1. Sears Boss Eddie Lampert Accused of Possibly Profiting From Retailer's Decline

    Sears Boss Eddie Lampert Accused of Possibly Profiting From Retailer's Decline

    ... were advised by independent financial and legal advisors and featured other appropriate corporate governance procedures," the hedge fund said...

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    1. We have every confidence that all transactions involving ESL and Eddie Lampert are valid and enforceable, based on fair and reasonable terms, which were approved by independent directors who were advised by independent financial and legal advisors and featured other appropriate corporate governance procedures.
    2. No one should be shocked that he is profiting off transactions to lend Sears money —the issue is, were those deals done at arm's length and at commercially reasonable terms?
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