American Greetings' Founders Pooh-Pooh Suit Over $878M Bid

Law360, New York (July 9, 2013, 8:31 PM EDT) -- The founding family of American Greetings Corp. on Monday told a federal judge that a proposed class action suit over the card and gift company’s $878 million go-private deal should be tossed, arguing that the suit is nothing more than a dissatisfied shareholder trying to disrupt the process. 

Investor R. David Wolfe’s lawsuit says the proposed merger gives members of the Weiss family an unfair opportunity to snatch away the 50 percent stake they didn’t already own from shortchanged minority shareholders. But Monday’s motion to dismiss...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Wolfe v. Weiss et al


Case Number

1:13-cv-00859

Court

Ohio Northern

Nature of Suit

Stockholders Suits

Judge

Sara Lioi

Date Filed

April 17, 2013

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.