The Supreme Court unanimously decided that the Mall of America can challenge a lease it has with Sears. In 1991, the mall gave Sears a 100-year lease on a three-story location for just $10 per year.

The Sears location has been closed since 2019, and Mall of America said in court filings it wanted to start over with a new lease rather than allowing the new leaseholder to sublease the space at ...

“Mall of America opened in 1992 with Nordstrom, Macy's, Bloomingdale's and Sears, which was a coup for Melvin Simon and Associates, a predecessor of Simon Property Group, who together with ...

An attorney representing the Mall of America told the U.S. Supreme Court on Monday that it should be allowed to fight for control of the former Sears store that has been vacant since 2019.

There is nothing left,” Eric Brunstad, an attorney with the firm Dechert, told the justices this morning, Brunstad represents Transform Holdco, a subsidiary of ESL Investments, which bought Sears, and ...

The U.S. Supreme Court on Wednesday ordered an appeals court to review Mall of America’s dispute with the former chairman of Sears Holdings Corp. over a $10-a-year store lease, potentially ...

To start with, the case involves the intersection between Sears, the immense retailer that filed for bankruptcy in 2019, and the Mall of America, the largest retail shopping center in North America, ...

The Mall of America hit another roadblock in its year-long efforts to end a $10-a-year, 100-year lease with Sears, unable to convince the Second Circuit that a bankruptcy law rejecting certain ...

Many goodbyes already have been said in Sears’ native Illinois, with its last great headquarters rapidly fading from the ...

The U.S. Supreme Court took up Mall of America’s attempt to take back a $10 annual lease for a now-vacant Sears department store, agreeing to weigh-in on a case that could make it easier for ...

How does a company that gets its start as a mail-order watch business survive depressions and war and become one of America’s largest mall-based ... Kmart acquired Sears, and management failed ...

The Supreme Court unanimously decided that the Mall of America can challenge a lease it has with Sears. In 1991, the mall gave Sears a 100-year lease on a three-story location for just $10 per year.