Ex-Bolthouse Workers Sue For Piece Of $1.5B Campbell Deal

Law360, Wilmington (December 18, 2012, 8:33 PM ET) -- Wm. Bolthouse Farms Inc. and its former private equity managers cheated three employees out of their interests in the food company two years before it was sold to Campbell Soup Co. for $1.5 billion, according to a lawsuit filed in Delaware state court on Tuesday.

The three former employees — Phillip Stewart, Vincent Priest and Timothy McCorkle — claim Bolthouse Farms breached underlying contracts by canceling their Class B membership units in the company after they resigned in 2010. The company claimed the interests had no...
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