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'Old' Sears settles differences with 'new' Sears

|About: Sears Holdings Corp. (SHLDQ)|By: , SA News Editor

Sears Holdings (OTCPK:SHLDQ) has agreed to settle litigation over new owner Edward Lampert's $5B purchase of the retailer's choice stores for more than $18M.

Fights between the "old" and "new" Sears over the payment terms of the transaction, as well as promised inventory, started almost immediately.