By  on January 23, 2019

The fate of Sears remains in limbo as Eddie Lampert and his hedge fund ESL Investments wait to see if their bid to reclaim Sears is approved by a bankruptcy judge. The answer will be determined on Feb. 1.

On the line are tens of thousands of jobs and roughly 425 Sears and Kmart stores around the nation. But avoiding liquidation might not spare Lampert from being liable to creditors for previous deals under his leadership.  

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