WILMINGTON, Del. -- A class action lawsuit filed here seeks to halt a plan by the Queens, N.Y. supermarket chain Western Beef to purchase the remaining outstanding shares of its stock and become a private company. The suit, which accuses the principals of Western Beef's holding company and others of conspiring to offer "an inadequate price" for the stock, was filed in Delaware Chancery Court on behalf of shareholder Robert Plumpe on Dec. 3. He claims in the suit that he is acting "as the ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.