logo
Plus   Neg
Share
Email

UNFI Sues Goldman Sachs For Breaching Agreements Related To SUPERVALU Deal

United Natural Foods, Inc. (UNFI) filed a lawsuit against Goldman Sachs to recover damages from its alleged improper conduct during the period in which it advised UNFI on the acquisition of SUPERVALU. UNFI stated that it entrusted Goldman Sachs to provide a full range of transaction advisory services and to arrange a multi-billion-dollar loan, or the Term Loan, for the acquisition of SUPERVALU. The company said Goldman Sachs consolidated its command over all aspects of the transaction in order to extract millions in unjustifiable interest, fees, and other damages suffered by UNFI and its shareholders.

Named defendants in UNFI's complaint include Goldman Sachs and its principal executive overseeing the SUPERVALU transaction engagement, as well as Bank of America, and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
European Union has ordered Broadcom (AVG) to stop applying certain exclusivity agreements with six of its main customers. According to European Union, this will prevent serious and irreparable harm to competition likely to be caused by Broadcom's conduct. In June, the European Commission opened... Amazon.com Inc. (AMZN) announced that it will live stream behind the scenes of its Robotics Fulfillment Center to for students pursuing STEM and Computer Science education. Amazon said on Thursday, October 17 at 7:00 p.m. ET / 4:00 p.m. PT, teachers and students can go online to Twitch to watch and... Walmart has rolled back prices on more than 200 additional toys in stores and online as it braces for the upcoming holiday season. The retail giant is now offering more than 400 toys at a special price, thanks to its already existing rollbacks on toys. In August, Walmart unveiled its list of top-rated toys for 2019 that were selected by kids.
RELATED NEWS
Follow RTT
>