ARAMARK Corporation Class Action for Self-Dealing and Breach of Fiduciary Duty

Gardy & Notis, LLP has been appointed by the Court as lead counsel for shareholders of ARAMARK Corporation (NYSE: RMK), seeking to prevent a management buyout of ARAMARK based on allegations that public shareholders will be cashed out an unfair $32 per share price.

Gardy & Notis, LLP achieved a settlement of the case whereby the cashout price was increased to $33.80 per share (representing a aggregate benefit to shareholders of over $266 million) and the vote on the transaction was structured to reduce management's 37% voting power down to just 3.5%, thereby increasing the voting power of public shareholders.

The case is In re ARAMARK Corporation Shareholders Litigation, Consolidated C.A. No. 2117-N, Delaware Court of Chancery.

For more information regarding the lawsuit or to obtain a copy of the complaint or any Court filings, please contact us.