Sears Holdings Corporation

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Case overview

Case Number:

7:18-bk-23538

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 16, 2019
Sears Asks For Cramdown Of Ch. 11 Plan Over Objections

Sears has asked the New York bankruptcy court overseeing its massive restructuring to cram down a Chapter 11 plan over the objections of trade vendors, who helped keep the retailer alive during last year's holiday season but now worry its plan could leave them out in the cold.
August 27, 2019
Sears Vendors Demand Halt On New Attorney Fees

A bottled water company has joined multiple other Sears Holding Corp. vendors in asking for a halt to new professional expenses claims and equal treatment in splitting up what it says is a shrinking pool of money.
August 06, 2019
Sears Buyer Says Ch. 11 Plan Won't Cover Claims

ESL Investments Inc. on Tuesday objected to Sears Holding Corp.'s Chapter 11 plan, saying the plan includes dubious assumptions about what ESL owes Sears for its purchase of the retail chain that may leave Sears with too little cash to meet its obligations.
August 01, 2019
US Trustee Says Sears Ch. 11 Plan Releases Aren't Allowed

The federal bankruptcy watchdog objected Thursday to the proposed Chapter 11 plan of retail giant Sears Holdings Corp., saying the plan includes impermissible releases given by third parties and does not adequately ensure that all of the debtor's nearly $500 million in administrative costs will be paid.
July 11, 2019
Sears Buyer Owes $166M More In Sale Deal, Judge Says

A New York bankruptcy judge Thursday awarded Sears Holding Corp. $166 million in its dispute with ESL Investments, saying Sears' interpretation of its $5.2 billion sale deal made the most sense.
July 09, 2019
Sears Reneged On Purchase Agreement, New Owner Says

ESL Investments has asked a New York bankruptcy court to end a monthslong dispute with Sears Holding Corp. over the terms of ESL's $5.2 billion purchase of the troubled retailer, saying Sears is shorting it by tens of millions and claiming money it isn't entitled to.
July 08, 2019
Sears Seeks $330M From New Owner Over Store Sales

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.
June 20, 2019
Retiree Benefits Committee OK'd In Sears Ch. 11

A New York bankruptcy judge Thursday found an official committee will be needed to deal with a challenge to Sears Holding Corp.'s termination of life insurance policies for tens of thousands of retirees.
June 17, 2019
Sears Says It Had The Right To End Retiree Insurance Plan

Sears has told a New York bankruptcy court that its Chapter 11 case doesn't need a retiree committee to look into the disputed cancellation of a retiree life insurance plan, saying it has no money to pay for the insurance even if the retirees are entitled to it.
May 28, 2019
Lampert Claims Sears Hasn't Made Good On Sale Deal

Ex-Sears CEO Edward Lampert's hedge fund has filed an action against Sears Holding Corp. in New York bankruptcy court claiming the bankrupt retail chain owes it hundreds of millions of dollars for assets it failed to turn over and liabilities it has refused to assume.