Robbins Arroyo LLP Is Investigating the Officers and Directors of SUPERVALU INC. (SVU) on Behalf of Shareholders

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Oct 27, 2014, 04:15 ET

SAN DIEGO and EDEN PRAIRIE, Minn., Oct. 27, 2014 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of SUPERVALU INC. (NYSE: SVU) breached their fiduciary duties to shareholders. SUPERVALU operates as a wholesale distributor to independent retail customers in the United States.

View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/supervalu-inc

SUPERVALU Announces Lawsuits in Connection with Data Breach

On October 16, 2014, SUPERVALU announced in its quarterly 10-Q filing that as of August 2014, there has been two class action lawsuits initiated against SUPERVALU. The lawsuits derive from the August 14, 2014 announcement of a data breach between June 22, 2014 and July 17, 2014. McPeak v. SUPERVALU INC., filed August 18, 2014, alleges violations of the Federal Stored Communications Act and Illinois Personal Information Protection Act as a result of the criminal invasion. The second lawsuit, Hanff v. SUPERVALU INC., filed on August 25, 2014, alleges breach of contract, violation of Minnesota Deceptive Trade Practices Act, negligence, and invasion of privacy. Plaintiffs in both actions are seeking an unspecified amount in damages.

SUPERVALU Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, [email protected], or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, Ca 92101
[email protected]
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

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SOURCE Robbins Arroyo LLP