EIG Drops Protest Of TCW Sale To Carlyle

Law360, New York (January 16, 2013, 5:25 PM EST) -- Private energy investor EIG Global Energy Partners LLC has dropped its attempts to block joint venture partner TCW Group Inc.'s sale to private equity giant The Carlyle Group LP over an alleged breach of contract, the companies said in a joint announcement Wednesday.

EIG had pursued federal litigation in California to block TCW's sale to Carlyle, arguing that the sale would violate the agreement governing a $4.2 billion joint venture between EIG and TCW. Under the terms of the agreement announced Wednesday, TCW will maintain its...
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