Ex-CEO, Investment Firm Escape A&P Shareholder Suit

Law360, New York (May 1, 2013, 8:43 PM EDT) -- A New Jersey federal judge on Tuesday trimmed claims against a CEO and a private equity firm from a shareholders securities class action alleging top executives of bankrupt grocery store chain The Great Atlantic & Pacific Tea Co. Inc. failed to disclose A&P's financial woes.

U.S. District Judge William J. Martini released former A&P CEO Ronald Marshall, as well as Los Angeles-based private equity firm Yucaipa Cos. LLC and its founder and Chairman Ronald Burkle, which were major investors in A&P, from the proposed class action for...
To view the full article, register now.