sears

Sears Granted Another Chance by Bankruptcy Judge

A judge has granted a $5.2 billion plan to Sears chairman and shareholder Eddie Lampert in an effort to keep the business going. Lampert’s plan managed to overcome opposition from creditors, including suppliers and mall owners, who pushed to block the sale and liquidate. Even with this reprieve, the long-term survival of the decades-old company remains in question.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com