Giant Eagle to assist tech company reorganize

A technology company owned in part by Giant Eagle has emerged from Chapter 11 bankruptcy protection behind a reorganization plan backed by the retailer.

Giant Eagle’s investment in Seegrid Corp. had been the subject of several lawsuits from Seegrid’s former CEO, Anthony Horbal. In approving the reorganization, a Delaware bankruptcy court judge rejected all objections by Horbal and found that Seegrid’s directors, including Giant Eagle’s appointees, had acted in good faith.

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