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eddie lampert
Sears poised to finally exit bankruptcy
The settlement is “a pittance."
Kmart to close Penn Station location in May
The Kmart at Penn Station will be closing for good on May 4 after a 24-year run. Some 160 employees will lose their jobs at the four-level megastore located at...
Eddie Lampert helps bankroll Sears as woes persist after bankruptcy
Sears has borrowed about $150 million from lenders, including its billionaire owner, Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people...
Sears is getting sucked dry by pricey lawyers and bankers
Surprise, surprise: Fancy lawyers are making a fortune off the Sears bankruptcy — and mom-and-pop suppliers are getting stiffed. An angry group of creditors claims that white-shoe law firms and...
AOC, Elizabeth Warren grill Mnuchin for role in Sears bankruptcy
Rep. Alexandria Ocasio-Cortez joined forces with Sen. Elizabeth Warren to challenge Treasury Secretary Steve Mnuchin over his role in the bankruptcy of Sears that resulted in thousands of workers being...
Sears accuses Eddie Lampert of looting the company
Sears filed an explosive lawsuit against Eddie Lampert on Thursday, accusing the hedge-fund billionaire of looting the retailer’s prize assets even as he ran it into the ground. In a...
Judge advises Lampert's firm to pay back millions swiped from Sears
A judge has “strongly” advised Eddie Lampert's hedge fund, which bought Sears out of bankruptcy last month, to hand over millions of dollars to the old Sears. At a Thursday...
Eddie Lampert's hedge fund took $57.5M from Sears: court docs
Sears claims Eddie Lampert swiped $57.5 million from its coffers — and it wants its money back. The iconic retail chain alleges that the secretive billionaire’s hedge fund ESL Investments,...
Stanley Black & Decker sues Sears over Craftsman brand
Sears emerged from bankruptcy barely a month ago — and owner Eddie Lampert is already making it new enemies. Stanley Black & Decker sued Sears this week for launching a...
Eddie Lampert steps down as chairman of Sears
Call it musical board chairs. Eddie Lampert resigned as chairman of Sears Holdings and took the helm of the board at Transform Holdco, the holding company that scooped Sears out...
Eddie Lampert hints Sears could eventually go public again
Sears Holdings Corp. will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel,...
Sears may struggle to find CEO with Eddie Lampert in charge
WANTED: A CEO to head up an antiquated department store chain owned by a micro-managing hedge fund boss who nearly ran the company into the ground. Less than a week...
Judge gives Eddie Lampert second shot at Sears
Sears was saved by a judge’s gavel. Bankruptcy Judge Robert Drain on Thursday handed hedge fund mogul Eddie Lampert the keys to the troubled retailer again, granting him a second...
Kmart stiffed St. Jude Children’s Research Hospital on donations: court docs
It’s not just lawyers, landlords and financial types who are after billionaire Eddie Lampert in the Sears bankruptcy case. Now, St. Jude Children’s Research Hospital wants to know where its...
Warren sends scathing letter to Lampert over Sears plan
Elizabeth Warren wants a Valentine’s Day present from billionaire businessman Eddie Lampert. The Massachusetts senator and presidential candidate sent a scathing letter to the hedge fund mogul on Thursday demanding...
Sears creditors call Eddie Lampert plan 'fantasy'
Sears’ creditors registered their most forceful objection yet to Eddie Lampert’s $5.2 billion bid to buy the bankrupt retailer, describing it as a “fantasy” in a 360-page court filing on...
Paralegal for Sears bankruptcy case billed $174K in one month
No one tops legal adviser Keri Grant for hours logged in Eddie Lampert’s Sears bankruptcy case. The Weil Gotshal & Manges paralegal billed some $174,000 for November assessing the troubled...
Creditors challenge Lampert's winning bid for Sears
A group of Sears creditors are challenging Chairman Eddie Lampert’s hedge fund’s winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances...
Sears confirms Lampert victory in bankruptcy auction
Sears Holdings chairman Eddie Lampert won a bankruptcy auction to buy the iconic retailer after presenting an improved offer of $5.2 billion, Sears confirmed Thursday, allowing it to keep its...
Sears to remain open after Eddie Lampert's $5.2B bid prevails in bankruptcy auction
Sears isn’t getting liquidated out of existence — it’s just getting downsized a little. That was the good news early Wednesday for 45,000 employees at the bankrupt retailer, as billionaire...