An investor sued Blue Apron Holdings Inc. on Wednesday over fears that its planned $103 million sale to an affiliate of billionaire Marc Lore may be a desperate move driven by a major investor’s unpaid debts.
The lawsuit seeks internal files from the meal-kit company—a former “unicorn” that went public in 2017 at a $1.9 billion valuation—to investigate concerns about its $13-a-share deal with Wonder Group Inc., the venture-backed food delivery startup founded by Lore, a former Walmart executive.
The shareholder suit says there’s evidence the transaction is plagued by conflicts of interest involving ties between Blue Apron’s leaders and ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.