Daily News: May 30, 2019

Lampert Tells Bankruptcy Court He Can’t Pay Severance


CNN News reported that Sears’ owner Eddie Lampert is attempting to renege on millions of dollars in severance payments promised to former Sears employees.

CNN added that Lampert’s recent filings with the U.S. Bankruptcy court also indicate he is threatening not to make $43 million in pension payments to workers who lost their jobs through company layoffs and store closings.