Sears Holdings – Court Confirms Liquidation Plan, Sets Aside $25mn to Fund Litigation Against ESL and Others

October 15, 2019 – The Court hearing the Sears Holdings Corporation cases has confirmed the Debtors' Modified Second Amended Joint Chapter 11 Plan of liquidation [Docket No. 5370].  Although the confirmation order marks the completion of an important phase of the Debtors' long, resource-draining bankruptcy process, the Court's order makes clear that there remains a…