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Sears took out its third loan in a month from its CEO's hedge fund.
Berkowitz has remained one of Sears chairman and CEO Eddie Lampert's stalwart backers through the company's tumultuous times.
Sears is borrowing more money from CEO Eddie Lampert's hedge fund.
Eddie Lampert's hedge fund, ESL Investments, has agreed to give the company a $200 million line of credit.
As Sears retreats from one of its most promising locations, Seritage says it can triple the rent by turning the space over to the new tenants.
Sears’ CEO agrees to $40 million settlement of lawsuit that alleged he unfairly enriched himself with the company’s ‘crown-jewel ass...
Sears CEO Eddie Lampert and his hedge fund are paying $40 million to settle a shareholder lawsuit claiming that Lampert stripped the company of its best assets.
Sears is facing its biggest crisis ever — and former and current Sears staffers put the blame squarely on its CEO.
Eddie Lampert has agreed to give the company a $500 million loan backed by Sears' properties.
"How many retailers have really sunk, and then come back?" Buffett said in an interview in 2005.
Sears' shares surged by as much as 6% on the news.