The Yucaipa Companies LLC
Delaware Court Of Chancery Dismisses Post-Merger Fiduciary Duty Claims Against Alleged Controller
On October 24, 2017, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery granted a motion to dismiss a putative class action by former stockholders of Morgans Hotel Group Co. (“Morgans”), challenging its $794 million merger with an affiliate of SBEEG Holdings LLC. In re Morgans Hotel Group Co. Stockholder Litig., C.A. No. 12433 (Del. Ch. Oct. 24, 2017). Plaintiffs asserted claims
... stockholder, Ron Burkle, and his affiliated entities, The Yucaipa Companies LLC and affiliates (collectively, “Yucaipa”). Plaintiffs ...
Isodiol International Inc. & Brew Hub, LLC Announce Agreement for the Development of Hemp Beer and Related Functional Beverages.
..., hemp-derived, and cannabis-derived beverages in what the companies believe is among the most significant alternative beverage deals in the ...Brew Hub is majority owned by The Yucaipa Companies, LLC ("Yucaipa"), which is an American private equity firm ...
Fresh & Easy Files for Bankruptcy in Delaware Seeking to Sell Substantially All Assets
Introduction On Monday, Fresh & Easy Neighborhood Market (“Fresh & Easy”) filed chapter 11 petitions for bankruptcy in the United States Bankruptcy for the District of Delaware. Fresh & Easy is a grocery chain with stores in California, Nevada and Arizona. See Fresh & Easy’s Declaration in Support of First Day Motions and Applications (the...
... narrowed the list down to one buyer – an affiliate of The Yucaipa Companies, LLC (“Yucaipa”). After further negotiations with Yucaipa, ...