BIRMINGHAM, Ala. — A 10-year-old lawsuit by bondholders of the now-defunct Bruno's Supermarkets here against Citigroup has been settled, according to local press reports. Terms of the settlement were not disclosed. The suit was filed in 1999 after Bruno's defaulted on $400 million in bonds sold to investors to finance the 1995 purchase of the chain by Kohlberg Kravis & Roberts, the New York-based investment firm. Citigroup served as a financial adviser to Bruno's at the time. Bruno's ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.