Ahold settles U.S. Foodservice suit for $297M

Ahold on Wednesday said it had agreed to settle a class action lawsuit related to its former U.S. Foodservice division for $297 million.

The Amsterdam-based company said it had indemnified U.S. Foodservice against damages arising out of this class action as part the terms of its sale of U.S. Foodservice to private equity investors in 2007. The division was one of several that Ahold divested in the wake of a larger 2004 a

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