Sears, Roebuck and Co. admitted last week that it was on the wrong side of the law, having illegally collected as much as $412 million from consumers whose debts had been erased in bankruptcy court.

The big retailer has agreed to reimburse all principal payments in addition to finance charges and accrued interest. The cases date to 1992.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.