Ex-CEO, Investment Firm Escape A&P Shareholder Suit

Law360, New York (May 1, 2013, 8:43 PM EDT) -- A New Jersey federal judge on Tuesday trimmed claims against a CEO and a private equity firm from a shareholders securities class action alleging top executives of bankrupt grocery store chain The Great Atlantic & Pacific Tea Co. Inc. failed to disclose A&P's financial woes.

U.S. District Judge William J. Martini released former A&P CEO Ronald Marshall, as well as Los Angeles-based private equity firm Yucaipa Cos. LLC and its founder and Chairman Ronald Burkle, which were major investors in A&P, from the proposed class action for...
To view the full article, register now.

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.