Investors Get $17M To End Suit Over $446M Nutraceutical Buy

Law360 (April 16, 2021, 10:50 PM EDT) -- Former Nutraceutical International Corp. directors and the private equity firm that acquired the business for $446 million in 2017 have agreed to pay $17.5 million to end a proposed Delaware Chancery Court investor class action alleging that the take-private deal was unfair and tainted by conflicts of interest.

The parties filed the details proposed agreement with the court Friday, noting that it was reached in March after arm's-length negotiations that started in February. Under the agreement, the defendants deny all allegations of wrong-doing.

"Based upon their investigation and prosecution of the action, plaintiff and plaintiff's counsel have concluded that the terms...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!