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A one-year prison term, the U.S. Attorney’s Office argued, “would diminish respect for the law and undermine general deterrence.”
The discount shoe chain said it has as much as $1 billion in assets and up to $10 billion in liabilities, along with more than 100,000 creditors.
The shoe giant could close up to 500 stores.
Sears Holding Corp. has lost more than $5 billion over the last three years.
The Energy Improvement Corp., a nonprofit composed of mostly Westchester municipalities, provides low-cost financing to property owners looking to save on energy costs and be more energy efficient.
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