SEARS HOLDINGS: AIG Contract Breach Lawsuit Settled on Aug. 21

The appellate court, on Aug. 21, 2008, reversed the trial court’s judgment and entered judgment in favor of Sears Holdings Corp. on all counts in the suit captioned AIG Annuity Insurance Company, et al. v. Sears, Roebuck and Co.

The…

SEARS HOLDINGS: Kmart Vendor Allowances Inquiries Still Ongoing

The investigations of the U.S. Securities and Exchange Commission and the U.S. Attorney for the Eastern District of Michigan continue on Kmart Holding Corp. are ongoing.

The investigations focus on the recorded vendor allowances and the disclosure of certain events…