Sears Holdings Corporation – ESL Claims “Litany of Breaches” of APA, Seeks $130mn in Compensatory Damages

May 25, 2019 – Transform Holdco ("Transform," owned by ESL Investments, Inc.) filed a complaint against the Debtors [Docket No. 4033] listing a "litany of breaches" of the January 17, 2019 asset purchase agreement further to which Transform agreed to purchase the Debtors' going concern business for mixed consideration of $5.2bn. In its prayer for…