Sears Owner Loses Mall of America Lease Supreme Court Fight (3)

Transform Holdco LLC, an Eddie Lampert-owned shell company that bought the Sears department store chain out of bankruptcy, lost a US Supreme Court fight over the Minnesota-based Mall of America’s attempt to get back the department store’s $10-a-year lease that was included in the sale.

In a unanimous decision Wednesday, the justices found that a district court has jurisdiction to review Mall of America’s challenge of the lease transfer that was part of Transform’s 2019 acquisition of Sears Holdings Corp.'s assets.

The court vacated and remanded a ruling by the US Court of Appeals for the Second Circuit. Justice Ketanji ...