Members of Fleet Farm’s founding family sued
The lawsuit also targets three Fleet Farm board members appointed by KKR. It accuses them of secretly creating an intermediate holding company, controlled by the asset manager, in a scheme to leapfrog the senior distribution preferences held by the former owners.
The Delaware court fight stems from the general store-style retailer’s sale in 2016 to the pioneering buyout firm. KKR perennially faces ...
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