Class Action Lawsuit Filed Against The Fresh Market Inc.
A class action lawsuit has been filed against The Fresh Market Inc. in connection with its acquisition by Apollo Global Management LLC. The suit alleges the company provided incomplete, false, and misleading information about the transaction, and as a result The Fresh Market shareholders received inadequate consideration for their company shares.
The complaint alleges violations of the Securities Exchange Act of 1934 against The Fresh Market’s board of directors, Pomegranate Holdings Inc., an affiliate of Apollo Global Management LLC, Apollo Management VIII L.P., and Pomegranate Merger Sub Inc.
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