Sears sues Lampert, claiming he looted company and drove it into bankruptcy

[Banjo]

https://www.reuters.com/article/us-...gn=Feed:+reuters/businessNews+(Business+News)

 

[Stockolio]

https://www.reuters.com/article/us-sears-lawsuit/sears-sues-lampert-claiming-he-looted-company-and-drove-it-into-bankruptcy-idUSKCN1RU1V3?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/businessNews+(Business+News)

Fast Eddy! The definition of Moral Hazard...

Even Sears Pensions has money missing

 

[Handle123]

I was wondering when this was going to happen, makes no sense for hedge fund be loaning to a company and they are running or ruining it. I could see him losing all the real estate.

 

[JSOP]

That's one way to get some money back

 

[Banjo]

Here Are Sears Holding’s Five “Fraudulent Transfers” and Why “Culpable Insiders” Lampert, Mnuchin, et. al Got Sued
https://wolfstreet.com/2019/04/18/c...-over-sears-holdings-fraudulent-transactions/

 

[RainMaker3000]

To simply put it, Lampert slept on the job! People knew that Sears was a good short back in 2010. Could have been on the same level as Amazon...such a good name put to waste...smh