GNC store in Washington, D.C. Photo: Diego M. Radzinschi/ALM GNC Shareholder Files RICO Claims in Delaware Federal Court, Alleging 'Sham' Bankruptcy
The proposed class of GNC shareholders, those who held Class A common stock between February 2018 and June 2020, is represented by New Jersey attorney John Tang, who is also a named plaintiff in the case, owning nearly 8% of GNC's stock.
October 25, 2022 at 03:32 PM
3 minute read
A class action suit was filed in the District of Delaware on Monday by shareholders of GNC, alleging the health and wellness company's management conspired with a private equity firm and investment banking advisor to allow GNC to be purchased and refinanced against shareholders' interests.
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