American Greetings' Founders Pooh-Pooh Suit Over $878M Bid

Law360, New York (July 9, 2013, 8:31 PM EDT) -- The founding family of American Greetings Corp. on Monday told a federal judge that a proposed class action suit over the card and gift company’s $878 million go-private deal should be tossed, arguing that the suit is nothing more than a dissatisfied shareholder trying to disrupt the process. 

Investor R. David Wolfe’s lawsuit says the proposed merger gives members of the Weiss family an unfair opportunity to snatch away the 50 percent stake they didn’t already own from shortchanged minority shareholders. But Monday’s motion to dismiss...
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