By  on November 9, 2018

ESL Investments Inc. is hoping to set the record straight — and do damage control — regarding its transactions connected to Sears Holdings Corp.

Attorneys for ESL have filed their “preliminary” response to the motion by the Unsecured Creditors Committee on Tuesday seeking expedited discovery in the Sears bankruptcy case.  The court document said that response was filed to “promptly correct the record with respect to the various unfounded allegations raised against ESL” by the Committee’s motion. It called the allegations in the motion “baseless” and “completely divorced from the facts.” Furthermore, the court document stated that “ESL’s actions have always been taken in good faith, on fair terms, alongside third parties, regularly reviewed by independent and experienced advisers, and beneficial to all Sears stakeholders.”

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