Sears

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.

Bloomberg News
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.

Josh Saul and Katherine Doherty | Bloomberg News
January 10, 2019