ID NEWS: Many Ahold pretrial suit proceedings centralized in Maryland

A national judicial panel has centralized pretrial proceedings for more than 20 shareholder and employee suits against Netherlands-based Ahold in the District of Maryland, the Baltimore Business Journal has reported.

The move to aggregate many pretrial proceedings near the home base of Ahold's U.S. Foodservice subsidiary, which headquarters in Columbia, MD, should "make the legal morass move faster," according to a Richard Booth, a University of Maryland School of Law professor quoted by the publication. However, "fast" is a relative term, according to Booth. Complex accounting suits can take years of "legal wrangling."
The centralized proceedings have been assigned to U.S. District Judge Catherine C. Blake. Cases pending in Maryland include a lawsuit by he City of Philadelphia's board of pensions and retirement, which claims a loss of more than $2 million on Ahold investments, according to this report.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners