Apollo Founders Can't Escape Suit Over Dead Merger

Law360, New York (April 16, 2009, 12:00 AM EDT) -- A Texas judge has ruled that the founders of Apollo Management LP should remain part of a suit brought by Huntsman Corp. after the private equity fund allegedly reneged on a $6.5 billion merger between one of its units and the chemical manufacturer.

On Wednesday, Judge Fred Edwards of the District Court of Montgomery County, Texas, rejected requests by Apollo founders Leon Black and Joshua Harris to be released from the case, siding with defendants Credit Suisse Group AG and Deutsche Bank AG, which had wanted...
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