Sears estate sues Edward Lampert, claiming he stripped $2 billion in assets - News Summed Up

Sears estate sues Edward Lampert, claiming he stripped $2 billion in assets


The complaint opens another chapter in the contentious battle over Sears, which collapsed into bankruptcy in October when Lampert was chief executive and then came within hours of liquidation. Lampert emerged in control of Sears with a last-minute rescue offer, but the squabbling over assets between ESL and the estate continued even after the deal was sealed.


Source: Los Angeles Times April 18, 2019 18:00 UTC



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