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Report: U.S. Bank Ensnared in Florida Bankruptcy Dispute

Businessman Maury Rosenberg, who won a $6.1 million jury award, claims that U.S. Bank is using involuntary bankruptcy as a collection tool, which is illegal; the bank, meanwhile, claims it hasn’t done anything wrong and is appropriately pursuing a litigious businessman who owes money.

Supervalu Completes $3.3B Deal to Sell 5 Grocery Brands

Following the sale, Supervalu will have annual sales of about $17 billion; meanwhile, the buyer, an affiliate of Cerberus Capital Management, will become the company’s largest shareholder, with 21.2 percent of outstanding common shares.
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