Friday, January 18, 2019

Sears creditors object to Eddie Lampert’s winning bid, call it part of ‘years-long scheme’

MarketWatch
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 in court.

Sears creditors contend that Lampert has painted himself as the savior of the company, but has instead made a series of moves over the years that have benefited himself and his hedge fund ESL.. . . more