Washington's top lawyer has asked a court to stop Albertsons from paying investors a $4 billion dividend set to be paid out ahead of the grocery retailer's proposed merger with rival Kroger.
The lawsuit, filed Tuesday by state Attorney General Bob Ferguson, is among the first targeting the proposed merger, which would combine the two of the largest grocers operating in Washington into a single corporation.
But at least one legal expert is skeptical the state has the authority to block the payment.
