Sears Holdings May Finally Exit Bankruptcy After Judge Appoints Mediators

  • Sears Holdings‘ Chapter 11 bankruptcy case may actually be headed to a conclusion after 3 ½ years. On April 6, Judge Drain appointed three mediators to help settle the litigation brought by Sears Holdings against Eddie LampertESL, and others. If there is no settlement via mediation, it looks like Sears Holdings may get outside funding to continue its litigation. There has been no funding motion filed yet, but a review of Akin Gump‘s recent fee dockets indicates that potential funding avenues are being explored. More from SeekingAlpha.

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