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Court Denies Application for Leave to Appeal by Sears Holdings Corporation
For Immediate Release OSC Before the Court
TORONTO – The Court of Appeal for Ontario today denied the application made by Sears Holdings Corporation and SHLD Acquisition Corp. (together Sears Holdings) seeking leave to appeal the earlier decision of the Superior Court of Justice ( Divisional Court ). On September 19, 2006 the Divisional Court dismissed the appeal of Sears Holdings in respect of an Ontario Securities Commission (OSC) decision.
On August 8, 2006 , the OSC issued an Order, as well as its Reasons and Decision with respect to Sears Holdings following a hearing held on July 4, 5, and 6, 2006. The Order and the Reasons and Decision are available on the OSC website at www.osc.ca.
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