Valerus Wants Equity Firm’s $11M Windfall Nixed

Law360, New York (June 17, 2011, 7:30 PM EDT) -- Natural gas service provider Valerus Compression Services LP on Friday sued an equity firm and its affiliates in Texas for allowing the gas company's misinformed general counsel to amend a financing deal in a way that would give them an $11 million windfall.

Valerus says that Guggenheim Corporate Funding LLC knowingly allowed the natural gas company's attorney to change a financing deal with its affiliates that would give the equity firms the multimillion dollar windfall.

The $11 million would result from Valerus' $500 million acquisition by...
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