Sellers In $175M Iron Data Deal Say Buyers Still Owe $10M

Law360, Wilmington (October 23, 2012, 11:02 PM EDT) -- A holding company and a private equity firm that formerly owned Iron Data Solutions LLC asked the Delaware Chancery Court on Tuesday to free the final $10 million due them from the software firm's $175 million sale, a sum they say the buyers have trapped in escrow through the filing of groundless claims.

Filed by Anvil Holding Corp. and private equity firm Thompson Street Capital Partners, the complaint accuses current owners Iron Acquisition Co. Inc. and Indigo Holding Co. Inc. of breaching the terms of the...
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