The issues facing Edward Lampert’s new Sears are piling up as the old Sears demands more cash it says it is owed from last month’s sale of the retailer’s assets at a bankruptcy auction, WSJ Pro Bankruptcy reported. Sears Holdings Corp., the company left behind in bankruptcy after Lampert’s purchase of Sears stores and other assets, is asking a bankruptcy judge to force the new company to pay $57.5 million, according to court papers filed on Monday. The amount at issue includes credit card and cash proceeds from sales made at stores after the closing of the sale to Lampert, as well as remaining cash in bank accounts and a portion of February rent paid, court papers show. Following a three-day sale hearing, Lampert’s ESL Investments won court approval to buy 425 Sears and Kmart stores for $5.2 billion. On Feb. 11 ESL announced the acquisition was completed.
