In re Dollar General Corporation Shareholder Litigation
|Court:||Sixth Circuit Court for Davidson County, Tennessee; Twentieth Judicial District, Nashville|
|Judge:||Hon. Thomas Brothers|
|Case Contacts:||Mark Lebovitch, Katherine M. Sinderson|
Dollar General Corporation (“Dollar General” or the “Company”) is a Nashville, Tennessee corporation that operates retail stores selling discounted household goods. In early March, 2007, Dollar General announced that its board of directors had approved the acquisition of the Company by the private equity firm Kohlberg Kravis Roberts & Co. (“KKR”). On March 13, 2007, BLB&G filed a class action complaint against the directors of the Company for breaches of fiduciary duty related to the proposed acquisition and against KKR for aiding and abetting those breaches. The complaint alleges that the “going private” offer was approved as a result of breaches of fiduciary duty by the board and that the price offered by KKR did not reflect the fair value of Dollar General’s publicly-held shares.
The Court appointed BLB&G Co-Lead Counsel and City of Miami General Employees’ & Sanitation Employees’ Retirement Trust as Co-Lead Plaintiff. The Court has granted final approval of a $40 million settlement (with a potential for $17 million more for the Class).
Other Cases of Interest
Northern District of California John Rizio-Hamilton, Mark Lebovitch, Jonathan D. Uslaner, Abe Alexander, Nicholas Gersh
Kraft Heinz Company
Northern District of Illinois Salvatore J. Graziano, Katherine M. Sinderson, Abe Alexander, Nicholas Gersh, Kyle Panton
Merck & Co., Inc. (Vioxx-Related)
District of New Jersey Salvatore J. Graziano, Katherine M. Sinderson, David Wales, Adam H. Wierzbowski, Abe Alexander, Catherine E. van Kampen
Salix Pharmaceuticals, Ltd.
Southern District of New York Salvatore J. Graziano, John Rizio-Hamilton, Katherine M. Sinderson, Michael D. Blatchley, Adam Hollander, Alex Dickin, Catherine E. van Kampen
District of Delaware Katherine M. Sinderson, Hannah Ross, Lauren McMillen Ormsbee, Richard D. Gluck, Catherine E. van Kampen, Jesse L. Jensen, Alex Dickin
Spectrum Brands Holdings, Inc.
Western District of Wisconsin Avi Josefson, Katherine M. Sinderson, Jai K. Chandrasekhar, Matthew Traylor, Catherine E. van Kampen
Southern District of New York Salvatore J. Graziano, Mark Lebovitch, Michael D. Blatchley, Jai K. Chandrasekhar, R. Ryan Dykhouse
Columbia Pipeline Group, Inc.
Delaware Chancery Court Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, Alla Zayenchik
Delaware Court of Chancery Mark Lebovitch, Gregory V. Varallo, Thomas James
Northern District of Illinois Eastern Division John C. Browne, Gerald H. Silk, Adam Hollander, Abe Alexander, Scott R. Foglietta, James M. Fee, Katherine M. Sinderson, Reiko Cyr