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:

April 23, 2020
Sears Gets Nod On $154M Ch. 11 Deal With Canadian Unit

A New York bankruptcy judge has approved a $154 million settlement between Sears Holdings Corp. and Sears Canada Inc. over a suit by the Canadian retail chain seeking to claw back a 2013 dividend payment to its parent company and shareholders.
February 28, 2020
New Sears Owner Can't Assume Mall Of America Lease

A New York federal judge has found the new owner of Sears Holding Co.'s stores can't assume the retail chain's Mall of America lease unless it can show it has something similar to Sears' financial stability at the time it first rented the space almost three decades ago.
January 13, 2020
Sears, ESL Reach $18M Settlement Of Sale Dispute

Sears has told a New York bankruptcy court that its buyer ESL Holdings has agreed to pay $18.3 million to resolve the last disputed issues over who owes what under ESL's $5.2 billion deal to purchase the retail chain last year.
December 13, 2019
Sears Ch. 11 Board Can Get Bonuses For Litigation

A New York bankruptcy judge Friday approved litigation-based bonus compensation for members of Sears Holding Corp.'s liquidating trust board over the objection of vendors questioning the size of the bonus and how it was decided.
December 11, 2019
Court Expert To Examine Sears-ESL Sale Disputes

A New York bankruptcy judge has appointed an independent expert to examine a months-old wrangle between Sears Holding Corp. and ESL Investments over whether Sears short-changed ESL by tens of millions of dollars in their $5.2 billion deal earlier this year.
November 08, 2019
Kmart Seeks $7.7M In Clawbacks From Vendors, Contractors

Sears Holding Corp. subsidiary Kmart is asking a New York bankruptcy judge to claw back nearly $7.7 million paid to vendors and contractors in the three months prior to Sears' Chapter 11 filing.
October 15, 2019
Sears Wins Approval Of Ch. 11 Plan, But Exit Isn't Imminent

A New York federal judge on Tuesday confirmed Sears' Chapter 11 plan that sets aside $3 million for retirees and will allow post-bankruptcy vendors to receive 75 cents on the dollar, while keeping the case open until the retailer can recoup some of the expenses it has racked up in bankruptcy.
October 03, 2019
Sears Seeks OK For Ch. 11 Plan, Creditor Settlements

Sears Holding Co. asked a New York bankruptcy judge Thursday to approve an open-ended Chapter 11 plan that sets aside $3 million for retirees and will allow post-bankruptcy vendors to receive 75 cents on the dollar by the end of the year.
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.