 Billion

Sears store David Paul Morris/Bloomberg News

Eddie Lampert’s winning bid to salvage Sears Holdings Corp. valued the bankrupt retailer at $5.2 billion, according to a statement.

Josh Saul | Bloomberg News
January 17, 2019
Business

Sears CEO Eddie Lampert Wins Bankruptcy Auction That Keeps Company Alive

Sears store David Zalubowski/Associated Press

Eddie Lampert won a bankruptcy auction for Sears with a plan that will keep the rtailer in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions.

January 16, 2019
Business

Former Sears CEO Raises Offer in Bid to Keep Company Open

Sears store Seth Wenig/Associated Press

Eddie Lampert’s ESL Investments submitted an improved offer of more than $5 billion in an attempt to keep Sears Holdings Corp. in business.

January 10, 2019