Sued A&P execs near deal
By Joan Verdon, The Record (Hackensack, N.J.) | |
McClatchy-Tribune Information Services |
The lawsuit was filed in 2011 against
U.S. Magistrate Judge
Shareholders will be notified of the settlement and have until
An agreement including the
The suit was brought on behalf of A&P shareholders who purchased the company's stock between
When the class-action suit was filed, legal experts said the plaintiffs and their attorneys most likely were going after insurance policies that covered lawsuits and claims against A&P executives. Meanwhile, A&P issued a statement saying that although it was not named as a defendant, it believed the suit was without merit.
A&P did not respond to a request for comment Monday. Attorneys for the plaintiffs also did not respond.
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