September 22, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Sears Holdings Corp (NASDAQ:SHLD) shares over potential securities laws violations by Sears Holdings and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sears Holdings Corp (NASDAQ:SHLD) concerning whether a series of statements by Sears Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Sears Holdings Corp reported that its Total Revenue declined from over $39.85 billion for the 52 weeks period that ended on February 2, 2013 to over $36.18 billion for the 52 weeks period that ended on February 1, 2014 and that its respective Net Loss increased from $930 million to over $1.36 billion. Shares of Sears Holdings Corp (NASDAQ:SHLD) declined from as high as $8.55 per share in March 2012 to as low as $32.62 per share in April 2014.

On September 15, 2014, Sears Holdings Corp, through Sears, Roebuck and Co., Sears Development Co., and Kmart Corporation (Borrowers), entities wholly-owned and controlled, directly or indirectly by Sears Holdings Corp, entered into a $400 million secured short-term loan (the Loan) with JPP II, LLC and JPP, LLC (together, the Lender), entities affiliated with ESL Investments, Inc. (Investments). Mr. Edward S. Lampert, Sears Holdings Corps Chief Executive Officer and Chairman, is the sole stockholder, chief executive officer and director of Investments.

Shares of Sears Holdings Corp (NASDAQ:SHLD) declined from $35.21 per share on September 11, 2014, to as low as $27.91 per share on September 18, 2014.