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Mervyn’s is suing former owner Target and the private-equity firms the retailer sold the chain to for more than $1 billion. Mervyn’s management claims that the complicated deal gave those firms its owned real estate, which was then sold and leased back to the retailer at higher rates, forcing bankruptcy.We can understand that the higher lease rates would impact the chain, but at the same time, when we last discussed Mervyn’s, many of you said that the chain was having problems for years anyway.And can it really blame Target for selling to the highest bidders? Some people think not.

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