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Scimitar Capital Partners, LLC v. Chestnut Petroleum Dist., Inc.
Case Number:
3:13-cv-00546
Court:
Nature of Suit:
Judge:
Firms
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March 23, 2015
Chestnut Petroleum Settles Unpaid Fees Suit In $65M Recap
A Connecticut federal judge on Friday approved a stipulated dismissal between capital markets and financing company Scimitar Capital Partners and Chestnut Petroleum Distributors Inc., after the parties settled a contract dispute in which Scimitar allegedly failed to pay a fee for helping secure $65 million in recapitalization financing.
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April 17, 2013
Petroleum Distributor Sued Over Unpaid Fees In $65M Recap
Capital markets and financing company Scimitar Capital Partners LLC filed a contracts suit against a New York petroleum distributor in Connecticut federal court Wednesday, claiming Chestnut has illegally refused to pay fees owed to Scimitar for securing $65 million in recapitalization financing.