Bankruptcy court approves Haggen’s settlement with Albertsons

The U.S. court approved Haggen’s $5.75 million lawsuit against Albertsons on Tuesday.

Share this article!

That’s considerably less than the amount Haggen had originally sought – over $1 billion – when it filed the suit in September. In the lawsuit, Haggen accused Albertsons of sabotage after Haggen acquired dozens of Albertsons stores as a result of an FTC-mandated sale.

Albertsons announced the settlement in late January, and said while it believes Haggen’s claims lack merit, the settlement enables it to avoid expensive litigation.

(READ MORE: Oregon Live)

Haggen saw massive closures earlier last year, which it claims was due to misleading acquisiton.

Published in Categories News