Sears is suing Lampert and the US Treasury Secretary

The Sears/Eddie Lampert soap opera is getting weirder because Sears is suing Lampert and US Treasury Secretary Steven Mnuchin.

Specifically, Sears Holding Corp’s current management accuse Lampert, Mnuchin, and hedge fund ESL Investments of looting the retail legend, Reuters reports. Moreover, the suit claims Lampert; Sears’ former CEO, is responsible for the company’s “death spiral” into bankruptcy.

The plaintiffs include Sears’ current management and creditors. Not surprisingly, the suit seeks to recover “billions of dollars of value looted from Sears.”

The plaintiffs name Mnuchin because he was an investor and board member at ESL Investments, USA Today reports. To explain, ESL Investments is Lampert’s hedge fund. However, Mnuchin is merely the biggest name among a dozen defendants.

The lawsuit is part of Sears’ ongoing Chapter 11 Bankruptcy case, The Chicago Tribune reports. The United States Bankruptcy Court for the Southern District of New York is hearing the Sears’ case.

Management accuses Lampert and Seritage of looting Sears

Other defendants include; ESL President Kunal Kamlani, and fund manager Bruce R. Berkowitz, and his Fairholme Capital Management. In addition, the plaintiffs are…