TLC Vision Eyes New Plan With Private Equity Backing

By Ben James

Law360, New York (February 04, 2010, 7:04 PM ET) -- TLC Vision Corp. is pitching a new restructuring plan under which private equity firm Charlesbank Capital Partners LLC would pick up substantially all of the eye care company's assets, and has filed an adversary complaint seeking to block lenders — which have their own competing plan — from derailing the arrangement.

On Wednesday, TLC Vision filed the adversary proceeding in the U.S. District Court for the District of Delaware against parties including Wells Fargo Bank NA and Cantor Fitzgerald Securities, seeking to protect its first amended...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles