Feb. 7 (UPI) -- A federal bankruptcy court judge approved the sale of most of Sears' assets to a hedge fund controlled by its chairman, Eddie Lampert, on Thursday.
U.S. Bankruptcy Court Judge Robert Drain approved the sale of Sears Holdings to Lampert's ESL Investments hedge fund for $5.2 billion to keep 425 stores open and preserve the jobs of 45,000 employees.