(Bloomberg) -- A National Financial Partners Corp. shareholder sued to block the firms $1.3 billion sale to Madison Dearborn Partners LLCs, a Chicago-based private equity firm.
Douglas Cory Branch, who said he holds $16,500 in NFP stock, sued June 7 in Manhattan federal court, claiming NFP, a New York-based insurance brokerage and wealth-management company, failed to disclose enough information about the merger to its shareholders. Branch asked for a court order blocking the sale on behalf of a class of all investors in the firm.
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