Sears sues ex-CEO Lampert, Treasury's Mnuchin, others for 'thefts' of billions from bankrupt retailer
, a real estate investment trust Lampert created through some Sears' properties a year later.
"Altogether, Lampert caused more than $2 billion of assets to be transferred to himself and Sears' other shareholders and beyond the reach of Sears' creditors," the lawsuit alleged on Thursday. The suit names numerous defendants besides Lampert and Mnuchin, including two high-profile directors Bruce Berkowitz, a hedge fund manger who was a large investor in Sears, and Kunal Kamlani, president of ESL.
Mnuchin, who resigned from the Sears board when he was nominated to head Treasury, wasn't immediately available to comment.
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