Advertisement

A Delaware court has ordered parties that...

A Delaware court has ordered parties that attempted to gain control of Stater Bros. in 1986 to reimburse the grocery chain’s biggest investor for more than $547,000 it paid in legal fees to avert the takeover. La Cadena Investments, half owner of the Colton-based supermarket company, is to receive $574,445 plus interest and other costs from members of the Garrett family. Bernard R. Garrett, whose supporters for a time controlled the Stater Bros. board, and his family attempted to gain control in a bitter proxy battle but lost out to a coalition including the company’s ousted president, Jack H. Brown. Brown, who later regained the top post, said Stater also settled a lawsuit against a former Garrett director that will involve a “substantial monetary payment” to Stater.

Advertisement