$509M PAID TO SEARS CANADA SHAREHOLDERS COULD BE SUBJECT OF COURT CASE

AN INVESTIGATION INTO MILLIONS OF DOLLARS IN DIVIDEND PAYMENTS TO SEARS CANADA SHAREHOLDERS WHILE THE COMPANY WAS IN DECLINE COULD SOON LEAD TO COURT ACTION.

RHONDA THISTLE SEARS CANADA PENSIONER RON HUSK WAS HAPPY TO LEARN THERE MAY BE COURT ACTION INVOLVING THE 509-MILLION DIVIDEND PAYOUT.

(Rhonda Thistle) Sears Canada pensioner Ron Husk was happy to learn there may be court action involving the $509-million dividend payout.
Sears Canada retiree Ron Husk, 73, had to return to work to make up for the shortfall in his pension payments.
An investigation into millions of dollars in dividend payments to Sears Canada shareholders while the company was in decline could soon lead to court action.

An investigation into millions of dollars in dividend payments to Sears Canada shareholders while the company was in decline could soon lead to court action. On Nov. 19, the court-appointed monitor for the retailer's...

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Article ID: 271253 Date: 8th November, 2018 Social Shares: 1901
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SEARS PENSIONERS HOPE TO RECOUP THEIR LOSSES IN $509M LAWSUIT


A court decision has given Sears Canada retirees hope they can recoup some of the millions of dollars missing from the now-defunct retailer's underfunded pension plan... READ MORE

4th December, 2018 533

DISCOUNTED ADMISSION TICKETS FOR OVER-60S 'ARE UNFAIR TO YOUNG'


The giveaway to older people is expected to fuel concerns that Britain has failed to adjust to growing pensioner incomes and wealth... READ MORE

16th September, 2018 1336

ALL REMAINING SEARS STORES IN CANADA TO CLOSE AFTER COURT OK'S LIQUIDATION


An Ontario Superior Court judge has approved a request by Sears Canada to liquidate all of its remaining stores... READ MORE

14th January, 2018 8615

SEARS RETIREES WAIT TO LEARN FATE OF THEIR PENSIONS AND WONDER WHERE THE MONEY WENT


Twitter Sears Canada retirees are still waiting to learn the fate of their pensions... READ MORE

12th February, 2018 6875

LAID-OFF SEARS WORKERS TRY TO BLOCK BIG CASH BONUSES FOR EXECUTIVE STAFF


Cash-strapped Sears Canada plans't o close 59 stores and eliminate 2,900 jobs as part of a court-supervised restructuring process... READ MORE

27th July, 2017 6412

SEARS PENSIONERS SEEK COURT ACTION TO RECOVER BILLIONS PAID TO SHAREHOLDERS


The money came from the sale of valuable Sears Canada assets such as prime real estate... READ MORE

13th February, 2018 3320

WHO KILLED SEARS QUESTION SPARKS BITTER BLAME GAME AMONG TOP PLAYERS


Sears Canada finally bit the dust when it rejected Stranzl's bid to buy the retailer and keep it open... READ MORE

11th February, 2018 2339

78 SEARS, KMART STORES TO CLOSE; SEE THE LIST


Sears' SHLD move see the list of the stores comes atop a previous announcement that it will close 50 other stores... READ MORE

22nd April, 2016 2333

'I'M DEVASTATED': SEARS HOMETOWN STORE OWNERS SAY THEY'RE BEING FORCED OUT WITH NO COMPENSATION


I'm devastated, says Russell, who has run his appliance store in partnership with Sears for 3.5 years... READ MORE

3rd August, 2017 1783

'MY HEART IS BROKEN': YOUTH THEATRE FESTIVAL FIGHTS FOR SURVIVAL AFTER SEARS CANADA PULLS FUNDING


Twitter sophiaharrisCBC Cash-strapped Sears Canada has pulled funding for an annual theatre festival that involves thousands of high school students in Ontario, B.C... READ MORE

29th August, 2017 1697

SEARS CANADA, FORMER EMPLOYEES REACH COMPROMISE ON BENEFITS, PENSION PAYMENTS


A monitor's report filed Thursday morning was prepared for a hearing in Toronto at the Ontario Superior Court, which granted Sears Canada temporary protection from creditors three weeks ago... READ MORE

13th July, 2017 1295

EQUAL PAY IS STILL FAR-OFF FOR BRITAIN, WHERE THE GENDER GAP NARROWS AT A GLACIAL PACE


There has been much debate about how much Green has offered the regulator to support the BHS pension scheme, which has a deficit of ?571m... READ MORE

6th November, 2016 758

RETIREES STARVE IN REBEL-HELD EASTERN UKRAINE


In one month, they reported more than 100 starvation deaths of pensioners in Donetsk, he said... READ MORE

26th December, 2014 499

CARMARTHENSHIRE COUNCIL PAYMENTS ROW BOSS MARK JAMES TO STAY


Instead the pair were given cash supplements in lieu of pension contributions... READ MORE

4th February, 2015 400

SEARS SAYS KMART STORES HIT BY DATA BREACH


Critics say Lampert has been investing too little in the Sears and Kmart stores, contributing to nine straight quarterly losses... READ MORE

11th October, 2014 264

'THEY'VE TAKEN MY MONEY, THEY'RE NOT GOING TO TAKE MY LIFE'


Joan McLoughlin, who is from Naas in Co Kildare, has said she is losing out on EUR80 per week and receives a pension of EUR155 weekly... READ MORE

18th January, 2018 232

CHRISTMAS BONUS SOCIAL WELFARE PAYMENTS EXPECTED FOR 1.23M HOUSEHOLDS


I am particularly pleased to partially restore the payment this year to all long-term welfare recipients, said Tanaiste and Social Protection Minister, Joan Burton... READ MORE

1st December, 2014 164

AVIVA AGREES TO TERMS OF $8.8 BILLION FRIENDS TAKEOVER


Analysts said the cost savings from the Aviva Friends Life combination were higher than expected but would take several years to be achieved... READ MORE

2nd December, 2014 120

S&P, CALPERS SETTLE SUIT OVER MORTGAGE DEALS FOR $125 MILLION


The California Public Employees Retirement System, or Calpers, the largest pension fund in the United States, brought the lawsuit against S P in 2009... READ MORE

3rd February, 2015 53

AVIVA IN $8.8 BILLION DEAL TO BUY FRIENDS LIFE AFTER PENSIONS SHAKE-UP


More than double Aviva's corporate pension assets under administration and create new opportunities, the statement said... READ MORE

22nd November, 2014 47


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