Stock holders take Lambert to court and settle for 40 million.Look up sears law suits 2 days ago
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https://www.bloomberg.com/news/articles/2017-02-09/sears-board-agrees-to-40-million-settlement-over-reit-deal
The settlement was paid to the company: Sears Holdings Corp; not to individual shareholders. It was paid from the BODs insurance; not by the CEO or any directors.
Ironically Lampert has indicated the funds will be used to pay own SHLD debt. While that is often good; that would be to bond holders; and ESL is their largest bin holder. Thus he can use the funds; paid from insurance; to line his own pocket for his own malfeasance.
old news - bfd
The $40 milliion settlement is nothing more than a slap on the wrist. To Eddie, $40 million, is nothing more than chump change. It essentially now puts him in the clear to go all the way and s--- Sears completely dry.