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Sears Sues Former Chairman Eddie Lampert - San Antonio Express-news

by mysanantonio.com posted 1month ago 2 views
NEW YORK (AP) — Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets. The lawsuit also names former Sears directors, including U.S. Treasury Steven Mnuchin as well as executives at Lampert's hedge fund ESL. Sears, which operates Sears and Kmart, filed for Chapter 11 bankruptcy protection in October, amid years of massive losses and sales drops.

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