Mall of America wins battle against Sears' cheap lease.

The US Supreme Court has ruled that the Mall of America can challenge a cheap lease it made decades ago with Sears Holdings Corp, which was subsequently sold to a new owner during the department store chain's bankruptcy. The ruling means that MOAC Mall Holdings can proceed with its challenge to the lease in a lower court as it seeks the ability to charge more to rent the space that Sears had occupied. The lease provided Sears with a three-story, 120,000-square foot location at the mall for a rent of just $10 a year.