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Sears and creditors reach $175 million deal with Eddie Lampert to settle litigation over allegations of self-dealing

·2 min read
Sears and creditors reach $175 million deal with Eddie Lampert to settle litigation over allegations of self-dealing

After four years stuck in bankruptcy limbo, Sears Holdings and its creditors have reached a settlement with former Chief Executive and majority shareholder Eddie Lampert and other investors, clearing the path for the once-storied retailer to execute its bankruptcy plan.