Icon Health & Fitness Sued by Sears
The bankrupt Sears and Kmart debtors are suing Icon to recover $7,350,254.05 paid to the exercise equipment company by Sears and $338,736.84 paid by Kmart, when both companies were insolvent. Because the payments were made within the 90 day avoidance period of the bankruptcy filing, ... Log in to view full article.
