A bankruptcy judge overseeing Sears Holdings Corp.’s case rejected the company’s request to increase compensation for three advisers hired to recover money by filing lawsuits against the retailer’s vendors and other parties.
Judge Robert Drain of the U.S. Bankruptcy Court in White Plains, N.Y., said he needs to see more information on why Sears needs to raise the advisers’ contingency fees to pursue claims against any third parties who received payment from Sears within three months before its bankruptcy filing.
Sears…
This post first appeared on wsj.com
