Grocery

District of Columbia, Washington AGs Sue to Stop Albertsons Payout

District of Columbia, Washington AGs Sue to Stop Albertsons Payout

Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators.