Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

the restructuring team responsible for winding down sears' bankruptcy estate is suing lampert and others on behalf of creditors, may of whom blame lampert for sears' downfall.

because the creditors feel sorry for the common shareholders, they have decided to give a bunch of the settlement to the common shareholders if they prevail.

they have decided to do this even if there is not enough money to pay the lawyers and to fully compensate them for their losses.

i'm not exactly sure how to thank these creditors for their generous gesture but i'm going to raise a glass to all of them this evening.

what a bunch of swell people to agree to share what is legally theirs if they do win with those of us who have absolutely no claim to any of these possible litigation proceeds.

sleep well my friends, the common share price will certainly zoom past $1 in the coming week.