A class action suit was filed in the District of Delaware on Monday by shareholders of GNC, alleging the health and wellness company’s management conspired with a private equity firm and investment banking advisor to allow GNC to be purchased and refinanced against shareholders’ interests.

The complaint claims Pittsburgh-based GNC used extortion against its own franchisees and product vendors and ultimately initiated a sham bankruptcy, giving GNC’s board members and executives a way to engage in self-dealing.

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