A federal bankruptcy court said it would approve Sears’ plan to close 142 stores and conduct GOB sales as part of its restructuring, but the broader issue of liquidity remains in doubt because Eddie Lampert, the chairman and former CEO, is insisting that his ESL Investments hedge fund be given the same priority on repayment of a $300 million DIP loan as the $300 million DIP facility already committed by Wells ... Log in to view full article.