Boca Raton, Fla.–based private investment firm Sun Capital Partners Inc. announced on Oct. 10 that it planned to acquire Knoxville, Tenn.–based moderateprice retailer Goody’s Family Clothing for $8 per share of Goody’s outstanding common stock. Two days later, two complaints were issued against the retailer charging that Goody’s “breached their fiduciary duties” by accepting Sun Capital’s offer and not accepting other acquisition offers. On Oct. 13, Goody’s announced that it had received a competing, higher offer from a third party. The retailer is considering the new bid for $8.50 per share for all of Goody’s outstanding shares, or about $281.4 million. Goody’s, which has about 11,000 employees and 368 stores in 20 southern and Midwestern states, dismissed the legal complaints as being without merit.