TORONTO - Hundreds of millions of dollars of dividends doled out to Sears Canada shareholders are coming under scrutiny by the former retailer's court-appointed monitor, according to a new report in the company's insolvency proceedings. The report also highlights the tens of millions of dollars the failed chain, which faces a more than $260-million pension deficit and has laid off roughly 15,000 employees, has paid for legal representation in the ...
01-18-2018, 03:05 AM
Sears Canada dividend payments under review
TORONTO - Hundreds of millions of dollars of dividends doled out to Sears Canada shareholders are coming under scrutiny by the former retailer's court-appointed monitor, according to a new report in the company's insolvency proceedings. The report also highlights the tens of millions of dollars the failed chain, which faces a more than $260-million pension deficit and has laid off roughly 15,000 employees, has paid for legal representation in the ...
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