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Creditors Argue Sears Holdings Is a Lost Cause, Blame ESL, Lampert for Downfall

Biting Words in Bankruptcy Court Filing Seek Rejection of ESL’s $5.2 Billion Bid to Keep Sears, Kmart Stores Open
By Jennifer Waters
CoStar News
January 21, 2019 | 6:35 P.M.

In a scathing court filing, a group of unsecured creditors contested the proposed sale of Sears Holdings in bankruptcy to its chairman, Eddie Lampert, arguing the retail giant’s downfall “was precipitated by years of misconduct by Lampert,” his namesake hedge fund ESL Investments and others.

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