Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

judge drain refuses to undo cyrus swap/note deal. i view this as good news for the els bid getting approval:

In a brief hearing Wednesday in the U.S. Bankruptcy Court in White Plains, N.Y., the committee's attorney Ira Dizengoff said he was "not exactly sure what happened" but would investigate the transactions. Judge Robert Drain approved the note sale to Cyrus, which recently extended $350 million in bankruptcy financing to keep Sears afloat.