https://www.chicagobusiness.com/retail/sears-bankruptcy-brawl-gets-examiner-contested-million
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Remember when Eddie was Sears' Chairman and execs personally guaranteed that all the vendors should personally keep delivering because Sears had secured $300M in financing? Pepperidge Farm remembers. Who's the owner of Sears Holding again, and the large majority shareholder who can fire the board of Sears Holdings any time he feels like it? Oh right, Eddie. It's just transferring money out of one pocket and into another. It's all a charade of a puppet show so he can claim to regulators that there's no conflict of interest, in what will probably be a successful attempt to keep himself out of jail though he's guilty as sin itself..
The two sides have been engaged in an ugly fight since shortly after the $5 billion sale was approved in February. The Sears estate sued ESL founder Eddie Lampert in April for allegedly transferring billions of dollars in company assets when the retailer was insolvent.
Lampert sued the estate the following month for allegedly failing to deliver “hundreds of millions of dollars of assets” called for by the sales agreement.
Mpp. Thank you.
https://www.chicagobusiness.com/retail/sears-bankruptcy-brawl-gets-examiner-contested-millions corrected link, you left off the s from millions