Mall Of America Takes Sears Lease Row To 2nd Circ.

By Rick Archer (June 10, 2020, 6:47 PM EDT) -- The owners of the Mall of America told a New York federal judge Wednesday that it will be asking the Second Circuit to review her determination that she lacked the authority to rule that Sears' new owners can't assume the bankrupt retailer's Mall of America lease.

Coming days after U.S. District Court Judge Colleen McMahon said she was done "wrestling" with the case, MOAC Mall Holdings LLC said it will be appealing her reversal of her previous finding that Transform Holdco LLC could not assume Sears Holding Corp.'s old lease in the Minnesota mall.

At issue is whether ESL-owned Transform can...

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