Hilfiger’s Private Deal With Prosecutors Irks Shareholders

The undisclosed details of a nonprosecution agreement between the Justice Department and the Tommy Hilfiger Corporation are drawing keen interest from former Hilfiger shareholders who filed a class-action lawsuit against the clothing company. Corporate Counsel magazine reports on the controversy and suggests that prosecutors’ treatment of Hilfiger, now owned by the buyout firm Apax Partners, may amount to special treatment.