NY Court Boots PE Investor's $100M Suit Over Failed JV

Law360, New York (October 29, 2012, 5:45 PM EDT) -- A New York federal judge on Friday dismissed a $100 million suit brought by Pegasus Blue Star Fund founder Paul Parmar against Weston Capital Management LLC and others for allegedly scuttling a plan to consolidate and launch a new medical billing and management company through acquisitions.

U.S. District Judge Katherine B. Forrest ruled that the court lacked diversity jurisdiction over Parmar's claim that Weston, Sovrin Health Systems and a group of individual defendants maliciously interfered with his sale of certain assets, breaching their fiduciary duty and...
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