Bloomberg Law
Dec. 5, 2022, 7:57 PMUpdated: Dec. 5, 2022, 9:49 PM

Sears Owner Tells Supreme Court No Remedy for Mall of America (1)

Alex Wolf
Alex Wolf

Transform Holdco LLC, a company founded by former Sears CEO Eddie Lampert, told the US Supreme Court that “the ship has sailed” on the Mall of America’s opportunity to unwind the bankruptcy sale of the retail company.

MOAC Mall Holdings LLC has no remedy options in a fight over Transform’s transfer of a Sears department store lease at the nation’s largest mall after buying the iconic chain out of bankruptcy, Transform said during oral arguments Monday.

“There is no way to undo the sale in this instance,” Transform attorney G. Eric Brunstad Jr. of Dechert LLP said. “The bankruptcy court ...