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Biz ‘Bite:’ Washington extends Albertsons’ restraining order to Nov. 17
Catie Clark//November 11, 2022
Biz ‘Bite:’ Washington extends Albertsons’ restraining order to Nov. 17
Catie Clark//November 11, 2022
Judge Ken Schubert of the King County Superior Court in Washington state granted the motion filed by Robert Ferguson, the Washington Attorney General (AG), to use of live testimony in a Nov. 17 hearing for a preliminary injunction to prevent the payment of the proposed $4 billion special dividend to Albertsons’ stockholders. The news was posted by the Washington AG’s office on Twitter shortly after 6 p.m. Pacific Time. The hearing was scheduled for 3 p.m. Pacific Time.
The Washington AG filed for a preliminary injunction on Nov. 1. The AG’s office was granted a temporary restraining order on Nov. 3 against Albertsons until Nov. 10, the date for the first court action on the preliminary injunction.
The action in court implies that Albertsons’ legal actions in Washington state did not resolve in the firm’s favor, as its lawyers hoped — a sentiment reflected in the statements of the firm’s attorneys in a parallel preliminary injunction case filed in the U.S. District Court in the District of Columbia.
The granting of the live testimony motion extends the temporary restraining order against the payment of the Albertsons special dividend until Nov. 17.
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