SHLDQ - Recent Sears Litigation Developments Could Impact Seritage
- Judge Drain appointed three mediators to help settle the litigation against Seritage by Sears.
- Sears wants the prior $40 million settlement declared null and void.
- Many investors seem to be ignoring the potential large liability that Seritage faces because of the alleged fraudulent transfer of 266 parcels in 2015.
- Sears filed a $35 million funding motion last week to help finance the litigation against Seritage and others.
- Judge Drain still has not ruled on Seritage's February 2020 motion to dismiss.
For further details see:
Recent Sears Litigation Developments Could Impact Seritage