Screenshot of Post Holdings’ website.
The Delaware Court of Chancery on Monday ordered Post Holdings Inc. and its Delaware subsidiary to turn over nearly $1 million in funds stemming from the food suppliers' $93.5 million deal to buy National Pasteurized Eggs Inc. in 2016.
October 29, 2018 at 06:27 PM
1 minute read
The Delaware Court of Chancery on Monday ordered Post Holdings Inc. and its Delaware subsidiary to turn over nearly $1 million in funds stemming from the food suppliers’ $93.5 million deal to buy National Pasteurized Eggs Inc. in 2016.
The ruling, from Chancellor Andre G. Bouchard, came in Post’s October 2017 lawsuit, seeking to recover a $7.5 million contractual indemnification payment from escrow based on alleged misrepresentations NPE had made to Post during deal talks.
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