Sears and creditors reach $175 million deal with Eddie Lampert to settle litigation over allegations of self-dealing
August 11, 2022 at 14:43 PM EDT
After four years stuck in bankruptcy limbo, Sears Holdings and its creditors have reached a settlement with former Chief Executive and majority shareholder Eddie Lampert and other investors, clearing the path for the once-storied retailer to execute its bankruptcy plan.
