Rent-A-Center to Receive $92.5 Million in Lawsuit Settlement With Vintage Capital
Rent-A-Center said Monday it will be paid $92.5 million as part of an agreement to end litigation over the Plano-based rent-to-own retailer’s surprise termination of its pending merger with Vintage Capital last year. The agreement in principle to settle litigation with Vintage Capital Management LLC and its financial partner B. Riley Financial Inc. will end a dispute that started last December. …