Judge OKs $89M Del Monte, Barclays Investor Settlement

Law360, Wilmington (December 1, 2011, 6:42 PM EST) -- A Delaware judge on Thursday approved an $89.4 million settlement in a suit brought by a class of Del Monte Foods Co. shareholders who challenged Barclays Capital Inc.’s dual role in a private equity buyout of the company, overruling an objection from a plaintiff in an antitrust suit over the deal.

Vice Chancellor J. Travis Laster gave his blessing to the settlement — which caps off a case that dramatically altered the corporate buyout market — at a hearing in Delaware Chancery Court

The investors challenged...
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