I
The hedge fund investor and former Sears boss who bought the chain's assets out of Chapter 11 bankruptcy is now trying to back out of an agreement to pay for the severance of the retailer's laid-off employees
8 replies (most recent on top)
Judge Drain needs to put a end of Sears misery by having Eddie arrested and the company to liquidate asap
I apologize. Here it is.
The severance money is being spent on legal fees. I never counted on severance. Too bad so many people couldn't see the light and actually thought they were going to get all or part of their severance.
From the linked article:
"In a court filing, Lampert's representatives accused Sears Holdings of failing to deliver "hundreds of millions of dollars of assets" it had promised as part of the deal to save the company from total liquidation. Those assets were earmarked to make the severance payments."
Eddie is blaming Sears Holdings for not having the money he stole from them.
Miami living ain't cheap.
The company that he screwed over he is now suing, it is hilarious. This is like some crazy movie come to life.
Shocker. And we are surprised?
Link to article:
https://finance.yahoo.com/news/sears-buyer-eddie-lampert-wants-201252411.html