Albertsons Cos. has settled legal quarrels with West Coast grocer Haggen Holdings LLC, which filed for bankruptcy less than a year after buying 146 stores from Albertsons, the Wall Street Journal reported today. Described in a filing Friday with the Securities and Exchange Commission, the settlement is worth up to $14 million for Haggen’s unsecured creditors, including $5.8 million in cash contributed by Albertsons. The settlement allows Albertsons and Haggen to walk away from civil disputes stemming from a deal blessed by the Federal Trade Commission. The settlement is subject to court approval. Albertsons sold the big string of stores to Haggen in January 2015 to get antitrust clearance to buy Safeway Inc.
