Inventor Accuses Sorenson Capital Of Holding Out On Royalties

Law360, New York (May 7, 2012, 3:12 PM EDT) -- The inventor of two popular craft tools said Wednesday that private equity firm Sorenson Capital Partners LP had concocted a scheme to deprive her of contractually deserved royalties to boost the returns on its investment in Provo Craft & Novelty Inc.

Sorenson Capital sidestepped Desiree Tanner's contract to spearhead an ongoing effort to withhold her cut of Provo Craft's sales, according to the suit filed in California district court.

She is owed roughly $3.5 million, between the royalties agreement and a separate consulting agreement, attorney Ronald...
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