ESL Partners LP, the hedge fund run by Sears Canada Inc. (TSX:SCC) Chief Executive and main shareholder Eddie Lampert, said it and Fairholme Capital Management LLC have terminated their joint hiring of Canadian legal counsel regarding a potential negotiated deal with Sears Canada Inc, which is currently restructuring in bankruptcy. ESL is still reviewing Sears Canada and its operations and may consider potential transactions, the hedge fund said in a statement. "ESL is also evaluating and considering a potential sale of some or all of its common shares of Sears Canada.