With the Supreme Court's decision, the largest mall in the U.S. continues the challenge against a former president of Sears, requiring the ability to rent commercial space at a higher rate than an original lease.
On 19th April, the Supreme Court ordered an appeals court to review the dispute between Mall of America (Minnesota, owner MOAC Mall Holdings LLC) and the former President of Sears Holdings over a US$10 per year lease for a store.
In 2019, a property company owned by Mr. Eddie Lampert, a former President of Sears, bought some of the most profitable Sears stores out of bankruptcy (Chapter 11). Last month, the justices ruled unanimously against Transform Holdco, the property company in question. T
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Article authors
Sophie Baqué
Chief Editor of mind Retail