King County Court in Washington Blocks Albertsons $4B Dividend Payment

King County Superior Court Commissioner Henry Judson approved a motion granting a temporary restraining order blocking Albertsons from making a $4 billion dividend payment to investors as part of a planned nearly $25 billion merger with the Kroger Company.

Washington State Attorney General Bob Ferguson sued on Tuesday to stop the payment – which was scheduled for Nov. 7 – while Albertsons’ merger with Kroger is under review. In the lawsuit, Ferguson claims the payout could jeopardize the grocery giant’s ability to do business and imperil jobs.

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