Texas Golf Retailer's Shareholders Sue To Block $96M Sale

Law360, New York (June 28, 2012, 5:46 PM ET) -- Shareholders of Texas golf retailer Golfsmith International Holdings Inc. filed a putative class action against the company and its private equity majority stakeholder in federal court Wednesday, alleging the retailer undersold itself to another private equity firm for $96 million in May.

Filing on behalf of all Golfsmith minority shareholders, named plaintiff Benjamin Fleener accused Golfsmith, its senior management and its majority shareholder, Atlantic Equity Partners III LP, of rushing through the company's sale to an affiliate of OMERS Private Equity Inc. and accepting a deal...
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Case Information

Case Title

Fleener v. Hanaka et al


Case Number

1:12-cv-00563

Court

Texas Western

Nature of Suit

Securities/Commodities

Judge

Sam Sparks

Date Filed

June 27, 2012

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