The complaint charges Nash Finch, Ron Marshall, and Le Anne M. Stewart with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the merger between Nash Finch and Roundy's Distribution Center was plagued by integration problems; (2) that the Company's net sales growth rate and earnings growth rate could not be sustained due to the integration issues with the Roundy's Distribution Center; (3) that the Company's core business was under-performing; (4) that the Company failed to maintain adequate internal controls; and (5) that as a result of the above, the defendants' fiscal projections were lacking in any reasonable basis when made.

Additionally, the complaint alleges that defendants were motivated to engage in the fraudulent and wrongful conduct to sell more than $300 million in notes in a private placement and in order for Company insiders, including defendant Marshall, to sell more than $17 million of their privately held Nash Finch shares while in possession of material adverse non-public information about the Company.