Sears Holdings Corp. (fka SHLDQ)

[Sinister667]

Also to add

“Drain, meantime, seemed at some points to have run out of patience with the lawyers for the unsecured creditors. At one occasion, Drain admonished counsel for the unsecured creditors for having “spent 20 minutes going over stuff that is unnecessary.”


“During Monday’s hearing, attorneys for the committee of unsecured creditors – which includes major mall owners like Simon Property Group that want Sears to go out of business –pelted Sears representatives with questions seeking to undermine the company’s case to sell itself.
But Judge Drain, who will make the final decision, appeared visibly annoyed at times with that line of questioning and interjected on multiple occasions with comments questioning the relevancy of those inquiries.”

Sources

https://www.cnbc.com/2019/02/04/sears-creditors-challenge-idea-lamperts-bid-will-save-about-45000-jobs.html

https://www.usatoday.com/story/money/2019/02/04/sears-esl-deal-could-unravel-judge-continues-bankruptcy-hearing/2731794002/

Go SHLDQ