Sears Estate Fees Top $140 Million for Bankruptcy Advisers

July 23, 2019, 10:47 AM UTC

The entity known colloquially as “old Sears” has paid out $140,354,391 as of June 1 to law firms, investment banks, restructuring experts and other entities, according to a regulatory filing.

Cumulative sums include:

  • $34.1m to Weil, Gotshal & Manges
  • $17.57m to Akin, Gump
  • $16.5m to Lazard Freres
  • $10.3m to M-III Advisory Partners
  • $12.95m Paul Weiss Rifkind Wharton & Garrison
  • $7.11m Houlihan Lokey
  • $6.0m FTI Consulting
  • $3.76m Alvarez & Marsal

Balance sheet shows assets and liabilities of $308 million

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