We’ve expressed a bit of skepticism about the wisdom of Eddie Lampert’s plan to buy Sears again. He finally had a chance to walk away from his biggest mistake ever, and instead he wants to repeat it. Why?
Sears’ unsecured creditors think they know why.
“ESL’s bid to ‘save the company’ is nothing but the final fulfillment of a years-long scheme to deprive Sears and its creditors of assets and its employees of jobs while lining Lampert’s and ESL’s own pockets,” the filing says.