Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

no big deal.

when sears relocated to hoffman estates the village provided tax incentives to sears. in order to receive these annual tax incentives (which was an actual return of a portion of the taxes sears paid), sears needed to keep at least 4250 employees at the location.

there were descriptions as to how these employees were to be counted.

the school district of hoffman estates sued the village for the purpose of preventing the village from turning over $9+ million in tax incentives claiming sears had failed to maintain the minimum # of employees.

sears provided documentation they did and are asking judge drain to order the money turned over to sears.