NexCen sued over Great American Cookie deal

NEW YORK A shareholder class-action lawsuit has been filed against MaggieMoo’s parent NexCen Brands Inc. for allegedly violating securities laws in its $93.7 million acquisition of Great American Cookie Co., according to a statement from the plaintiffs’ legal counsel.

Radnor, Pa.-based Schiffrin Barroway Topaz & Kessler LLP asserts in the statement that NexCen had secured financing for the deal in part by agreeing to an accelerated-redemption provision. That