Sears pensioners are taking the retailer to court
CTV Northern Ontario
Published Tuesday, February 13, 2018 1:16PM EST
Sears pensioners are going to court to recoup what they say is close to $300-million missing from their pension fund.
On Thursday, the Ontario Superior Court will be asked to appoint a trustee to review nearly $3-billion paid in dividends to Sears shareholders.
The dividend payments came from the sale of Sears Canada assets, like prime real estate.
The iconic retailer shut down its remaining stores last month and roughly 15,000 employees were laid off.