Sears would be better off dead, creditors say, blasting Lampert’s plan to keep it on life support — Financial Post

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Chairman Eddie Lampert wants to keep Sears Holdings Corp. alive, but a group of the company’s creditors say they’d be better off if Sears were dead. The plan envisioned by Lampert amounts to “an unjustified and foolhardy gamble with other people’s money,” the unsecured creditors committee said in court papers on Friday. Staying in operation…

via Sears would be better off dead, creditors say, blasting Lampert’s plan to keep it on life support — Financial Post

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