- The Los Angeles Times reports this morning that a judge has granted class action status to a lawsuit that dates back more than four years and charges Albertsons with not paying departing employees promptly when the company acquired American Stores.
The original suit was brought by eleven former employees; class action status could mean that as many as 118,000 former employees could be included. The plaintiffs are seeking penalties of one day's pay for each day that their paychecks were delayed, up to 30 days.
- Supervalu announced that it has acquired Total Logistics, Inc., described as “an industry-leading national provider of integrated third-party logistic services,” for a total of about $233 million.
In a prepared statement, Jeff Noddle, Supervalu’s chairman and CEO, said, "We have been looking for the right partner to obtain critical mass and solidify our commitment to third-party logistics and we have found the perfect fit in Total Logistics, Inc. This company has an impressive position in third-party logistics with its proven management team, a blue-chip customer base and a full suite of integrated service solutions. The combination of Supervalu's scale and supply chain competence together with Total Logistics, Inc. and its nationally recognized reputation in third-party logistics will unlock new growth opportunities."
- Ahold announced that it will appeal court rulings that could potentially affect its proposed sale of its Argentine division, Disco S.A., to Cencosud S.A. The Financial Times reports that the court ruling followed “allegations that the deal had been partially completed before the companies had attained antitrust approval and so had infringed competition laws.” There also have been questions raised about Disco’s accounting practices.