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Sears Stockholder Litigation

1-877-388-1772

This official website is maintained by the Settlement Administrator under the supervision of Lead Counsel for the members of the Settlement Class in the Action entitled, In re Sears Hometown and Outlet Stores, Inc. Stockholders Litigation, C.A. No. 2019-0798-JTL (the “Action”), which is pending in the Court of Chancery of the State of Delaware
IMPORTANT:

Distribution of the Settlement with defendants Edward S. Lampert, ESL Investments, Inc., ESL Partners, LP, RBS Partners, LP, Transform Holdco LLC, and Hometown Midco LLC has been approved.

In re Sears Hometown and Outlet Stores, Inc. Stockholders Litigation

If you were a public common stockholder of Sears Hometown and Outlet Stores, Inc. (“SHOS”) on October 23, 2019, or an heir, assign, transferee, or successor-in-interest of such a stockholder, your rights may be affected by the above-captioned stockholder class action.

The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees and Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.

Please be advised that your rights will be affected by the above-captioned stockholder class action (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a public common stockholder of Sears Hometown and Outlet Stores, Inc. (“SHOS”) on October 23, 2019, whose shares were converted in connection with the October 23, 2019, Merger into the right to receive the $3.21 per share Merger Consideration, or an heir, assign, transferee, or successor-in-interest of such a stockholder.

Please also be advised that lead plaintiffs Whitebark Value Partners LP and Keith Edquist (“Lead Plaintiffs”), on behalf of themselves and the Class and settling defendants Josephine Linden, Alberto Franco, and John E. Tober has settled the Litigation for $3,100,000 in cash.

Lead plaintiffs and defendants Edward S. Lampert, ESL Investments, Inc., ESL Partners, LP, RBS Partners, LP, Transform Holdco LLC, and Hometown Midco LLC (the "Defendants") have reached a settlement for $9,373,500 in cash.

CLASS MEMBERS’ LEGAL RIGHTS IN THE SETTLEMENT:
Description Due Date

RECEIVE A PAYMENT FROM THE SETTLEMENT. CLASS MEMBERS DO NOT NEED TO SUBMIT A CLAIM FORM.

If you are a member of the Class (a “Class Member”), you may be eligible to receive a proportional distribution from the Settlement proceeds. Eligible Class Members do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court. Your distribution from the Settlement will be paid to you directly.
Please read the Notice carefully.  If you have questions, you may call the Sears Stockholder Litigation Helpline at (877) 388-1772 or email info@searsstockholdersettlement.com.