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Wolfe v. Weiss et al
Case Number:
1:13-cv-00859
Court:
Nature of Suit:
Multi Party Litigation:
Class Action, Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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July 09, 2013
American Greetings' Founders Pooh-Pooh Suit Over $878M Bid
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.
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April 17, 2013
American Greetings Board Bias Aided $878M Bid, Suit Says
An American Greetings Corp. shareholder took aim at the card and gift company's founding family Wednesday, saying in a proposed class action that they were too close to a purportedly independent board that approved the terms of their lowballed $878 million go-private bid.