May 6, 2020 / 10:54 PM / a month ago

Goldman defeats United Natural Foods' fraud lawsuit over $2.9 bln merger

Goldman Sachs Group Inc won the dismissal of a lawsuit in which United Natural Foods Inc accused it of wrongly putting its own interests first while representing the food distributor on a $2.9 billion merger.

In a decision made public on Wednesday, a New York state judge in Manhattan dismissed claims that Goldman said wrongly extracted more than $230 million from United Natural Foods while advising on its 2018 acquisition of grocery chain Supervalu Inc.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2WwVhcy

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