ShopRite Operator Sues AIG Unit For $50M Sandy Coverage

Law360, New York (October 29, 2013, 8:04 PM ET) -- The retailer-owned cooperative that operates the ShopRite Supermarkets chain filed suit this month in New Jersey state court against an American International Group Inc. subsidiary for allegedly failing to reimburse all of the group's more than $50 million in losses sustained from Superstorm Sandy.

The 48-member cooperative, which includes Wakefern Food Corp. and AJS Supermarkets LLC, filed suit against Lexington Insurance Co. on Oct. 9 seeking declaratory judgment and alleging Lexington is shirking its duty to compensate the stores for spoiled food, property damage, business interruptions,...
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