[Gene Eric]

FWIW, Lowes now sells Craftsmen tools — maybe just old inventory.

[Kazan]

Sounds like something Mitt Romney would do.

[FLT-bird]

Sears should have been wound up along with Kmart years and years ago. They were sloppy, inefficient and had no hope of competing with Target or Wal-Mart.

[Responsibility2nd]

Didn’t Lampert actually keep Sears alive long after everyone else gave it up as dead?

[C19fan]

Vampire Capitalism at its finest.

[blackdog]

I worked for a company in the 80s that was in similar health and market forces at the time. 3 CEOs and their teams kept up the window dressing while each month we lost a wing or a floor in our building, for years. When all said and done we went from a happy Friday to fighting over what was left in the postage meter on Monday. Nobody wants to hear the truth.

[faithhopecharity]

at long last...

[Abathar]

I wonder what they will do with the Kenmore brand name, has anyone heard if someone has bought that yet?

[DesertRhino]

Just another Romney style hedge fund looting and raiding of a company. Nothing to see here.

[caww]

Lampert never had any intensions of K-Mart surviving....keep in Mind it was K-Mart that bought Sears.

[bert]

So, what was illegal about stripping and selling assets for the benefit of stockholders?

One wonders if bankrupt Sears has the cash to fund the lawsuit?

[moovova]

Sears...a day late and a dollar short.

I hate it. Sears was an American icon.

[Kommodor]

They should have done something about that years ago, while the looting was in progress, rather than wait until the inevitable result.

It’s sad, Sears, Monkey Ward’s & Jacques Pennet were staples of life in the Podunk Midwest. Now, pretty much just fading memories.

(But I’d still like one of the train sets from the Christmas catalog, with the scenery and all the stuff. Those looked cool.)

[jimwatx]

that transaction undervalued the real estate by at least $649 million, stuck Sears with hundreds of millions of dollars of rent and fees from leasing most of the 266 stores back, and was structured to benefit favored shareholders like Lampert

If true it looks like Lampert did a number of questionable deals in disposing of assets to benefit himself and others.

[unread]

What killed Sears is the same thing that killed K-Mart.. Feminism...

[Falconspeed]

Richard Sears started a mail order business selling watches in 1886. Al Roebuck fixed watches and joined Sears in 1887. Their first store opened in Chicago in 1925. Kmart bought Sears in 2005. Today there are 9 Sears stores in Los Angeles nice watches. Wallmart has 9 super centers in Los Angeles. Walllmart is busier.

[Don W]

I hope that SOB gets what he deserves. In spades.

He killed thousands of jobs and intentionally crushed the value of the brand.