Darden investor: Red Lobster sale is ‘egregious violation’ of shareholder trust

An activist investor of Darden Restaurants Inc. isn’t taking the company’s recent moves lightly. Jeffery Smith, managing member of New York-based hedge fund Starboard Value LP, on July 15 sent a scathing letter to the board of Orlando-based restaurant firm (NYSE: DRI) saying Darden’s pending $2...