Sears

Levie v. Sears Roebuck Co., Case No. 04-CV07643 (N.D. Ill.).

In this securities fraud suit, plaintiff alleges that during the period from September 9, 2004 through the close of trading on November 16, 2004, Sears made material omissions and misrepresentations regarding its acquisition by Kmart, which had the effect of artificially deflating the price of Sears' securities and maintaining their trading level. The case has been certified as a class action and parties are completing discovery.