Vector Can't Shed Suit Alleging Breach Of Nondisclosure Deal
By Natalie Rodriguez
Law360, New York (March 30, 2012, 2:24 PM ET) -- A New York federal judge on Thursday trimmed but kept alive a suit brought by corporate financier Goodrich Capital LLC alleging private equity firm Vector Capital Corp. ignored a nondisclosure agreement by using proprietary information in its takeover of a cash security firm.
U.S. District Judge Jed S. Rakoff dismissed only two of six claims lodged by Goodrich and its broker-dealer affiliate Windsor Sheffield & Co. Inc. The companies claim Vector used their proprietary market data to purchase part of high-tech safe maker Tidel Engineering LP,...