Coller Torpedoed Tech Patent Portfolio Sale, Atty Says

Law360, New York (December 5, 2013, 7:31 PM EST) -- Private equity firm Coller Capital didn't do enough to make sure it smoothed the sale of three technology patent portfolios, the attorney for a buyer who said it lost $300 million because of the failed deal told a New York state appeals court panel Thursday.

During a hearing in Manhattan, Gayle R. Klein of McKool Smith PC, who represents erstwhile buyer Lavigny Holdings Ltd., said the sale agreement gave Lavigny the right to skip a payment due date if it unilaterally waived a provision that required...
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