Dollar General to Settle Buyout Case for $34.5M

Dollar General has reached an agreement to settle a lawsuit brought by shareholders over the retailer’s acquisition by a private investment firm.

GOODLETTSVILLE, Tenn. — Dollar General has reached an agreement to settle a lawsuit brought by shareholders over the retailer’s acquisition by a private investment firm.

A charge of $34.5 million related to the settlement led to a net loss of $7.3 million for the third quarter, which ended Oct. 31, despite robust sales and higher gross profit margins, Dollar General said Wednesday. The lawsuit charged that the company “rushed” into a deal with an affiliate of Kohlberg Kravis Ro

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