The corporate shell of Sears that was left in bankruptcy is trying to end life insurance for its retirees without seeking court approval, lawyers for the U.S. Labor Department say in court papers.
More than 80,000 retirees may have vested rights related to life insurance benefits, Labor’s Kate O’Scannlain says in a court filing May 8.
The department asks the judge overseeing the company’s wind-down to require Sears Holdings Corp. to provide creditors with more details about about how it plans to handle cancellation of the retiree life insurance program
The bankrupt shell of Sears is putting together a plan ...
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