FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day after it closed as part of multiple store closures by Sears Holdings Corp in the United States in Nanuet, New York, U.S., January 7, 2019. REUTERS/Mike Segar
The lawsuit, made public on Thursday, was filed by the restructuring team winding down what remains of the pre-bankruptcy Sears following Lampert’s $5.2 billion purchase in February of most of its assets. “Had defendants not taken these improper and illegal actions, Sears would have had billions of dollars more to pay its third-party creditors today and would not have endured the amount of disruption, expense, and job losses resulting from its recent bankruptcy filing,” the complaint said.
Mnuchin, a college roommate of Lampert’s at Yale University, had been a Sears director and ESL executive.
The name Gordan Gekko comes to mind
They JUST noticed
What comes around
This is what happens when executive compensation and the company’s performance aren’t tied together. It’s easy to make bad decisions when you’re playing with someone else’s money.
The SEARS chairman looted.....I bet his linen cupboard is loaded... said Alderson Federal Prison
Cause he did
Is that Sears Polo Park?
umm. duh?
Lol they're just now seeing this? I worked for Sears. I left the company because of lampert.
No shit.
Do you still shop at Sears?
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