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Shoemaker Keeping Interest On $7.5M Holdback, Suit Claims

By Braden Campbell ( March 29, 2016, 8:57 PM EDT) -- An agent for a group of shareholders in shoemaker Aerogroup International Inc. who were bought out in a 2014 merger sued the merged company and its parent in New Jersey federal court Friday, claiming they have failed to pay interest on a $7.5 million holdback amount as directed by the purchase agreement....

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