Sears sues Eddie Lampert

It might seem like Sears was another casualty of the decline of brick-and-mortar, but there appears to be more to it than that, and the company is pointing fingers at their former CEO Eddie Lampert. Sears Holdings Corp. has launched a series of lawsuits against Lampert and a series of former high-profile board numbers, including U.S. Secretary of Treasury Steve Mnuchin. The lawsuit alleges that the former board members stole hundreds of billions of dollars from the company. The news was reported by CNBC.