financetom
Business
financetom
/
Business
/
US states seek legal fees from lawsuit challenging Kroger-Albertsons merger
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US states seek legal fees from lawsuit challenging Kroger-Albertsons merger
Mar 7, 2025 12:37 PM

March 6 (Reuters) - California, Oregon, Illinois and

five other U.S. states have asked a U.S. judge to award them

legal fees for winning an order in federal court blocking

Kroger's ( KR ) now-abandoned $25 billion deal for grocery rival

Albertsons ( ACI ).

The states and the District of Columbia said in a court

filing in Oregon on Wednesday that they are entitled to fees for

their legal work under federal antitrust law. A judge in

December blocked the deal, and Kroger ( KR ) then dropped the merger.

U.S. District Judge Adrienne Nelson will weigh the fee

request. The states did not ask for a specific amount, but the

total could reach millions of dollars.

The dispute could test the scope of a new U.S. Supreme Court

ruling that addresses the payment of fees in some cases to the

prevailing party. The justices' ruling set a higher bar in some

instances for plaintiffs to recover fees.

Kroger ( KR ), Albertsons ( ACI ) and representatives for California,

Oregon and Illinois did not immediately respond to requests for

comment on Thursday.

The states joined the Federal Trade Commission in a lawsuit

filed in federal court in Oregon in February 2024.

The Kroger-Albertsons deal would have marked the largest

supermarket merger in U.S. history.

The companies had defended the deal as beneficial to

consumers and workers. Albertsons ( ACI ) has since sued Kroger ( KR ),

alleging its termination of the deal was a breach of contract.

Kroger ( KR ) has denied the claims by Albertsons ( ACI ).

In their fee bid, the states said they "substantially"

prevailed after winning an order against the merger that

scuttled the deal.

The states urged Nelson not to apply the recent U.S. Supreme

Court ruling to their fee request, saying the justices' decision

applied to civil rights litigation and not antitrust matters.

The case is Federal Trade Commission et al v. The Kroger Co ( KR )

and Albertsons Companies ( ACI ), U.S. District Court for the District

of Oregon, No. 3:24-cv-00347-AN.

Read more:

Albertsons ( ACI ) demands billions from rival Kroger ( KR ) after

terminating merger bid

Kroger's ( KR ) $25-billion deal for grocery rival Albertsons ( ACI )

blocked by US courts

Washington state paying law firm Munger to fight

Kroger-Albertsons merger

Kroger-Albertsons merger fight features antitrust law

veterans, new federal judge

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Littelfuse Q3 Adjusted Earnings, Net Sales Decline; Q4 Outlook Set
Littelfuse Q3 Adjusted Earnings, Net Sales Decline; Q4 Outlook Set
Nov 3, 2024
05:31 PM EDT, 10/29/2024 (MT Newswires) -- Littelfuse ( LFUS ) reported Q3 adjusted earnings late Tuesday of $2.71 per diluted share, down from $2.97 a year earlier. Analysts polled by Capital IQ expected $2.08 per share. Net sales for the quarter ended Sept. 28 were $567.4 million, down from $607.1 million a year earlier. Analysts surveyed by Capital IQ...
Essex Property Trust Q3 Core FFO, Revenue Rise
Essex Property Trust Q3 Core FFO, Revenue Rise
Nov 3, 2024
05:35 PM EDT, 10/29/2024 (MT Newswires) -- Essex Property Trust ( ESS ) reported Q3 core funds from operations of $3.91 per diluted share late Tuesday, up from $3.78 a year earlier. Analysts polled by Capital IQ expected an adjusted FFO of $3.31, if comparable. Revenue in the three months ended Sept. 30 rose to $450.7 million from $419.2 million...
Zurn Elkay Water Q3 Adjusted Earnings, Sales Rise
Zurn Elkay Water Q3 Adjusted Earnings, Sales Rise
Nov 3, 2024
05:35 PM EDT, 10/29/2024 (MT Newswires) -- Zurn Elkay Water Solutions ( ZWS ) reported Q3 adjusted earnings late Tuesday of $0.34 per diluted share, up from $0.29 a year earlier. Analysts polled by Capital IQ expected $0.32. Net sales for the quarter ended Sept. 30 rose to $410 million from $398.4 million a year earlier. Analysts surveyed by Capital...
Republic Services beats quarterly profit estimates helped by higher pricing
Republic Services beats quarterly profit estimates helped by higher pricing
Nov 3, 2024
Oct 29 (Reuters) - Garbage management firm Republic Services ( RSG ) beat quarterly profit estimates on Tuesday, helped by higher prices and steady demand for garbage collection and disposal. The Phoenix, Arizona-based company reported a quarterly adjusted profit of $1.81, comfortably beating analysts' expectation of $1.61 per share, according to data compiled by LSEG. By pricing ahead of cost...
Copyright 2023-2026 - www.financetom.com All Rights Reserved