A federal court lawsuit filed by a minority shareholder of Meredith Corp. stock claims executives, board members and majority shareholders of the Des Moines-based publisher conspired and had conflicts of interests in orchestrating Meredith’s acquisition, reports DesMoinesRegister.com. In September, Virginia-based Media General Inc. announced its plans to acquire Meredith for $2.4 billion in cash and stock. The deal was  “was approved by a majority-interested board who stood to profit from windfall financial benefits … as well as lucrative post-deal employment positions,” reads the lawsuit filed by shareholder Mary Mundy, of Mount Carmel, Ill. Mundy claims that the deal significantly undervalues Meredith stock. A Meredith spokesman declined to comment.