A New York appellate court rejected a bid by United Natural Foods Inc to revive its lawsuit accusing Goldman Sachs Group Inc of acting in its own interest when it handled the food wholesaler’s $2.9 billion merger with a grocery chain.
The First Department of the New York Supreme Court’s Appellate Division unanimously upheld a May ruling dismissing the company’s lawsuit claiming Goldman wrongly extracted more than $230 million from United Natural Foods while advising on its 2018 acquisition of Supervalu Inc.
To read the full story on Westlaw Today, click here: bit.ly/35VNs5A
