Thread regarding Sears layoffs

PRELIMINARY OMNIBUS OBJECTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF SEARS HOLDINGS CORPORATION, ET AL., TO THE ESL PROOFS OF CLAIM

PRELIMINARY OMNIBUS OBJECTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF SEARS HOLDINGS CORPORATION, ET AL., TO THE ESL PROOFS OF CLAIM

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Docket 2025

Seeks to have ESL credit bid disallowed. Claims debt should be considered equity investment

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This is after the Purchase Agreement Hearing (Feb 4). They are throwing everything they have at him. Will be interesting to see this play out. I think it will likely not be heard at the Omnibus hearing, since its the same objection as the Sale Hearing, I'm sure.

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