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Sears Estate Looks To Avoid $194M Canadian Court Fight

Law360 (May 15, 2019, 7:48 PM EDT) -- Sears Holding Corp. is urging a New York bankruptcy judge to reject an attempt to bring the company to Canadian court to try to claw back more than $194 million in dividends it received from Sears Canada, saying the dispute can and should be settled in the U.S.

In a motion filed Tuesday Sears asked the court to reject the request by the Canadian parties — the court-appointed restructuring monitor for the now-bankrupt Sears subsidiary, the administrator of its pension plan and a class of Sears Hometown Dealer franchise owners — to lift the bankruptcy stay to allow their claim, saying...

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