Defense Co. Can't Shake Claims It Bilked PE Firm In Merger

Law360, New York (June 26, 2012, 10:09 PM EDT) -- A New York federal judge on Tuesday refused to dismiss claims against defense technology company EMX International LLC for lack of jurisdiction in brought by private equity firm Recurrent Capital LLC's suit claiming EMX conspired to cheat an investor of its share of a $40 million acquisition.

U.S. District Judge Shira A. Scheindlin ruled that EMX's motion to dismiss or transfer the case to Florida is meritless because the court has jurisdiction over the company's effective merger with co-defendant ISR Systems and Sensors Corp. The defendants...
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