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Creditor Lawsuit Against Ex-Sears Owner Lampert Now in Mediation

April 7, 2022, 9:54 PM

A lawsuit against former Sears owner and chairman Eddie Lampert and other company shareholders is headed to mediation, according to a filing.

  • Judge Robert Drain, who oversaw the Sears bankruptcy, assigned Shelley Chapman, James Peck and Jed Melnick as co-mediators in the lawsuit
  • The lawsuit is what remains of a battle over assets following the retailer’s 2018 bankruptcy
  • The estate of Sears Holdings Corp. sued Lampert and his hedge fund ESL Investments Inc., claiming they wrongly transferred $2 billion of company assets away from creditors in the years before the Chapter 11 filing
  • The case is Sears Holdings ...