Sears retirees seek appointment of trustee to help recoup part of the $3B in dividends paid to shareholders

TORONTO — Sears Canada creditors could be a step closer in their attempt to recoup some of the $3 billion in controversial dividends paid out to the company’s shareholders — most notably, Sears Holdings Corp. chief executive Edward Lampert — years prior to the defunct retailer’s insolvency filing last June.

Lawyers acting for the former retailer’s pensioners will make a motion on Thursday to appoint a litigation trustee in Sears Canada’s bankruptcy process who will look at...

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