Shareholder Says $890M Lane Bryant Sale A Lousy Fit

Law360, New York (May 24, 2012, 5:28 PM EDT) -- The parent company of plus-size retailer Lane Bryant was hit with a putative class action in Pennsylvania federal court Wednesday by an investor seeking to derail the proposed $890 million sale of the fashion outfit to the owner of the popular Dress Barn brand.

Charming Shoppes Inc. announced plans on May 1st to merge with industry rival Ascena Retail Group Inc., prompting investor Judith Kaye Nadler to file suit over claims that the board of directors and CEO Michael Goldstein were not acting in the best...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

NADLER v. CHARMING SHOPPES, INC. et al


Case Number

2:12-cv-02838

Court

Pennsylvania Eastern

Nature of Suit

Other Statutes: Securities/Commodities

Judge

HARVEY BARTLE, III

Date Filed

May 23, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.