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Fairway Board, PE Backers Look To Ax Derivative Suit

By Linda Chiem (October 2, 2014, 3:37 PM EDT) -- Private equity-backed grocery chain Fairway Group Holdings Corp.'s top brass has asked a New York state judge to nix a shareholder derivative suit alleging they mismanaged Fairway and masked the company's dismal earnings potential following Fairway's IPO last year, saying the plaintiffs lack standing to sue....

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