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Arden, TPG Dodge Class Action Over $394M Gelson's Buy

By Kurt Orzeck (January 16, 2015, 5:18 PM EST) -- A California state judge has axed a consolidated shareholder class action alleging TPG Capital LP's $394 million purchase of Delaware corporation Arden Group Inc.'s luxury supermarket chain Gelson's stiffed shareholders to enrich Arden's board, ruling the transaction appeared to be entitled to safe harbor protection under Delaware state law....

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