Judge Rips Vector's Reading Of Goodrich Nondisclosure Deal

Law360, New York (June 27, 2012, 10:19 PM EDT) -- A New York federal judge on Wednesday blasted private equity firm Vector Capital Corp.'s stated interpretations of a nondisclosure agreement that sits at the middle of Goodrich Capital LLC's suit alleging Vector used proprietary information in its takeover of a cash security firm.

In a memorandum to his March 29 decision, U.S. District Judge Jed S. Rakoff broke down his decision to dismiss only two of six claims brought by Goodrich and its broker-dealer affiliate Windsor Sheffield & Co. Inc.

The companies claim Vector used their...
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