Sears Holdings Corp. (fka SHLDQ)

[Koog]

He sold the real-estate to Seritage, his own firm. I see common sense in that. Why let other make money out of your losses

This is called self-dealing. At the expense of the common shareholders. He transferred the largest assets Sears had from the public company, SHLD (common shareholders) to another company which was mostly held by his hedge fund.

This is why Lampert is a bottom dealing four flusher.