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In the original lawsuit, Sears Holdings claimed Lampert and other investors were “woefully insolvent by billions of dollars” by the time the company filed for bankruptcy in Oct. 2018.
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, ... The lawsuit was settled in January 2020. [62] On October 29, 2022 ...
Roberts sued Sears in 1969 after seeing his quick release on a wrench prominently displayed in a Sears catalog, but it wasn't until 1989 that the case was finally settled. Neither side revealed the amount of the settlement. [40] In August 2002, Sears sued Emerson for using Sears-owned manufacturing equipment to create power tools for Home Depot.
The settlement aims to clear nearly 100,000 lawsuits filed by consumers ranging from homeowners to farmers who say they developed cancer because of the product. Some 25,000 cases still remain.
In the middle of 2009 the Federal Trade Commission filed a complaint against Sears Holdings Management Corporation (SHMC) for unfair or deceptive acts or practices affecting commerce. [1] SHMC operates the sears.com and kmart.com retail websites for Sears Holdings Corporation. As part of a marketing effort, some users of sears.com and kmart.com ...
Facebook recently paid 1.4 million Illinois residents $397 in 2022 as part of a class action lawsuit for facial recognition breaches through its “Tag Suggestions” feature, per CNBC.
In 2007, CEH testing found high levels of lead in a Curious George doll and other toys, leading to the organization's lawsuit against Marvel and other companies, including Toys R Us Inc., Wal-Mart, Sears, Kmart, K-B Toys, Target, Costco, and others for selling toys containing lead. [16]
The settlement could resolve years-long litigation filed against Lampert and other defendants in 2019 over allegations of “asset stripping” and “rank” self-dealing.