Those payments as well as several others stretching back to 2005 were met with consternation by industry observers at the time
Sears Canada gave up the ghost this year after more than a decade of pundits calling for its demise.
TORONTO Sears Canadas bankruptcy monitor is investigating more than a half billion dollars of controversial dividend payments that the retailer made to its shareholders years before the defunct department store chain was declared insolvent last year.
In a court filing this week, court-appointed bankruptcy monitor FTI Consulting said it had identified potential transactions of interest in the ongoing court proceedings, inc…
Read the full article at: http://calgaryherald.com/news/retail-marketing/sears-canada-bankruptcy-monitor-to-examine-contentious-shareholder-payments-of-more-than-600m/wcm/caf22775-35e6-4e0c-b0a1-ebf334b1f4ad
