BJ's Says Investor Claims Over $3B Buyout Fall Short

Law360, Wilmington (October 4, 2012, 9:41 PM EDT) -- BJ's Wholesale Club Inc. asked a Delaware judge on Thursday to toss a shareholder class action over private equity firm Leonard Green & Partners LP's $2.8 billion buyout of the discount retailer, arguing the plaintiffs had failed to show BJ's board acted in bad faith in securing the deal.

The consolidated suit initially sought to enjoin the deal, which went through in September 2011, but a second amended complaint filed in April 2012 removed that request and focused instead on the board's alleged breach of fiduciary...
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