Todd A. Feinsmith, a partner and co-chair of Pepper Hamilton’s Corporate Restructuring and Bankruptcy Practice Group, was quoted in the January 10, 2019 Reuters article, "Sears Chairman Confirms New $5 Billion Bid to Save Bankrupt Retailer."
"He has increased his bid substantially, but it's hard to know how much more cash is in the mix," said Todd Feinsmith, co-chairman of law firm Pepper Hamilton LLP's bankruptcy practice. "I think it indicates he's very serious."
Determining if Lampert will prevail in buying the company without seeing any other bids that may come in for Sears, Feinsmith added, is hard to do. At the auction on Jan. 14, his offer will be compared with how much Sears would bring if sold off in pieces.