DCC sued $24 million over US takeover by former owners

Irish distribution giant DCC has “weaponized” its internal audit team to find ways to reduce earn-out payments due after its multimillion-dollar takeover of US firm Stampede, the former claim New York based company owner.

evin Kelly and Mark Wilkins – who sold Stampede Global Holdings to DCC in 2018 – allege in a lawsuit that DCC owes them more than $24 million in earnout payments under the terms of the acquisition. The lawsuit was filed in New York against DCC Technology Holdings and a UK subsidiary.

https://www.independent.ie/business/irish/dcc-sued-for-24m-over-us-acquisition-by-former-owners-41829119.html DCC sued $24 million over US takeover by former owners

Fry Electronics Team

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