Sears Canada Inc. – October 16, 2020
October 16, 2020
We are pleased to report that on Friday, September 18, 2020, the Superior Court of Justice (Commercial List) approved the settlement of the lawsuits brought by Morneau Shepell as Administrator of the Sears Registered Retirement Plan, the Monitor, the Litigation Trustee, and the class action parties, against Edward Lampert, ESL Investments Inc., and the other remaining defendants in the litigation. The settlements are described in the 39th Monitor’s Report dated September 16, 2020, which is available here. To view the Order of the Court approving the settlement, please click here.