The Law Office of Robbins Arroyo LLP Announces That It Has Filed a Class Action Lawsuit Against The Fresh Market, Inc. (TFM)
14 April 2016 - 5:36AM
Business Wire
Shareholder rights law firm Robbins Arroyo LLP announces that it
filed a class action lawsuit on April 8, 2016, in the U.S. District
Court for the District of Delaware (the "Court") on behalf of the
shareholders of The Fresh Market, Inc. ("Fresh Market") (NASDAQ:
TFM) against its Board of Directors, Pomegranate Holdings, Inc.,
Pomegranate Merger Sub, Inc., Apollo Global Management, LLC, and
Apollo Management VIII, L.P., among others, for violations of
sections 14(d)(7) and (e) of the Securities Exchange Act of 1934
(the "Exchange Act") and U.S. Securities and Exchange Commission
("SEC") Rule 14d-10 promulgated thereunder.
Fresh Market Is Accused of Granting Differential
Consideration to Defendants and Disseminating a False and
Misleading Proxy Statement
The action arises out of a March 14, 2016 press release
announcing that Fresh Market had entered into a definitive merger
agreement with an affiliate of Apollo Global Management, LLC,
whereby certain funds managed by Apollo Global Management, LLC will
acquire Fresh Market for approximately $1.36 billion (the "Proposed
Acquisition"). The complaint seeks injunctive relief on behalf of
the named plaintiff and all other similarly situated Fresh Market
shareholders (the "Class"). The named plaintiff is represented by
Robbins Arroyo LLP.
The complaint alleges that the Proposed Acquisition is unfair to
the vast majority of Fresh Market shareholders because certain
defendants are expected to receive differential consideration in
violation of section 14(d)(7) of the Exchange Act. The complaint
further alleges that defendants violated section 14(e) of the
Exchange Act in connection with the Solicitation/Recommendation
Statement on Schedule 14D-9 filed with the SEC.
If you purchased or otherwise acquired Fresh Market stock on, or
prior to, the March 14, 2016 announcement of the Proposed
Acquisition, and wish to serve as lead plaintiff, you must move the
Court no later than sixty days from April 13, 2016. If you wish to
discuss this action or have any questions concerning this notice or
your rights or interests, please contact attorney Darnell R.
Donahue of Robbins Arroyo LLP at 800-350-6003, via the shareholder
information form on our website, or by e-mail at
info@robbinsarroyo.com. Any member of the Class may move the Court
to serve as lead plaintiff through counsel of their choice, or may
choose to do nothing and remain an absent Class member.
Robbins Arroyo LLP, a nationally recognized leader in the area
of shareholder rights litigation, represents individual and
institutional investors in securities class action lawsuits and
shareholder derivative actions. Robbins Arroyo LLP has helped its
clients realize more than $1 billion of value for themselves and
the companies in which they have invested. Past results do not
guarantee similar outcomes. For more information about the firm,
please go to http://www.robbinsarroyo.com.
Press release link:
www.robbinsarroyo.com/shareholders-rights-blog/the-fresh-market-inc
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version on businesswire.com: http://www.businesswire.com/news/home/20160413006528/en/
Robbins Arroyo LLPDarnell R. Donahue619-525-3990 or Toll-Free
800-350-6003ddonahue@robbinsarroyo.comwww.robbinsarroyo.com
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