Sears Seeks $330M From New Owner Over Store Sales

Law360 (July 8, 2019, 7:45 PM EDT) -- Sears Holding Corp. has asked a New York bankruptcy court to force ESL Investments to inject hundreds of millions in value into its estate, claiming the hedge fund reneged on aspects of its $5.2 billion purchase of the troubled retailer in February.

The dispute over several sections of the February asset purchase agreement has been simmering practically since it was struck, but in a brief filed on Wednesday, Sears urged U.S. Bankruptcy Judge Robert D. Drain to rule in its favor once and for all ahead of a hearing set for July 11.

Much of the contention centers on Section 2.3...

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