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Sears Investor Sues To Halt $2.5B REIT Plan

By Matt Chiappardi (June 19, 2015, 3:27 PM EDT) -- A Sears Holdings Corp. investor launched a derivative lawsuit in Delaware Chancery Court on Thursday looking to halt the company's $2.5 billion plan to sell about 250 properties to its newly formed real estate investment trust Seritage Growth Properties, arguing it has the potential to bankrupt the retailer....

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