VLGEA · Village Super Market, Inc.

Summary

Wakefern Food Corp. filed an Answer, Separate Defenses, Jury Demand, Counterclaims, and Third-Party Complaint on March 19, 2026, in response to Village Super Market, Inc.'s Second Amended Complaint in ongoing litigation. The counterclaims seek a declaration of good cause to compel the Company to sell its Wakefern stock and exit the cooperative; the Company views these as frivolous, intends to seek dismissal, and reports no material impact on operations or financial performance to date.

Key takeaways

• Wakefern filed Counterclaims and Third-Party Complaint on March 19, 2026, in Village Super Market, Inc., et al. v. Wakefern Food Corp., et al., Superior Court of New Jersey, Law Division, Middlesex County.
• Counterclaims seek declaration that good cause exists under Wakefern By-Laws to compel Company to sell its stock in Wakefern and exit the cooperative.
• Company states no basis for good cause exists and Wakefern board of directors has not voted to compel as required by By-Laws.
• Company believes Wakefern's claims are frivolous and intends to seek dismissal.
• Dispute has not materially impacted Company's operations or financial performance to date.
• Company unable to determine probability of outcome or range of reasonably possible loss.