Sears Denied Damages for Lengthy Litigation With Mall of America

A federal judge ruled that Sears Holdings Corp.'s liquidating trust isn’t entitled to damages related to a $2.5 million bond posted by Mall of America, following the mall owner’s failed attempts to appeal a court order over ownership of the store’s lease.

The bond doesn’t insure against “every adverse consequence” of the winding litigation related to the three-story former Sears location in Minneapolis, Judge Colleen McMahon of the US District Court for the Southern District of New York wrote Tuesday.

Neither Mall of America nor Travelers Insurance, which insured the bond, are liable for any damages stemming from the ...