Given the brutal casual dining operating environment they subsequently faced, we’re sure the top executives at 1,700-unit Darden Restaurants wish the timing of last August’s $1.19 billion purchase of LongHorn Steakhouse had been different. But you can’t expect them to foresee the future. Unless, that is, you work for Plumbers and Pipefitters Local 51 Pension Fund, which has unleashed an army of class-action lawyers on Darden alleging that its top executives misled investors about the ...
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