Sears Reaches $175 Million Settlement With Lampert, Clearing Way to Complete Bankruptcy
Retail TouchPoints
AUGUST 12, 2022
Sears Holdings and its creditors have reached a $175 million settlement agreement with former CEO Eddie Lampert and other investors that will clear the way for the retailer to execute its long-delayed bankruptcy plan. Lampert exited the CEO role when Sears entered bankruptcy in October 2018 and stepped down as Chairman in February 2019.
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