Judge OKs settlement of A&P class action

A judge has granted preliminary approval to a $9 million settlement of a class action lawsuit filed against certain former executives of A&P by pension funds alleging that the retailer failed to adequately disclose its financial condition prior to its 2010 bankruptcy.

The order, filed this week in U.S. District Court in Newark, N.J., approves terms of a settlement reached in May between plaintiffs led by City of New Haven Employees' Retirement System and Plumbers and Pipefitte

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