Dean & DeLuca brings avoidance claim against former Japanese JV partner
Dean & DeLuca café in Bangkok, Thailand (Credit: Shutterstock.com/TerenceTohChinEng)
A Delaware-registered arm of bankrupt Thai-owned upmarket grocer Dean & DeLuca has filed an adversary claim in New York against its former Japanese joint venture partner and an affiliate, arguing they took advantage of the grocer’s insolvency to buy shares at a steep discount.
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