Private Equity Triage: If you don't like what a private equity firm did to your company, buy it back.

Here’s one of the more radical ways to deal with a private equity deal that has gone bad:

The sons of the founder of defunct retailer Mervyns, Mervin Morris, have purchased the retailer’s name and all its Internet-related intellectual properties. They’re considering reopening locations of the discount department store their father opened nearly 60 years ago in San Lorenzo, Calif.