1. Sears CEO Will Pay $40 Million to Settle Suit Claiming he Unfairly Enriched Himself with the Company's 'Crown-Jewel Assets'

    Sears CEO Will Pay $40 Million to Settle Suit Claiming he Unfairly Enriched Himself with the Company's 'Crown-Jewel Assets'

    Sears CEO Eddie Lampert and his hedge fund are paying $40 million to settle a shareholder lawsuit claiming that Lampert stripped the company of its best assets to benefit himself and his hedge fund.

    The lawsuit targets a real-estate investment trust called Seritage Growth Properties, which Lampert created in 2015...

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    1. We have consistently taken the position that all Sears shareholders were free to participate in the Seritage rights offering.
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